Average Physicians, All Other Salary in Toledo, OH
Physicians, All Other in Toledo, OH earn an average annual salary of $204,950. This figure is notably below the national average of $256,170, suggesting that local economic factors, demand, and the specific healthcare landscape in Toledo contribute to this compensation level. Understanding these localized dynamics is crucial for assessing career opportunities in the region.
Executive Summary
- Average Salary: $204,950 per year.
- Growth Trend: Salaries have shifted 19.6% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $307,425.
- Outlook: With a local workforce of 1,700 Physicians, All Other, Toledo presents a significant concentration of these professionals, as indicated by a Location Quotient of 2.86. This high concentration suggests a robust demand for physicians in the area, potentially driven by a growing population or specialized healthcare needs, making it a stable market for medical practitioners.
Salary Overview
The average Physicians, All Other in Toledo, OH earns-20.0%below the national average.
$98.5
$3,941
$17,079
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 Toledo, OH have experienced consistent growth over the past four years, mirroring national trends. Factors such as inflation, increasing healthcare demands, and advancements in medical practices typically drive upward salary adjustments in specialized fields like medicine.
Physicians, All Other Salary Distribution in Toledo, OH
The salary progression for Physicians, All Other in Toledo, OH typically scales significantly 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 higher percentiles. These percentile gaps clearly signify substantial career progression and earning potential throughout a physician's career.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $63,790 | $30.7 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $153,713 | $73.9 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $70,650 | $34 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $256,188 | $123.2 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $307,425 | $147.8 |
Detailed Physicians, All Other Market Analysis
Relocation Context
Nominal Salary
$204,950
Gross Pay
Real Wage (Purchasing Power)
$204,950
Adjusted for COL (100)
The nominal average annual salary of $204,950 in Toledo, OH, aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a physician's salary in Toledo is equivalent to the national average, offering a stable financial environment for residents without the added burden of higher living expenses.
Job Market Context
1,700
Total Jobs
5.843
Per 1K Jobs
2.86
Location Quotient
Toledo, OH has 2.9x the national concentration of Physicians, All Other jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
Toledo's Location Quotient of 2.86 for Physicians, All Other indicates a market that is significantly more concentrated than the national average. This suggests a strong local demand and a well-established presence of these medical professionals, potentially leading to competitive opportunities for both new entrants and experienced physicians.
Nearby Job Markets
Nearby Cities for Physicians, All Other
| City | Salary | Dist. |
|---|---|---|
| Monroe, MI Physicians, All Other Salary | $189,760↓ 7% | 20 mi |
| Ann Arbor, MI Physicians, All Other Salary | $244,610↑ 19% | 43 mi |
| Sandusky, OH Physicians, All Other Salary | $268,940↑ 31% | 48 mi |
| Detroit-Warren-Dearborn, MI Physicians, All Other Salary | $166,070↓ 19% | 54 mi |
Comparing salaries near Toledo, OH
Hiring Physicians, All Others?
Frequently Asked Questions
How much does a Physicians, All Other make in Toledo, OH?
The median annual salary for a Physicians, All Other in Toledo, OH is $204,950. This typically ranges from $63,790 for entry-level positions to $307,425 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Toledo, OH is 20.0% lower than the national median of $256,170.
Is Toledo, OH a lucrative place for Physicians, All Other?
Yes, with a caveat regarding the national average.Yes, Toledo offers a competitive salary of $204,950, which aligns with the national average cost of living. While below the national average salary, the local market shows strong concentration and demand for physicians.
Is Toledo, OH a good place to live for Physicians, All Others?
The Cost of Living Index in Toledo, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Toledo, OH?
Some top paying nearby cities include Monroe, MI ($189,760) and Ann Arbor, MI.
How does Toledo's physician salary compare to the national average?
Physicians, All Other in Toledo, OH earn an average of $204,950 annually, which is below the national average of $256,170. However, this is balanced by a cost of living index that matches the national average.
What is the concentration of physicians in Toledo, OH?
Toledo has a high concentration of Physicians, All Other, with a Location Quotient of 2.86, significantly exceeding the national average. This indicates a strong local presence and demand for these professionals.
How many physicians are employed in Toledo, OH?
There are approximately 1,700 Physicians, All Other employed in Toledo, OH, representing 5.843 jobs per 1,000 workers in the local workforce.
What does the cost of living in Toledo, OH mean for a physician's salary?
With a Cost of Living Index of 100, Toledo's living expenses are on par with the national average. This means the $204,950 average salary for physicians has equivalent purchasing power to the national average salary.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,700 employees in the Toledo, OH area with a job density of 5.843 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 Toledo, OH