Average Physicians, All Other Salary in South Central Kentucky nonmetropolitan area
Physicians in the South Central Kentucky nonmetropolitan area earn an impressive average annual salary of $280,450, significantly outpacing the national average of $256,170. This elevated compensation reflects the critical demand for specialized medical professionals in regions where access to healthcare talent may be more limited, necessitating competitive pay to attract and retain skilled physicians.
Executive Summary
- Average Salary: $280,450 per year.
- Growth Trend: Salaries have shifted 41.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $420,675.
- Outlook: With a local workforce of 240 Physicians, All Other, and a concentration (Location Quotient) of 0.69, the job market in South Central Kentucky indicates a stable but less concentrated presence compared to national averages. While not an oversupply, the demand appears consistent, suggesting a steady environment for physicians seeking opportunities in this region.
Salary Overview
The average Physicians, All Other in South Central Kentucky nonmetropolitan area earns+9.5%above the national average.
$134.8
$5,393
$23,371
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 nonmetropolitan areas like South Central Kentucky have experienced consistent growth over the past four years. This trend is generally driven by increasing healthcare needs, evolving medical technologies, and the ongoing efforts to ensure adequate physician staffing in diverse geographic locations.
Physicians, All Other Salary Distribution in South Central Kentucky nonmetropolitan area
The salary spectrum for Physicians, All Other in South Central Kentucky likely shows significant variation based on experience. Entry-level physicians can expect compensation towards the lower percentiles, while seasoned professionals with extensive experience and specialized skills will command salaries at the higher end. The gap between these percentiles represents a clear career progression path and the increasing value placed on expertise and tenure.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $85,460 | $41.1 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $210,338 | $101.1 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $280,446 | $134.8 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $350,563 | $168.5 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $420,675 | $202.2 |
Detailed Physicians, All Other Market Analysis
Relocation Context
Nominal Salary
$280,450
Gross Pay
Real Wage (Purchasing Power)
$280,450
Adjusted for COL (100)
The average annual salary of $280,450 in South Central Kentucky presents a highly favorable financial situation, especially when juxtaposed with a Cost of Living Index of 100, which is precisely the national average. This means that physicians earning in this region will find their nominal income translates directly to purchasing power, allowing for a comfortable lifestyle without the added financial strain of a higher cost of living.
Job Market Context
240
Total Jobs
1.417
Per 1K Jobs
0.69
Location Quotient
South Central Kentucky nonmetropolitan area has 0.69x 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.
A Location Quotient of 0.69 for Physicians, All Other in South Central Kentucky suggests that this profession is less concentrated in this nonmetropolitan area compared to the national average. This indicates a potential scarcity of these specialists relative to the general workforce, which can translate into stronger negotiating power for physicians seeking employment and potentially higher compensation to attract talent to the region.
Nearby Job Markets
Nearby Cities for Physicians, All Other
| City | Salary | Dist. |
|---|---|---|
| Lexington-Fayette, KY Physicians, All Other Salary | $279,820↓ 0% | 28 mi |
| Louisville/Jefferson County, KY-IN Physicians, All Other Salary | $285,430↑ 2% | 72 mi |
| Cincinnati, OH-KY-IN Physicians, All Other Salary | $285,750↑ 2% | 100 mi |
Comparing salaries near South Central Kentucky nonmetropolitan area
Hiring Physicians, All Others?
Frequently Asked Questions
How much does a Physicians, All Other make in South Central Kentucky nonmetropolitan area?
The median annual salary for a Physicians, All Other in South Central Kentucky nonmetropolitan area is $280,450. This typically ranges from $85,460 for entry-level positions to $420,675 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in South Central Kentucky nonmetropolitan area is 9.5% higher than the national median of $256,170.
Is South Central Kentucky nonmetropolitan area a lucrative place for Physicians, All Others?
Yes, it is a lucrative area for Physicians, All Other.Physicians here earn significantly above the national average salary, and with a cost of living at the national average, their purchasing power is enhanced.
Is South Central Kentucky nonmetropolitan area a good place to live for Physicians, All Others?
The Cost of Living Index in South Central Kentucky nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near South Central Kentucky nonmetropolitan area?
Some top paying nearby cities include Lexington-Fayette, KY ($279,820) and Louisville/Jefferson County, KY-IN.
How does the local physician workforce compare to the national average?
The concentration of Physicians, All Other in South Central Kentucky is lower than the national average, with a Location Quotient of 0.69, suggesting fewer specialists per capita.
What is the total number of Physicians, All Other in this region?
There are approximately 240 Physicians, All Other employed in the South Central Kentucky nonmetropolitan area.
Does the cost of living affect the value of a physician's salary in South Central Kentucky?
No, the cost of living in South Central Kentucky is exactly at the national average (100), meaning the high salary translates directly to strong purchasing power without being eroded by higher living expenses.
Are there many job opportunities for Physicians, All Other in this area?
While the concentration is lower, the number of jobs per 1,000 workers (1.417) indicates a consistent demand for physicians, suggesting a healthy job market for those looking to practice in the region.
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 South Central Kentucky nonmetropolitan area area with a job density of 1.417 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 South Central Kentucky nonmetropolitan area