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Average Physicians, All Other Salary in New Haven, CT

Physicians, All Other in New Haven, CT earn an average annual salary of $160,510. This figure is notably lower than the national average of $256,170, suggesting that local market dynamics, such as demand, cost of doing business, or specific healthcare needs within the region, play a significant role in compensation levels.

Executive Summary

  • Average Salary: $160,510 per year.
  • Growth Trend: Salaries have shifted 28.1% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $240,765.
  • Outlook: With a local workforce of 1,960 Physicians, All Other, New Haven presents a substantial concentration of these professionals, indicated by a Location Quotient of 3.38. This high concentration suggests a robust demand or a well-established presence of these roles within the city's economy, implying a stable job market for this profession.
2024 Market Data

Salary Overview

$160,510

The average Physicians, All Other in New Haven, CT earns-37.3%below the national average.

BreakdownBased on 40h/week
Hourly

$77.2

Weekly

$3,087

Monthly

$13,376

Physicians, All Other Salary Distribution in New Haven, CT

Salary progression for Physicians, All Other typically scales significantly with experience. Entry-level practitioners may start at a lower percentile, while seasoned professionals with specialized skills and extensive experience can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies substantial career growth and earning potential within this field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$82,640$39.7
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$120,383$57.9
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$95,080$45.7
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$200,638$96.5
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$240,765$115.8

Detailed Physicians, All Other Market Analysis

Relocation Context

Nominal Salary

$160,510

Gross Pay

Real Wage (Purchasing Power)

$160,510

Adjusted for COL (100)

The average annual salary of $160,510 in New Haven, CT aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a physician's salary in New Haven is equivalent to the national average, making it neither exceptionally expensive nor remarkably affordable from a cost-of-living perspective.

Job Market Context

1,960

Total Jobs

6.921

Per 1K Jobs

3.38

Location Quotient

Major Hub

New Haven, CT has 3.4x 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.

The Location Quotient of 3.38 for Physicians, All Other in New Haven, CT indicates a significantly higher concentration of these professionals compared to the national average. This suggests that the job market is relatively abundant with these specialists, potentially leading to a competitive environment for new entrants but also indicating a strong ecosystem of healthcare services.

Nearby Job Markets

Hiring Physicians, All Others?

Frequently Asked Questions

How much does a Physicians, All Other make in New Haven, CT?

The median annual salary for a Physicians, All Other in New Haven, CT is $160,510. This typically ranges from $82,640 for entry-level positions to $240,765 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in New Haven, CT is 37.3% lower than the national median of $256,170.

Is New Haven, CT a lucrative place for Physicians, All Others?

No, not compared to the national average.While the average salary of $160,510 is substantial, it falls considerably short of the national average. However, the cost of living is on par with the national average, making the effective purchasing power comparable.

Is New Haven, CT a good place to live for Physicians, All Others?

The Cost of Living Index in New Haven, CT is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near New Haven, CT?

Some top paying nearby cities include Bridgeport-Stamford-Danbury, CT ($332,210) and Waterbury-Shelton, CT.

How does the number of jobs per 1,000 workers compare nationally?

With 6.921 jobs per 1,000 workers, New Haven has a higher density of Physicians, All Other compared to the national average, reinforcing the high Location Quotient.

What is the significance of the Location Quotient (LQ) of 3.38?

An LQ of 3.38 means that Physicians, All Other are employed in New Haven at a rate 3.38 times higher than the national average, indicating a strong local specialization or demand.

How does the cost of living in New Haven affect salary perception?

With a Cost of Living Index of 100, New Haven's cost of living is average. Therefore, the $160,510 salary offers average purchasing power relative to the rest of the country.

What does the total local workforce size of 1,960 imply?

A workforce of 1,960 indicates a significant number of Physicians, All Other are employed locally, suggesting a well-developed healthcare sector and potential for diverse career opportunities within the city.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,960 employees in the New Haven, CT area with a job density of 6.921 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.