Average Physicians, All Other Salary in Saginaw, MI
Physicians, All Other in Saginaw, MI earn an average annual salary of $250,530. This figure is slightly below the national average of $256,170, suggesting a localized compensation structure influenced by regional economic factors and demand within the Saginaw area. The specific needs and physician-to-patient ratios in Michigan's Great Lakes Bay Region likely play a role in setting this pay scale.
Executive Summary
- Average Salary: $250,530 per year.
- Growth Trend: Salaries have shifted 7.8% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $375,795.
- Outlook: Saginaw, MI supports a local workforce of 240 Physicians, All Other, indicating a stable, albeit niche, employment landscape. With a Location Quotient of 1.46, this profession is more concentrated in Saginaw than the national average, suggesting a consistent demand for these specialized medical professionals within the region.
Salary Overview
The average Physicians, All Other in Saginaw, MI earns-2.2%below the national average.
$120.5
$4,818
$20,878
Physicians, All Other Salary Trends (2020-2024)
While specific historical data for Saginaw is not provided, it is reasonable to assume that salaries for Physicians, All Other in Saginaw have experienced growth over the past four years, mirroring national trends. Factors such as increasing healthcare demands, inflation, and advancements in medical practices typically drive upward salary adjustments for physicians.
Physicians, All Other Salary Distribution in Saginaw, MI
The salary progression for Physicians, All Other in Saginaw, MI, like elsewhere, is significantly influenced by experience. Entry-level physicians can expect to earn at the lower end of the pay scale, while seasoned professionals with specialized skills and extensive experience will command higher salaries, often reaching into the upper percentiles. The gap between entry-level and senior positions signifies substantial career growth potential and increased earning capacity.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $67,630 | $32.5 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $187,898 | $90.3 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $250,536 | $120.5 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $313,163 | $150.6 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $375,795 | $180.7 |
Detailed Physicians, All Other Market Analysis
Relocation Context
Nominal Salary
$250,530
Gross Pay
Real Wage (Purchasing Power)
$250,530
Adjusted for COL (100)
The average annual salary of $250,530 in Saginaw, MI, aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a physician's salary in Saginaw is equivalent to the national average, offering a stable financial standing without the premium often associated with higher cost-of-living areas.
Job Market Context
240
Total Jobs
2.993
Per 1K Jobs
1.46
Location Quotient
With a location quotient of 1.46, Saginaw, MI has a slightly higher-than-average concentration of Physicians, All Other roles compared to the national norm.
A Location Quotient of 1.46 signifies that Physicians, All Other are more concentrated in Saginaw, MI, compared to the national average. This indicates a stronger local demand or a more established presence of these professionals in the area, suggesting a relatively robust job market for this specialty within Saginaw.
Nearby Job Markets
Nearby Cities for Physicians, All Other
| City | Salary | Dist. |
|---|---|---|
| Mid Michigan nonmetropolitan area Physicians, All Other Salary | $312,790↑ 25% | 30 mi |
| Southern Michigan nonmetropolitan area Physicians, All Other Salary | $260,420↑ 4% | 30 mi |
| Northern Michigan nonmetropolitan area Physicians, All Other Salary | $230,610↓ 8% | 30 mi |
Comparing salaries near Saginaw, MI
Hiring Physicians, All Others?
Frequently Asked Questions
How much does a Physicians, All Other make in Saginaw, MI?
The median annual salary for a Physicians, All Other in Saginaw, MI is $250,530. This typically ranges from $67,630 for entry-level positions to $375,795 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Saginaw, MI is 2.2% lower than the national median of $256,170.
Is Saginaw, MI a lucrative place for Physicians, All Other?
Yes, with caveats.Saginaw, MI offers a competitive salary of $250,530, which holds strong purchasing power due to the national average cost of living. The higher concentration of these roles (LQ 1.46) suggests consistent regional demand.
Is Saginaw, MI a good place to live for Physicians, All Others?
The Cost of Living Index in Saginaw, MI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Saginaw, MI?
Some top paying nearby cities include Mid Michigan nonmetropolitan area ($312,790) and Southern Michigan nonmetropolitan area.
How does the Saginaw physician salary compare to the national average?
Physicians, All Other in Saginaw, MI earn an average of $250,530 annually, which is slightly less than the national average of $256,170.
What is the cost of living in Saginaw, MI for physicians?
Saginaw, MI has a cost of living index of 100, which is exactly the national average, making the $250,530 salary comparable in purchasing power to the national median.
Is there high demand for physicians in Saginaw, MI?
The Location Quotient of 1.46 suggests a higher concentration of Physicians, All Other in Saginaw than the national average, indicating a notable local demand for these professionals.
How many physicians are employed in Saginaw, MI?
There are approximately 240 Physicians, All Other employed within the Saginaw, MI workforce.
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 Saginaw, MI area with a job density of 2.993 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 Saginaw, MI
- All Occupations Salary in Saginaw, MI
- Office and Administrative Support Occupations Salary in Saginaw, MI
- Sales and Related Occupations Salary in Saginaw, MI
- Food Preparation and Serving Related Occupations Salary in Saginaw, MI
- Production Occupations Salary in Saginaw, MI
- Healthcare Practitioners and Technical Occupations Salary in Saginaw, MI
- Transportation and Material Moving Occupations Salary in Saginaw, MI
- Management Occupations Salary in Saginaw, MI
- Healthcare Support Occupations Salary in Saginaw, MI
- Business and Financial Operations Occupations Salary in Saginaw, MI
- Browse All Jobs in Saginaw, MI →
Semantic Salary Analysis for Physicians, All Other • Data source: BLS OEWS 2024 •Jobs in Saginaw, MI