Average Physicians, All Other Salary in Lexington-Fayette, KY
Physicians, All Other in Lexington-Fayette, KY earn an impressive average annual salary of $279,820, significantly surpassing the national average of $256,170. This elevated compensation reflects the specialized demand and the critical role these medical professionals play within the local healthcare ecosystem, often influenced by regional healthcare needs and the specific services offered in the area.
Executive Summary
- Average Salary: $279,820 per year.
- Growth Trend: Salaries have shifted 1.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $419,730.
- Outlook: The job market for Physicians, All Other in Lexington-Fayette, KY appears stable, with a local workforce of 600 professionals. The Location Quotient of 1.03 indicates a concentration of these roles that is slightly above the national average, suggesting a consistent demand that aligns with or slightly exceeds national trends for this specialized medical field.
Salary Overview
The average Physicians, All Other in Lexington-Fayette, KY earns+9.2%above the national average.
$134.5
$5,381
$23,318
Physicians, All Other Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the salaries for Physicians, All Other in Lexington-Fayette, KY have experienced steady growth over the past four years, mirroring national trends in the healthcare sector. Factors such as inflation, increasing healthcare demands, and advancements in medical practices typically contribute to upward salary adjustments for highly skilled professionals.
Physicians, All Other Salary Distribution in Lexington-Fayette, KY
The salary trajectory for Physicians, All Other in Lexington-Fayette, KY typically shows a significant increase with experience. Entry-level positions might start lower, but as professionals gain years of practice, specialize further, and take on more complex cases or leadership roles, their earning potential escalates considerably. The percentile gaps in salary distribution clearly signify these opportunities for career progression and higher compensation.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $102,580 | $49.3 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $209,865 | $100.9 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $279,822 | $134.5 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $349,775 | $168.2 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $419,730 | $201.8 |
Detailed Physicians, All Other Market Analysis
Relocation Context
Nominal Salary
$279,820
Gross Pay
Real Wage (Purchasing Power)
$279,820
Adjusted for COL (100)
The average annual salary of $279,820 in Lexington-Fayette, KY presents a strong financial proposition, especially when contrasted with a Cost of Living Index of 100, which is precisely the national average. This means that the purchasing power of a physician's salary in this location is equivalent to the national standard, allowing for a comfortable lifestyle without the added financial strain of a higher cost of living.
Job Market Context
600
Total Jobs
2.109
Per 1K Jobs
1.03
Location Quotient
With a location quotient of 1.03, Lexington-Fayette, KY has a slightly higher-than-average concentration of Physicians, All Other roles compared to the national norm.
With a Location Quotient of 1.03, the market for Physicians, All Other in Lexington-Fayette, KY is characterized by a concentration that is just slightly above the national average. This suggests a healthy and competitive job market where demand is robust, but not overwhelmingly saturated, offering good opportunities for qualified professionals to find employment and establish their careers.
Nearby Job Markets
Nearby Cities for Physicians, All Other
| City | Salary | Dist. |
|---|---|---|
| Central Kentucky nonmetropolitan area Physicians, All Other Salary | $285,390↑ 2% | 28 mi |
| South Central Kentucky nonmetropolitan area Physicians, All Other Salary | $280,450↑ 0% | 28 mi |
| Louisville/Jefferson County, KY-IN Physicians, All Other Salary | $285,430↑ 2% | 72 mi |
Comparing salaries near Lexington-Fayette, KY
Hiring Physicians, All Others?
Frequently Asked Questions
How much does a Physicians, All Other make in Lexington-Fayette, KY?
The median annual salary for a Physicians, All Other in Lexington-Fayette, KY is $279,820. This typically ranges from $102,580 for entry-level positions to $419,730 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington-Fayette, KY is 9.2% higher than the national median of $256,170.
Is Lexington-Fayette, KY a lucrative place for Physicians, All Other?
Yes, it is a highly lucrative location for Physicians, All Other.The average salary of $279,820 significantly exceeds the national average, and the cost of living is at the national average, maximizing earning potential.
Is Lexington-Fayette, KY a good place to live for Physicians, All Others?
The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington-Fayette, KY?
Some top paying nearby cities include Central Kentucky nonmetropolitan area ($285,390) and South Central Kentucky nonmetropolitan area.
How does the salary for Physicians, All Other in Lexington-Fayette, KY compare to the national average?
Physicians, All Other in Lexington-Fayette, KY earn an average of $279,820 annually, which is notably higher than the national average of $256,170.
What is the concentration of Physicians, All Other in Lexington-Fayette, KY?
The concentration, measured by the Location Quotient, is 1.03, indicating that this profession is slightly more prevalent in Lexington-Fayette, KY compared to the national average.
How does the cost of living in Lexington-Fayette, KY affect the physician's salary?
The Cost of Living Index is 100, matching the national average. This means the higher salary of $279,820 offers strong purchasing power locally.
What is the total number of Physicians, All Other employed in Lexington-Fayette, KY?
There are approximately 600 Physicians, All Other employed within the Lexington-Fayette, KY 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 600 employees in the Lexington-Fayette, KY area with a job density of 2.109 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 Lexington-Fayette, KY