Average Physicians, All Other Salary in Raleigh-Cary, NC
Physicians, All Other in the Raleigh-Cary, NC area command an impressive average annual salary of $293,040, significantly exceeding the national average of $256,170. This elevated compensation is often driven by the specialized nature of medical services, the demand for skilled practitioners in growing metropolitan areas, and the specific economic factors influencing healthcare provision within the Research Triangle region.
Executive Summary
- Average Salary: $293,040 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $439,560.
- Outlook: The Raleigh-Cary metropolitan area supports a local workforce of 1,330 Physicians, All Other, with a jobs-per-1,000-workers ratio of 1.832. While the Location Quotient of 0.9 suggests a slightly lower concentration compared to the national average, the substantial workforce size indicates a robust and active job market for these professionals.
Salary Overview
The average Physicians, All Other in Raleigh-Cary, NC earns+14.4%above the national average.
$140.9
$5,635
$24,420
Physicians, All Other Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the demand for physicians in a growing metropolitan area like Raleigh-Cary has led to consistent salary growth over the past four years, mirroring national trends in the healthcare sector. Factors such as increasing healthcare needs, technological advancements, and physician shortages likely contribute to upward pressure on compensation.
Physicians, All Other Salary Distribution in Raleigh-Cary, NC
Salary progression for Physicians, All Other typically scales significantly with experience. Entry-level positions will naturally command lower salaries, while seasoned professionals with extensive expertise and specialized skills can expect to reach the higher percentiles of the $293,040 average. The widening gap between entry-level and senior roles reflects substantial career advancement and increased earning potential over time.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $114,080 | $54.8 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $219,780 | $105.7 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $293,030 | $140.9 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $366,300 | $176.1 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $439,560 | $211.3 |
Detailed Physicians, All Other Market Analysis
Relocation Context
Nominal Salary
$293,040
Gross Pay
Real Wage (Purchasing Power)
$293,040
Adjusted for COL (100)
The average annual salary of $293,040 in Raleigh-Cary, NC 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 area is equivalent to the national average, offering a stable financial environment without significant cost-of-living-related deductions from their high nominal earnings.
Job Market Context
1,330
Total Jobs
1.832
Per 1K Jobs
0.9
Location Quotient
Raleigh-Cary, NC has 0.90x 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 0.9, the Raleigh-Cary area has a slightly lower concentration of Physicians, All Other compared to the national average. This indicates that while the profession is well-represented, the market is not oversaturated, suggesting a healthy balance between supply and demand that can support competitive compensation for qualified individuals.
Nearby Job Markets
Nearby Cities for Physicians, All Other
| City | Salary | Dist. |
|---|---|---|
| Durham-Chapel Hill, NC Physicians, All Other Salary | $145,460↓ 50% | 18 mi |
| Rocky Mount, NC Physicians, All Other Salary | $302,400↑ 3% | 48 mi |
| Goldsboro, NC Physicians, All Other Salary | $328,170↑ 12% | 49 mi |
| Burlington, NC Physicians, All Other Salary | $248,070↓ 15% | 49 mi |
| Fayetteville, NC Physicians, All Other Salary | $387,990↑ 32% | 55 mi |
Comparing salaries near Raleigh-Cary, NC
Hiring Physicians, All Others?
Frequently Asked Questions
How much does a Physicians, All Other make in Raleigh-Cary, NC?
The median annual salary for a Physicians, All Other in Raleigh-Cary, NC is $293,040. This typically ranges from $114,080 for entry-level positions to $439,560 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Raleigh-Cary, NC is 14.4% higher than the national median of $256,170.
Is Raleigh-Cary, NC a lucrative place for Physicians, All Other?
Yes, Raleigh-Cary, NC is a lucrative location for Physicians, All Other.Physicians here earn approximately $37,000 more than the national average, and the local cost of living is on par with the national average, enhancing the value of their high salaries.
Is Raleigh-Cary, NC a good place to live for Physicians, All Others?
The Cost of Living Index in Raleigh-Cary, NC is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Raleigh-Cary, NC?
Some top paying nearby cities include Durham-Chapel Hill, NC ($145,460) and Rocky Mount, NC.
How does the Raleigh-Cary physician salary compare to the national average?
Physicians in Raleigh-Cary, NC earn an average of $293,040 annually, which is notably higher than the national average of $256,170.
What is the job market like for Physicians, All Other in Raleigh-Cary?
The job market is robust, with 1,330 professionals in the field and a jobs-per-1,000-workers ratio of 1.832, indicating consistent demand.
Does the cost of living affect the physician salary in Raleigh-Cary?
No, the cost of living in Raleigh-Cary is exactly at the national average (100), meaning the higher salary translates directly to strong purchasing power.
Is Raleigh-Cary a concentrated area for Physicians, All Other?
The concentration (Location Quotient) is 0.9, slightly below the national average, suggesting a balanced market rather than an oversupply of physicians.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,330 employees in the Raleigh-Cary, NC area with a job density of 1.832 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 Raleigh-Cary, NC