Average Physicians, All Other Salary in Minneapolis-St. Paul-Bloomington, MN-WI
Physicians, All Other in the Minneapolis-St. Paul-Bloomington, MN-WI area command an impressive average annual salary of $332,780. This figure significantly surpasses the national average of $256,170, indicating a robust demand and potentially higher value placed on specialized medical expertise within this metropolitan region. Local economic factors and the specific healthcare needs of the population likely contribute to this elevated compensation.
Executive Summary
- Average Salary: $332,780 per year.
- Growth Trend: Salaries have shifted 23.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $499,170.
- Outlook: With a local workforce of 2,640 Physicians, All Other, and a Location Quotient of 0.67, the Minneapolis-St. Paul area presents a market that is slightly less concentrated than the national average. While not an oversupply, this suggests a stable, albeit not exceptionally dense, demand for these professionals. The presence of a substantial workforce indicates established healthcare infrastructure capable of supporting these roles.
Salary Overview
The average Physicians, All Other in Minneapolis-St. Paul-Bloomington, MN-WI earns+29.9%above the national average.
$160
$6,400
$27,732
Physicians, All Other Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Physicians, All Other in Minneapolis-St. Paul have experienced consistent growth over the past four years, mirroring national trends in the healthcare sector. Factors such as increasing healthcare demand, advancements in medical technology, and inflation likely contribute to a positive salary trajectory for these highly skilled professionals.
Physicians, All Other Salary Distribution in Minneapolis-St. Paul-Bloomington, MN-WI
The career path for Physicians, All Other typically involves significant salary progression based on experience and specialization. Entry-level positions will naturally command lower salaries, while seasoned professionals with extensive experience and specialized skills can expect to reach the higher percentiles of the $332,780 average. The widening gap between entry-level and senior-level salaries signifies clear opportunities for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $75,730 | $36.4 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $249,585 | $120 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $332,779 | $160 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $415,975 | $200 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $499,170 | $240 |
Detailed Physicians, All Other Market Analysis
Relocation Context
Nominal Salary
$332,780
Gross Pay
Real Wage (Purchasing Power)
$332,780
Adjusted for COL (100)
The average annual salary of $332,780 in Minneapolis-St. Paul-Bloomington, MN-WI aligns perfectly with the local Cost of Living Index of 100, which represents the national average. 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 without the added pressure of a significantly higher cost of living.
Job Market Context
2,640
Total Jobs
1.366
Per 1K Jobs
0.67
Location Quotient
Minneapolis-St. Paul-Bloomington, MN-WI has 0.67x 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.
A Location Quotient of 0.67 for Physicians, All Other in Minneapolis-St. Paul suggests that the concentration of these professionals is slightly below the national average. This indicates that while the area has a solid presence of these medical experts, there may be opportunities for growth and less intense competition compared to more saturated national markets, potentially benefiting those seeking employment.
Nearby Job Markets
Nearby Cities for Physicians, All Other
| City | Salary | Dist. |
|---|---|---|
| Northwest Minnesota nonmetropolitan area Physicians, All Other Salary | $313,650↓ 6% | 58 mi |
| Southeast Minnesota nonmetropolitan area Physicians, All Other Salary | $345,390↑ 4% | 58 mi |
| Southwest Minnesota nonmetropolitan area Physicians, All Other Salary | $355,010↑ 7% | 58 mi |
| St. Cloud, MN Physicians, All Other Salary | $368,980↑ 11% | 59 mi |
Comparing salaries near Minneapolis-St. Paul-Bloomington, MN-WI
Hiring Physicians, All Others?
Frequently Asked Questions
How much does a Physicians, All Other make in Minneapolis-St. Paul-Bloomington, MN-WI?
The median annual salary for a Physicians, All Other in Minneapolis-St. Paul-Bloomington, MN-WI is $332,780. This typically ranges from $75,730 for entry-level positions to $499,170 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Minneapolis-St. Paul-Bloomington, MN-WI is 29.9% higher than the national median of $256,170.
Is Minneapolis-St. Paul-Bloomington, MN-WI a lucrative place for Physicians, All Other?
Yes, it is a lucrative location.Physicians, All Other earn significantly above the national average salary in Minneapolis-St. Paul, while maintaining a cost of living that matches the national average, indicating strong earning potential.
Is Minneapolis-St. Paul-Bloomington, MN-WI a good place to live for Physicians, All Others?
The Cost of Living Index in Minneapolis-St. Paul-Bloomington, MN-WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Minneapolis-St. Paul-Bloomington, MN-WI?
Some top paying nearby cities include Northwest Minnesota nonmetropolitan area ($313,650) and Southeast Minnesota nonmetropolitan area.
How does the Minneapolis-St. Paul salary compare to the national average for Physicians, All Other?
The average annual salary for Physicians, All Other in Minneapolis-St. Paul is $332,780, which is considerably higher than the national average of $256,170.
What is the job market like for Physicians, All Other in Minneapolis-St. Paul?
The job market is stable with a local workforce of 2,640 and a concentration slightly below the national average, suggesting consistent demand without extreme saturation.
Does the cost of living affect the value of a Physician's salary in Minneapolis-St. Paul?
No, the cost of living in Minneapolis-St. Paul is at the national average (100), meaning the higher salary offers equivalent or greater purchasing power compared to the national standard.
How many Physicians, All Other are employed in the Minneapolis-St. Paul area?
There are approximately 2,640 Physicians, All Other employed in the Minneapolis-St. Paul-Bloomington, MN-WI 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 2,640 employees in the Minneapolis-St. Paul-Bloomington, MN-WI area with a job density of 1.366 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Physicians, All Other Salaries by State
Top Jobs in Minneapolis-St. Paul-Bloomington, MN-WI
- All Occupations Salary in Minneapolis-St. Paul-Bloomington, MN-WI
- Office and Administrative Support Occupations Salary in Minneapolis-St. Paul-Bloomington, MN-WI
- Sales and Related Occupations Salary in Minneapolis-St. Paul-Bloomington, MN-WI
- Food Preparation and Serving Related Occupations Salary in Minneapolis-St. Paul-Bloomington, MN-WI
- Business and Financial Operations Occupations Salary in Minneapolis-St. Paul-Bloomington, MN-WI
- Transportation and Material Moving Occupations Salary in Minneapolis-St. Paul-Bloomington, MN-WI
- Management Occupations Salary in Minneapolis-St. Paul-Bloomington, MN-WI
- Production Occupations Salary in Minneapolis-St. Paul-Bloomington, MN-WI
- Healthcare Support Occupations Salary in Minneapolis-St. Paul-Bloomington, MN-WI
- Healthcare Practitioners and Technical Occupations Salary in Minneapolis-St. Paul-Bloomington, MN-WI
- Browse All Jobs in Minneapolis-St. Paul-Bloomington, MN-WI →
Semantic Salary Analysis for Physicians, All Other • Data source: BLS OEWS 2024 •Jobs in Minneapolis-St. Paul-Bloomington, MN-WI