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Average Physicians, All Other Salary in Milwaukee-Waukesha, WI

Physicians, All Other in the Milwaukee-Waukesha, WI area earn an average annual salary of $239,970. This figure is slightly below the national average of $256,170, suggesting a localized market dynamic influencing compensation. Factors such as regional healthcare needs, the presence of specialized medical institutions, and the overall economic landscape of the Milwaukee metropolitan area contribute to this specific pay scale.

Executive Summary

  • Average Salary: $239,970 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $359,955.
  • Outlook: The Milwaukee-Waukesha area demonstrates a robust employment landscape for Physicians, All Other, with a total local workforce of 2,680. The Location Quotient of 1.6 indicates a significant concentration of these professionals compared to the national average, suggesting a strong and stable demand for their services within the region.
2024 Market Data

Salary Overview

$239,970

The average Physicians, All Other in Milwaukee-Waukesha, WI earns-6.3%below the national average.

BreakdownBased on 40h/week
Hourly

$115.4

Weekly

$4,615

Monthly

$19,998

Physicians, All Other Salary Distribution in Milwaukee-Waukesha, WI

The salary progression for Physicians, All Other, typically scales significantly with experience. Entry-level positions will command lower salaries, while seasoned professionals with specialized skills and extensive experience can expect to earn considerably more, often reaching into the higher percentiles of the salary range. The gap between entry-level and senior roles highlights substantial career advancement opportunities and earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$70,560$33.9
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$179,978$86.5
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$218,460$105
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$299,963$144.2
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$359,955$173.1

Detailed Physicians, All Other Market Analysis

Relocation Context

Nominal Salary

$239,970

Gross Pay

Real Wage (Purchasing Power)

$239,970

Adjusted for COL (100)

The nominal average annual salary of $239,970 in Milwaukee-Waukesha, WI, aligns perfectly with the national average cost of living, which is indexed at 100. This means that the purchasing power of a physician's salary in this area is equivalent to the national standard, offering a stable financial environment for residents.

Job Market Context

2,680

Total Jobs

3.276

Per 1K Jobs

1.6

Location Quotient

Major Hub

Milwaukee-Waukesha, WI has 1.6x the national concentration of Physicians, All Other jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.

With a Location Quotient of 1.6, the Milwaukee-Waukesha, WI, market shows a notable concentration of Physicians, All Other, exceeding the national average. This suggests a competitive yet abundant job market where employers actively seek these professionals, and there are ample opportunities for qualified individuals to find employment.

Nearby Job Markets

Hiring Physicians, All Others?

Frequently Asked Questions

How much does a Physicians, All Other make in Milwaukee-Waukesha, WI?

The median annual salary for a Physicians, All Other in Milwaukee-Waukesha, WI is $239,970. This typically ranges from $70,560 for entry-level positions to $359,955 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Milwaukee-Waukesha, WI is 6.3% lower than the national median of $256,170.

Is Milwaukee-Waukesha, WI a lucrative place for Physicians, All Others?

Yes, it offers a competitive salary with an average of $239,970.The average salary of $239,970 is substantial, and with a cost of living index of 100, it provides strong purchasing power equivalent to the national average.

Is Milwaukee-Waukesha, WI a good place to live for Physicians, All Others?

The Cost of Living Index in Milwaukee-Waukesha, WI is 100. While higher than average, this often correlates with higher wages.

How does the Milwaukee physician salary compare to the national average?

The average annual salary for Physicians, All Other, in Milwaukee-Waukesha, WI, is $239,970, which is slightly below the national average of $256,170.

What is the concentration of Physicians, All Other, in Milwaukee-Waukesha, WI?

The concentration, measured by the Location Quotient, is 1.6, indicating that this profession is 60% more concentrated in Milwaukee-Waukesha than the national average.

How many Physicians, All Other, are employed in Milwaukee-Waukesha, WI?

There are approximately 2,680 Physicians, All Other, employed within the Milwaukee-Waukesha, WI metropolitan area.

What does a Cost of Living Index of 100 mean for physicians in Milwaukee?

A Cost of Living Index of 100 signifies that the overall cost of goods and services in Milwaukee-Waukesha is the same as the national average, making the $239,970 salary hold its value effectively.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,680 employees in the Milwaukee-Waukesha, WI area with a job density of 3.276 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 Milwaukee-Waukesha, WI