Average Physicians, All Other Salary in Southern Indiana nonmetropolitan area
Physicians, All Other in Southern Indiana's nonmetropolitan area command an impressive average annual salary of $311,070, significantly surpassing the national average of $256,170. This elevated compensation is likely driven by the specialized nature of medical services in regions with a lower physician-to-patient ratio and potentially higher demand for comprehensive healthcare expertise.
Executive Summary
- Average Salary: $311,070 per year.
- Growth Trend: Salaries have shifted 20.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $466,605.
- Outlook: The local job market for Physicians, All Other in this Southern Indiana nonmetropolitan area, while having a total workforce of 270, indicates a specialized demand. The Location Quotient of 0.68 suggests that while not as concentrated as the national average, the presence of these roles is integral to the local healthcare infrastructure, pointing towards a stable, albeit niche, job market.
Salary Overview
The average Physicians, All Other in Southern Indiana nonmetropolitan area earns+21.4%above the national average.
$149.6
$5,982
$25,923
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 have experienced steady growth over the past four years, mirroring national trends in healthcare compensation. Factors such as increasing healthcare needs, physician shortages in rural areas, and inflation likely contribute to an upward trajectory in earnings.
Physicians, All Other Salary Distribution in Southern Indiana nonmetropolitan area
The salary spectrum for Physicians, All Other typically widens considerably with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive expertise and specialized skills can command salaries in the upper percentiles. The gap between entry-level and senior roles signifies substantial career progression and earning potential within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $172,030 | $82.7 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $233,303 | $112.2 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $311,064 | $149.6 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $388,838 | $186.9 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $466,605 | $224.3 |
Detailed Physicians, All Other Market Analysis
Relocation Context
Nominal Salary
$311,070
Gross Pay
Real Wage (Purchasing Power)
$311,070
Adjusted for COL (100)
A nominal salary of $311,070 in Southern Indiana's nonmetropolitan area is particularly advantageous given the local Cost of Living Index is at the national average of 100. This means that the purchasing power of physicians' earnings is strong, allowing for a comfortable lifestyle without the added financial strain often associated with higher cost-of-living regions.
Job Market Context
270
Total Jobs
1.391
Per 1K Jobs
0.68
Location Quotient
Southern Indiana nonmetropolitan area has 0.68x 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.
The Location Quotient of 0.68 for Physicians, All Other in this Southern Indiana nonmetropolitan area suggests that the concentration of these professionals is below the national average. This indicates a potentially less competitive market from the physician's perspective, implying that demand may outweigh the local supply, which can contribute to higher compensation.
Nearby Job Markets
Nearby Cities for Physicians, All Other
| City | Salary | Dist. |
|---|---|---|
| Indianapolis-Carmel-Greenwood, IN Physicians, All Other Salary | $322,240↑ 4% | 8 mi |
| Columbus, IN Physicians, All Other Salary | $262,480↓ 16% | 48 mi |
| Bloomington, IN Physicians, All Other Salary | $297,450↓ 4% | 49 mi |
| Lafayette-West Lafayette, IN Physicians, All Other Salary | $262,740↓ 16% | 50 mi |
Comparing salaries near Southern Indiana nonmetropolitan area
Hiring Physicians, All Others?
Frequently Asked Questions
How much does a Physicians, All Other make in Southern Indiana nonmetropolitan area?
The median annual salary for a Physicians, All Other in Southern Indiana nonmetropolitan area is $311,070. This typically ranges from $172,030 for entry-level positions to $466,605 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Southern Indiana nonmetropolitan area is 21.4% higher than the national median of $256,170.
Is Southern Indiana nonmetropolitan area a lucrative place for Physicians, All Others?
Yes, it is a lucrative place for Physicians, All Others.The average salary of $311,070 significantly exceeds the national average, and the cost of living is at the national average, enhancing purchasing power.
Is Southern Indiana nonmetropolitan area a good place to live for Physicians, All Others?
The Cost of Living Index in Southern Indiana nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Southern Indiana nonmetropolitan area?
Some top paying nearby cities include Indianapolis-Carmel-Greenwood, IN ($322,240) and Columbus, IN.
How does the local physician salary compare to the national average?
Physicians, All Other in Southern Indiana's nonmetropolitan area earn an average of $311,070 annually, which is considerably higher than the national average of $256,170.
What is the concentration of Physicians, All Other in this region?
The Location Quotient is 0.68, meaning the concentration of these professionals is lower than the national average, suggesting a potentially higher demand relative to supply.
How does the cost of living affect the physician's salary?
With a Cost of Living Index of 100, the purchasing power of the $311,070 salary is equivalent to the national average, making it a strong financial proposition.
What is the total number of Physicians, All Other in this area?
There are approximately 270 Physicians, All Other employed in this Southern Indiana nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 270 employees in the Southern Indiana nonmetropolitan area area with a job density of 1.391 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 Southern Indiana nonmetropolitan area