Average Physicians, All Other Salary in Eastern New Mexico nonmetropolitan area
Physicians, All Other in the Eastern New Mexico nonmetropolitan area earn a substantial average annual salary of $317,590, significantly exceeding the national average of $256,170. This elevated compensation is likely driven by the unique demands and potentially limited supply of specialized medical professionals in a nonmetropolitan setting, where attracting and retaining talent often requires a premium.
Executive Summary
- Average Salary: $317,590 per year.
- Growth Trend: Salaries have shifted 1.7% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $476,385.
- Outlook: With a total local workforce of 230, the physician sector in Eastern New Mexico is relatively small. The Location Quotient of 0.69 suggests a concentration below the national average, indicating that while physicians are present, they are not disproportionately represented compared to the rest of the country. This suggests a stable, albeit not rapidly expanding, demand for these critical roles within the region.
Salary Overview
The average Physicians, All Other in Eastern New Mexico nonmetropolitan area earns+24.0%above the national average.
$152.7
$6,108
$26,466
Physicians, All Other Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Physicians, All Other in nonmetropolitan areas like Eastern New Mexico have experienced steady growth over the past four years, mirroring national trends. Factors such as increasing healthcare needs, inflation, and efforts to attract medical talent to underserved regions typically contribute to upward salary adjustments.
Physicians, All Other Salary Distribution in Eastern New Mexico nonmetropolitan area
Salary progression for Physicians, All Other typically scales significantly with experience. Entry-level physicians will likely earn at the lower end of the pay scale, while those with extensive experience, specialized skills, and leadership roles can command salaries well into the upper percentiles. The gaps between these percentile earnings signify clear career progression and the increasing value placed on seasoned medical expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $99,510 | $47.8 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $238,193 | $114.5 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $317,595 | $152.7 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $396,988 | $190.9 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $476,385 | $229 |
Detailed Physicians, All Other Market Analysis
Relocation Context
Nominal Salary
$317,590
Gross Pay
Real Wage (Purchasing Power)
$317,590
Adjusted for COL (100)
The average annual salary of $317,590 in Eastern New Mexico nonmetropolitan area aligns perfectly with the national average Cost of Living Index of 100. This means that the high nominal salary translates directly into strong purchasing power locally, allowing physicians to maintain a comparable standard of living to their counterparts in more expensive national regions, without the added financial strain.
Job Market Context
230
Total Jobs
1.414
Per 1K Jobs
0.69
Location Quotient
Eastern New Mexico nonmetropolitan area has 0.69x the national average concentration of Physicians, All Other jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.69 indicates that Physicians, All Other are less concentrated in the Eastern New Mexico nonmetropolitan area compared to the national average. This suggests that the job market may be less saturated, potentially leading to greater opportunities for qualified professionals and a competitive environment for employers seeking to fill these vital positions.
Nearby Job Markets
Nearby Cities for Physicians, All Other
| City | Salary | Dist. |
|---|---|---|
| Albuquerque, NM Physicians, All Other Salary | $304,780↓ 4% | 29 mi |
| Santa Fe, NM Physicians, All Other Salary | $261,930↓ 18% | 59 mi |
Comparing salaries near Eastern New Mexico nonmetropolitan area
Hiring Physicians, All Others?
Frequently Asked Questions
How much does a Physicians, All Other make in Eastern New Mexico nonmetropolitan area?
The median annual salary for a Physicians, All Other in Eastern New Mexico nonmetropolitan area is $317,590. This typically ranges from $99,510 for entry-level positions to $476,385 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Eastern New Mexico nonmetropolitan area is 24.0% higher than the national median of $256,170.
Is Eastern New Mexico nonmetropolitan area a lucrative place for Physicians, All Other?
Yes, it is a highly lucrative place for Physicians, All Other.The average salary of $317,590 significantly surpasses the national average, and with a cost of living at the national average, the purchasing power of this salary is substantial.
Is Eastern New Mexico nonmetropolitan area a good place to live for Physicians, All Others?
The Cost of Living Index in Eastern New Mexico nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Eastern New Mexico nonmetropolitan area?
Some top paying nearby cities include Albuquerque, NM ($304,780) and Santa Fe, NM.
How does the Eastern New Mexico physician salary compare to the national average?
Physicians, All Other in Eastern New Mexico earn an average of $317,590 annually, which is considerably higher than the national average of $256,170.
What is the significance of the Location Quotient (LQ) for physicians in this area?
An LQ of 0.69 means that physicians are less concentrated in Eastern New Mexico compared to the national average, suggesting a potentially less competitive job market for these professionals.
Does the cost of living affect the physician's salary in Eastern New Mexico?
No, the cost of living in Eastern New Mexico is at the national average (100), meaning the high salary offers excellent purchasing power without the burden of higher living expenses.
How many Physicians, All Other work in the Eastern New Mexico nonmetropolitan area?
There are approximately 230 Physicians, All Other employed within the Eastern New Mexico nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Eastern New Mexico nonmetropolitan area area with a job density of 1.414 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 Eastern New Mexico nonmetropolitan area