Average Physicians, All Other Salary in Minnesota
Physicians, All Other in Minnesota command an impressive average annual salary of $323,830, significantly surpassing the national average of $256,170. This elevated compensation reflects a combination of factors unique to the state, potentially including specialized healthcare needs, a highly educated workforce, and robust healthcare infrastructure that drives demand for experienced medical professionals.
Executive Summary
- Average Salary: $323,830 per year.
- Growth Trend: Salaries have shifted 19.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $485,745.
- Outlook: The job market for Physicians, All Other in Minnesota appears stable, with a local workforce of 4,380 individuals. While the Location Quotient of 0.73 suggests a slightly lower concentration compared to the national average, the presence of nearly 4,400 professionals indicates a substantial and established presence within the state's healthcare sector, implying consistent demand for these specialized roles.
Salary Overview
The average Physicians, All Other in Minnesota earns+26.4%above the national average.
$155.7
$6,228
$26,986
Physicians, All Other Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the average annual salary for Physicians, All Other in Minnesota has experienced steady growth over the past four years, mirroring national trends in the healthcare industry. Factors such as increasing healthcare demands, advancements in medical technology, and inflation likely contribute to an upward trajectory in compensation for these vital professionals.
Physicians, All Other Salary Distribution in Minnesota
The career trajectory for Physicians, All Other in Minnesota typically shows a significant salary increase with experience. Entry-level positions might start at a lower percentile, but as professionals gain years of practice, specialization, and potentially leadership roles, their earnings can ascend to the higher percentiles. The widening gap between entry-level and senior-level salaries underscores the value placed on accumulated expertise and responsibility within the medical field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $75,640 | $36.4 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $242,873 | $116.8 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $323,835 | $155.7 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $404,788 | $194.6 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $485,745 | $233.5 |
Detailed Physicians, All Other Market Analysis
Relocation Context
Nominal Salary
$323,830
Gross Pay
Real Wage (Purchasing Power)
$343,040
Adjusted for COL (94.4)
The nominal average annual salary of $323,830 in Minnesota presents a highly favorable financial picture when considered against the local Cost of Living Index of 94.4. This index is below the national average of 100, meaning that the purchasing power of a physician's salary in Minnesota is likely greater than in many other parts of the country, offering a strong standard of living.
Job Market Context
4,380
Total Jobs
1.498
Per 1K Jobs
0.73
Location Quotient
Minnesota has 0.73x 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 0.73, Minnesota has a slightly lower concentration of Physicians, All Other compared to the national average. This suggests that while the state has a solid base of these professionals, the market may not be oversaturated. This could translate to a competitive but potentially rewarding environment for new entrants or those looking to relocate, as demand might be steady without excessive competition.
Nearby Job Markets
Nearby Cities for Physicians, All Other
| City | Salary | Dist. |
|---|---|---|
| St. Cloud, MN Physicians, All Other Salary | $368,980↑ 14% | 17 mi |
| Minneapolis-St. Paul-Bloomington, MN-WI Physicians, All Other Salary | $332,780↑ 3% | 58 mi |
Comparing salaries near Minnesota
Hiring Physicians, All Others?
Frequently Asked Questions
How much does a Physicians, All Other make in Minnesota?
The median annual salary for a Physicians, All Other in Minnesota is $323,830. This typically ranges from $75,640 for entry-level positions to $485,745 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Minnesota is 26.4% higher than the national median of $256,170.
Is Minnesota a lucrative place for Physicians, All Other?
Yes, Minnesota is a highly lucrative place for Physicians, All Other.The average annual salary of $323,830 significantly exceeds the national average, and the cost of living is below the national average, enhancing purchasing power.
Is Minnesota a good place to live for Physicians, All Others?
With a Cost of Living Index of 94.4 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near Minnesota?
Some top paying nearby cities include St. Cloud, MN ($368,980) and Minneapolis-St. Paul-Bloomington, MN-WI.
How does Minnesota's physician salary compare nationally?
Physicians, All Other in Minnesota earn an average of $323,830 annually, which is considerably higher than the national average of $256,170.
What is the cost of living in Minnesota for physicians?
Minnesota's cost of living index is 94.4, which is below the national average of 100, making the high physician salaries offer excellent purchasing power.
How concentrated is the physician workforce in Minnesota?
The Location Quotient of 0.73 indicates that while physicians are present, they are slightly less concentrated in Minnesota compared to the national average, suggesting a stable job market.
What is the total number of Physicians, All Other in Minnesota?
There are approximately 4,380 Physicians, All Other employed in Minnesota, representing a significant segment of the state's healthcare workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,380 employees in the Minnesota area with a job density of 1.498 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 Minnesota