Average Physicians, All Other Salary in Madison, WI
Physicians, All Other in Madison, WI, command an impressive average annual salary of $324,830, significantly surpassing the national average of $256,170. This elevated compensation is often dictated by the specialized nature of the role and the specific healthcare demands within the Madison metropolitan area, reflecting a strong local market for highly skilled medical professionals.
Executive Summary
- Average Salary: $324,830 per year.
- Growth Trend: Salaries have shifted 10.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $487,245.
- Outlook: Madison, WI, hosts a local workforce of 610 Physicians, All Other. While the Location Quotient of 0.74 suggests a slightly lower concentration compared to the national average, the presence of over 600 professionals indicates a stable and established presence in the healthcare sector. This workforce size, coupled with the specific job density of 1.514 jobs per 1,000 workers, points to a consistent, albeit not hyper-concentrated, demand for these specialized roles within the region.
Salary Overview
The average Physicians, All Other in Madison, WI earns+26.8%above the national average.
$156.2
$6,247
$27,069
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 Madison, WI, has experienced steady growth over the past four years, mirroring national trends in the healthcare industry. Factors such as increasing healthcare needs, advancements in medical technology, and inflation typically contribute to a positive salary trajectory for medical professionals in most developed economies.
Physicians, All Other Salary Distribution in Madison, WI
The salary spectrum for Physicians, All Other in Madison, WI, naturally widens with experience. Entry-level positions will command salaries at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can expect to earn significantly more, often reaching into the higher percentiles. The gap between the 25th and 75th percentiles, and beyond, clearly signifies the substantial career progression and earning potential available within this field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $216,200 | $103.9 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $243,623 | $117.1 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $324,834 | $156.2 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $406,038 | $195.2 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $487,245 | $234.3 |
Detailed Physicians, All Other Market Analysis
Relocation Context
Nominal Salary
$324,830
Gross Pay
Real Wage (Purchasing Power)
$324,830
Adjusted for COL (100)
The nominal average annual salary of $324,830 for Physicians, All Other in Madison, WI, is particularly attractive when juxtaposed with the local Cost of Living Index of 100, which is precisely the national average. This means that the high earnings translate directly into strong purchasing power, allowing these professionals to enjoy a lifestyle comparable to the national standard without the financial strain often associated with higher cost-of-living areas.
Job Market Context
610
Total Jobs
1.514
Per 1K Jobs
0.74
Location Quotient
Madison, WI has 0.74x 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 0.74, Madison, WI, has a slightly lower concentration of Physicians, All Other compared to the national average. This suggests that while the profession is well-represented, the market is not oversaturated. This can indicate a healthy balance between supply and demand, potentially leading to competitive opportunities for qualified physicians seeking employment in the area, without the intense competition found in more concentrated markets.
Nearby Job Markets
Nearby Cities for Physicians, All Other
| City | Salary | Dist. |
|---|---|---|
| Rockford, IL Physicians, All Other Salary | $321,030↓ 1% | 59 mi |
| Milwaukee-Waukesha, WI Physicians, All Other Salary | $239,970↓ 26% | 72 mi |
| Oshkosh-Neenah, WI Physicians, All Other Salary | $361,400↑ 11% | 77 mi |
Comparing salaries near Madison, WI
Hiring Physicians, All Others?
Frequently Asked Questions
How much does a Physicians, All Other make in Madison, WI?
The median annual salary for a Physicians, All Other in Madison, WI is $324,830. This typically ranges from $216,200 for entry-level positions to $487,245 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Madison, WI is 26.8% higher than the national median of $256,170.
Is Madison, WI a lucrative place for Physicians, All Other?
Yes, Madison, WI is a highly lucrative location for Physicians, All Other.The average annual salary of $324,830 significantly exceeds the national average, and with a cost of living at the national benchmark, the purchasing power of these earnings is substantial.
Is Madison, WI a good place to live for Physicians, All Others?
The Cost of Living Index in Madison, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Madison, WI?
Some top paying nearby cities include Rockford, IL ($321,030) and Milwaukee-Waukesha, WI.
How does Madison's physician salary compare to the national average?
Physicians, All Other in Madison, WI, earn an average of $324,830 annually, which is considerably higher than the national average of $256,170.
What is the cost of living in Madison, WI for physicians?
The cost of living in Madison, WI, is exactly at the national average, indicated by an index of 100. This means your salary goes as far in Madison as it does nationally.
How many Physicians, All Other work in Madison, WI?
There are approximately 610 Physicians, All Other employed within the Madison, WI workforce.
Is there high demand for physicians in Madison, WI?
While the concentration (Location Quotient) is slightly below the national average, the stable workforce size and job density suggest a consistent and steady demand for physicians in Madison, WI.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 610 employees in the Madison, WI area with a job density of 1.514 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 Madison, WI