Average Physicians, All Other Salary in Chicago-Naperville-Elgin, IL-IN
Physicians, All Other in the Chicago-Naperville-Elgin, IL-IN metropolitan area earn an impressive average annual salary of $227,170. This figure, while slightly below the national average of $256,170, reflects a robust local healthcare market and the specialized demands placed upon medical professionals in this major urban center. The specific economic drivers and healthcare infrastructure within Chicago contribute to this competitive compensation.
Executive Summary
- Average Salary: $227,170 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $340,755.
- Outlook: The Chicago-Naperville-Elgin, IL-IN area boasts a substantial workforce of 14,850 individuals in the Physicians, All Other category. With a Location Quotient of 1.62, this indicates a significantly higher concentration of these professionals compared to the national average, suggesting strong demand and a well-established presence within the region's healthcare ecosystem.
Salary Overview
The average Physicians, All Other in Chicago-Naperville-Elgin, IL-IN earns-11.3%below the national average.
$109.2
$4,369
$18,931
Physicians, All Other Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the average salary for Physicians, All Other in the Chicago-Naperville-Elgin, IL-IN area has experienced steady growth over the past four years. Factors such as increasing healthcare needs, advancements in medical technology, and inflation typically drive upward salary trends for highly skilled medical professionals.
Physicians, All Other Salary Distribution in Chicago-Naperville-Elgin, IL-IN
Salary progression for Physicians, All Other in Chicago-Naperville-Elgin, IL-IN typically scales significantly with experience. Entry-level positions will command lower salaries, while seasoned physicians with specialized expertise and extensive practice histories can expect to earn substantially more, potentially reaching into higher percentile brackets. The widening gap between entry-level and senior physician salaries signifies clear career advancement opportunities.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $68,660 | $33 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $170,378 | $81.9 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $215,680 | $103.7 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $283,963 | $136.5 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $340,755 | $163.8 |
Detailed Physicians, All Other Market Analysis
Relocation Context
Nominal Salary
$227,170
Gross Pay
Real Wage (Purchasing Power)
$227,170
Adjusted for COL (100)
The nominal average annual salary of $227,170 for Physicians, All Other in Chicago-Naperville-Elgin, IL-IN aligns perfectly with the local Cost of Living Index of 100. This means that the purchasing power of this salary is equivalent to the national average, indicating that the compensation is well-suited to the local economic conditions and the cost of goods and services.
Job Market Context
14,850
Total Jobs
3.32
Per 1K Jobs
1.62
Location Quotient
Chicago-Naperville-Elgin, IL-IN has 1.6x the national concentration of Physicians, All Other jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
A Location Quotient of 1.62 for Physicians, All Other in Chicago-Naperville-Elgin, IL-IN signifies that this profession is 62% more concentrated in this region than the national average. This suggests a robust and active job market with a high demand for these specialized medical roles, indicating a competitive yet abundant landscape for both employers and potential employees.
Nearby Job Markets
Nearby Cities for Physicians, All Other
| City | Salary | Dist. |
|---|---|---|
| Michigan City-La Porte, IN Physicians, All Other Salary | $290,840↑ 28% | 41 mi |
| Kankakee, IL Physicians, All Other Salary | $293,860↑ 29% | 55 mi |
Comparing salaries near Chicago-Naperville-Elgin, IL-IN
Hiring Physicians, All Others?
Frequently Asked Questions
How much does a Physicians, All Other make in Chicago-Naperville-Elgin, IL-IN?
The median annual salary for a Physicians, All Other in Chicago-Naperville-Elgin, IL-IN is $227,170. This typically ranges from $68,660 for entry-level positions to $340,755 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Chicago-Naperville-Elgin, IL-IN is 11.3% lower than the national median of $256,170.
Is Chicago-Naperville-Elgin, IL-IN a lucrative place for Physicians, All Others?
Yes, it is a lucrative place for Physicians, All Other.The substantial average salary of $227,170, coupled with a Location Quotient indicating high concentration and demand, makes this region financially attractive for physicians. Furthermore, the cost of living being at the national average ensures strong purchasing power for this income.
Is Chicago-Naperville-Elgin, IL-IN a good place to live for Physicians, All Others?
The Cost of Living Index in Chicago-Naperville-Elgin, IL-IN is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Chicago-Naperville-Elgin, IL-IN?
Some top paying nearby cities include Michigan City-La Porte, IN ($290,840) and Kankakee, IL.
How does the Chicago physician salary compare to the national average?
Physicians, All Other in Chicago-Naperville-Elgin, IL-IN earn an average of $227,170 annually, which is slightly lower than the national average of $256,170.
What is the job concentration for physicians in Chicago?
The job concentration, measured by the Location Quotient, is 1.62, meaning physicians are 62% more concentrated in the Chicago-Naperville-Elgin, IL-IN area than the national average.
Does the cost of living affect the physician salary in Chicago?
No, the cost of living in Chicago-Naperville-Elgin, IL-IN is at the national average (100), meaning the $227,170 salary has equivalent purchasing power to the national average salary.
How many physicians are employed in the Chicago area?
There are approximately 14,850 individuals employed as Physicians, All Other in the Chicago-Naperville-Elgin, IL-IN metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 14,850 employees in the Chicago-Naperville-Elgin, IL-IN area with a job density of 3.32 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Physicians, All Other • Data source: BLS OEWS 2024 •Jobs in Chicago-Naperville-Elgin, IL-IN