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Average Physicians, All Other Salary in Fargo, ND-MN

Physicians, All Other in Fargo, ND-MN earn an impressive average annual salary of $343,760, significantly surpassing the national average of $256,170. This elevated compensation reflects the specialized nature of medical professions and potentially the demand within the Fargo region's healthcare sector. Local economic factors and the specific needs of the community likely contribute to this favorable pay scale.

Executive Summary

  • Average Salary: $343,760 per year.
  • Growth Trend: Salaries have shifted 77.8% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $515,640.
  • Outlook: The Fargo, ND-MN metropolitan area supports a local workforce of 260 Physicians, All Other, indicating a stable presence in the healthcare landscape. With a Location Quotient of 0.86, the concentration of these professionals is slightly below the national average, suggesting a balanced demand that doesn't necessarily indicate an oversupply. The rate of 1.758 jobs per 1,000 workers further underscores a consistent need for these specialized roles within the local economy.
2024 Market Data

Salary Overview

$343,760

The average Physicians, All Other in Fargo, ND-MN earns+34.2%above the national average.

BreakdownBased on 40h/week
Hourly

$165.3

Weekly

$6,611

Monthly

$28,647

Physicians, All Other Salary Distribution in Fargo, ND-MN

Salary progression for Physicians, All Other in Fargo, ND-MN is strongly tied to experience and specialization. Entry-level physicians can expect to earn at the lower end of the salary spectrum, while those with extensive experience, advanced certifications, and specialized skills will command significantly higher compensation. The percentile gaps in earnings clearly delineate career progression, rewarding accumulated expertise and responsibility within the medical field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$166,150$79.9
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$257,820$124
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$343,762$165.3
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$429,700$206.6
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$515,640$247.9

Detailed Physicians, All Other Market Analysis

Relocation Context

Nominal Salary

$343,760

Gross Pay

Real Wage (Purchasing Power)

$343,760

Adjusted for COL (100)

The average annual salary of $343,760 in Fargo, ND-MN presents a highly attractive financial proposition, especially when considered against the local Cost of Living Index of 100, which is precisely at the national average. This means that the purchasing power of a physician's salary in Fargo is equivalent to the national average, allowing for a comfortable lifestyle without the added financial strain often associated with higher cost-of-living areas.

Job Market Context

260

Total Jobs

1.758

Per 1K Jobs

0.86

Location Quotient

Below Average

Fargo, ND-MN has 0.86x 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.

With a Location Quotient of 0.86, the Fargo, ND-MN market for Physicians, All Other is neither significantly saturated nor critically undersupplied compared to the national average. This suggests a competitive yet accessible job market where skilled professionals can find opportunities. The slightly lower concentration indicates that while the demand is present, the number of professionals is closely aligned with the regional needs, offering a stable employment environment.

Nearby Job Markets

Hiring Physicians, All Others?

Frequently Asked Questions

How much does a Physicians, All Other make in Fargo, ND-MN?

The median annual salary for a Physicians, All Other in Fargo, ND-MN is $343,760. This typically ranges from $166,150 for entry-level positions to $515,640 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Fargo, ND-MN is 34.2% higher than the national median of $256,170.

Is Fargo, ND-MN a lucrative place for Physicians, All Other?

Yes, Fargo, ND-MN is a highly lucrative place for Physicians, All Other.The average salary of $343,760 significantly exceeds the national average, and the cost of living is at the national average, maximizing purchasing power.

Is Fargo, ND-MN a good place to live for Physicians, All Others?

The Cost of Living Index in Fargo, ND-MN is 100. While higher than average, this often correlates with higher wages.

How does Fargo's physician salary compare to the national average?

Physicians, All Other in Fargo, ND-MN earn an average of $343,760 annually, which is substantially higher than the national average of $256,170.

What is the concentration of Physicians, All Other in Fargo compared to the rest of the US?

The Location Quotient of 0.86 indicates that Fargo has a slightly lower concentration of Physicians, All Other compared to the national average, suggesting a balanced market.

How does the cost of living in Fargo affect physician salaries?

With a Cost of Living Index of 100, Fargo's cost of living is exactly at the national average, meaning the high physician salaries translate directly into strong purchasing power for residents.

What does the total local workforce number suggest about job availability?

A local workforce of 260 indicates a solid base of these professionals, suggesting consistent demand and opportunities within the Fargo healthcare system.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 260 employees in the Fargo, ND-MN area with a job density of 1.758 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Physicians, All Other • Data source: BLS OEWS 2024 •Jobs in Fargo, ND-MN