Average Physicians, All Other Salary in Northern New Mexico nonmetropolitan area
Physicians, All Other in the Northern New Mexico nonmetropolitan area earn an impressive average annual salary of $261,110, surpassing the national average of $256,170. This elevated compensation is likely driven by the unique healthcare demands and potentially fewer available specialists in this nonmetropolitan region, creating a competitive environment for attracting and retaining medical talent.
Executive Summary
- Average Salary: $261,110 per year.
- Growth Trend: Salaries have shifted 7.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $391,665.
- Outlook: With a local workforce of 240 Physicians, All Other, and a Location Quotient of 1.42, the job market in Northern New Mexico nonmetropolitan area indicates a notable concentration of these professionals compared to the national average. This suggests a robust demand or a specialized healthcare ecosystem that supports a higher density of these roles, pointing towards a stable and potentially growing employment landscape for physicians in the region.
Salary Overview
The average Physicians, All Other in Northern New Mexico nonmetropolitan area earns+1.9%above the national average.
$125.5
$5,021
$21,759
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 Northern New Mexico nonmetropolitan area have experienced consistent growth over the past four years, mirroring national trends. Factors such as increasing healthcare needs, inflation, and advancements in medical practices typically contribute to upward salary adjustments in the healthcare sector.
Physicians, All Other Salary Distribution in Northern New Mexico nonmetropolitan area
Salary progression for Physicians, All Other typically scales significantly with experience. Entry-level physicians will generally earn at the lower end of the pay scale, while those with extensive experience, specialized skills, and leadership roles can command salaries well into the upper percentiles. The widening gap between entry-level and senior positions signifies clear career advancement opportunities and increased earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $125,830 | $60.5 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $195,833 | $94.2 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $261,102 | $125.5 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $326,388 | $156.9 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $391,665 | $188.3 |
Detailed Physicians, All Other Market Analysis
Relocation Context
Nominal Salary
$261,110
Gross Pay
Real Wage (Purchasing Power)
$261,110
Adjusted for COL (100)
The average annual salary of $261,110 in Northern New Mexico nonmetropolitan area aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a physician's salary in this region is equivalent to the national average, offering a stable financial outlook without the added burden of higher living expenses.
Job Market Context
240
Total Jobs
2.899
Per 1K Jobs
1.42
Location Quotient
With a location quotient of 1.42, Northern New Mexico nonmetropolitan area has a slightly higher-than-average concentration of Physicians, All Other roles compared to the national norm.
The Location Quotient of 1.42 for Physicians, All Other in Northern New Mexico nonmetropolitan area signifies a market where these professionals are 42% more concentrated than the national average. This suggests a strong demand for their services relative to the general workforce, potentially leading to more abundant job opportunities and a competitive edge for skilled physicians seeking employment in the area.
Nearby Job Markets
Nearby Cities for Physicians, All Other
| City | Salary | Dist. |
|---|---|---|
| Albuquerque, NM Physicians, All Other Salary | $304,780↑ 17% | 29 mi |
| Santa Fe, NM Physicians, All Other Salary | $261,930↑ 0% | 59 mi |
Comparing salaries near Northern New Mexico nonmetropolitan area
Hiring Physicians, All Others?
Frequently Asked Questions
How much does a Physicians, All Other make in Northern New Mexico nonmetropolitan area?
The median annual salary for a Physicians, All Other in Northern New Mexico nonmetropolitan area is $261,110. This typically ranges from $125,830 for entry-level positions to $391,665 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northern New Mexico nonmetropolitan area is 1.9% higher than the national median of $256,170.
Is Northern New Mexico nonmetropolitan area a lucrative place for Physicians, All Others?
Yes, it is a lucrative area for Physicians, All Other.The average salary of $261,110 significantly exceeds the national average, and with a cost of living at the national average, physicians enjoy strong purchasing power.
Is Northern New Mexico nonmetropolitan area a good place to live for Physicians, All Others?
The Cost of Living Index in Northern New Mexico nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northern New Mexico nonmetropolitan area?
Some top paying nearby cities include Albuquerque, NM ($304,780) and Santa Fe, NM.
How does the local physician salary compare to the national average?
Physicians, All Other in Northern New Mexico nonmetropolitan area earn an average of $261,110 annually, which is higher than the national average of $256,170.
What is the cost of living in Northern New Mexico nonmetropolitan area?
The cost of living index in Northern New Mexico nonmetropolitan area is 100, which is exactly the national average.
How concentrated are Physicians, All Other in this region?
The concentration, measured by the Location Quotient, is 1.42, indicating that Physicians, All Other are 42% more prevalent in this region than the national average.
What does the total local workforce size imply for job opportunities?
A local workforce of 240 suggests a stable, albeit not massive, market for Physicians, All Other, with opportunities likely tied to the region's specific healthcare needs.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 240 employees in the Northern New Mexico nonmetropolitan area area with a job density of 2.899 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 Northern New Mexico nonmetropolitan area