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Average Physicians, All Other Salary in Little Rock-North Little Rock-Conway, AR

Physicians, All Other in the Little Rock-North Little Rock-Conway, AR area earn an average annual salary of $236,460. This figure is slightly below the national average of $256,170, suggesting that while the demand for specialized medical professionals is present, local market dynamics and potentially other factors contribute to this compensation level. The specific economic landscape and healthcare infrastructure of the region play a crucial role in shaping these salary outcomes.

Executive Summary

  • Average Salary: $236,460 per year.
  • Growth Trend: Salaries have shifted 52.7% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $354,690.
  • Outlook: The Little Rock-North Little Rock-Conway, AR metropolitan area supports a local workforce of 1,020 Physicians, All Other. With a jobs-per-1,000-workers ratio of 2.884, the presence of these professionals is notable within the local employment fabric. The concentration, indicated by a Location Quotient of 1.41, suggests a higher-than-average presence of these roles compared to the national landscape, pointing towards a robust and potentially growing demand for their expertise in the region.
2024 Market Data

Salary Overview

$236,460

The average Physicians, All Other in Little Rock-North Little Rock-Conway, AR earns-7.7%below the national average.

BreakdownBased on 40h/week
Hourly

$113.7

Weekly

$4,547

Monthly

$19,705

Physicians, All Other Salary Distribution in Little Rock-North Little Rock-Conway, AR

Salary progression for Physicians, All Other in Little Rock-North Little Rock-Conway, AR is significantly influenced by experience and specialization. Entry-level positions typically command lower salaries, while seasoned professionals with extensive experience and specialized skills can expect compensation at the higher percentiles. The widening gap between entry-level and senior-level salaries reflects the career growth and increased value that experienced physicians bring to healthcare institutions.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$63,770$30.7
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$177,345$85.3
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$236,454$113.7
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$295,575$142.1
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$354,690$170.5

Detailed Physicians, All Other Market Analysis

Relocation Context

Nominal Salary

$236,460

Gross Pay

Real Wage (Purchasing Power)

$236,460

Adjusted for COL (100)

The average annual salary of $236,460 for Physicians, All Other in Little Rock-North Little Rock-Conway, AR aligns perfectly with the national average cost of living, which stands at 100. This means that the nominal salary earned in this region offers purchasing power equivalent to the national average. Consequently, relocating to Little Rock for this profession does not present an immediate financial advantage or disadvantage in terms of the cost of goods and services.

Job Market Context

1,020

Total Jobs

2.884

Per 1K Jobs

1.41

Location Quotient

Above Average

With a location quotient of 1.41, Little Rock-North Little Rock-Conway, AR has a slightly higher-than-average concentration of Physicians, All Other roles compared to the national norm.

With a Location Quotient of 1.41, the Little Rock-North Little Rock-Conway, AR market demonstrates a concentration of Physicians, All Other that is 41% higher than the national average. This indicates a relatively abundant job market for these professionals, suggesting that employers may have a solid pool of candidates to draw from. While this concentration points to demand, it also implies a competitive environment for physicians seeking positions.

Nearby Job Markets

Nearby Cities for Physicians, All Other

Comparing salaries near Little Rock-North Little Rock-Conway, AR

Hiring Physicians, All Others?

Frequently Asked Questions

How much does a Physicians, All Other make in Little Rock-North Little Rock-Conway, AR?

The median annual salary for a Physicians, All Other in Little Rock-North Little Rock-Conway, AR is $236,460. This typically ranges from $63,770 for entry-level positions to $354,690 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Little Rock-North Little Rock-Conway, AR is 7.7% lower than the national median of $256,170.

Is Little Rock-North Little Rock-Conway, AR a lucrative place for Physicians, All Others?

Yes, with caveats.The average salary of $236,460 is competitive, especially when considering the national average cost of living. However, it is slightly below the national average salary for the role, indicating a balanced market.

Is Little Rock-North Little Rock-Conway, AR a good place to live for Physicians, All Others?

The Cost of Living Index in Little Rock-North Little Rock-Conway, AR is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Little Rock-North Little Rock-Conway, AR?

Some top paying nearby cities include South Arkansas nonmetropolitan area ($308,360) and North Arkansas nonmetropolitan area.

How does the Little Rock salary compare to the national average for Physicians, All Other?

The average salary in Little Rock is $236,460, which is slightly lower than the national average of $256,170.

What is the concentration of Physicians, All Other in Little Rock compared to the nation?

Little Rock has a Location Quotient of 1.41, meaning there are 41% more Physicians, All Other employed per worker than the national average, indicating a higher concentration.

Does the cost of living in Little Rock affect the value of the physician salary?

No, the cost of living in Little Rock is exactly at the national average (100), so the $236,460 salary has equivalent purchasing power to the national average.

How many Physicians, All Other are there in the Little Rock workforce?

There are approximately 1,020 Physicians, All Other working in the Little Rock-North Little Rock-Conway, AR 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 1,020 employees in the Little Rock-North Little Rock-Conway, AR area with a job density of 2.884 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.