Average Physicians, All Other Salary in Trenton-Princeton, NJ
Physicians, All Other in the Trenton-Princeton, NJ area earn an average annual salary of $246,560. This figure is slightly below the national average of $256,170, suggesting that while compensation is robust, it may be influenced by specific local market dynamics and demand within this particular metropolitan region.
Executive Summary
- Average Salary: $246,560 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $369,840.
- Outlook: With a local workforce of 230 Physicians, All Other, and a Location Quotient of 0.47, the job market in Trenton-Princeton, NJ, indicates a specialized but not overly concentrated demand for these professionals. The number of jobs per 1,000 workers (0.965) suggests a stable, albeit not exceptionally high, level of employment opportunities, pointing to a consistent need for these specialized medical roles.
Salary Overview
The average Physicians, All Other in Trenton-Princeton, NJ earns-3.8%below the national average.
$118.5
$4,742
$20,547
Physicians, All Other Salary Trends (2020-2024)
While specific historical data for this niche role in Trenton-Princeton is not provided, it is generally assumed that the healthcare sector, including specialized physicians, has experienced consistent salary growth over the past four years. Factors such as increasing healthcare demands, advancements in medical technology, and inflation typically contribute to upward salary trends for medical professionals.
Physicians, All Other Salary Distribution in Trenton-Princeton, NJ
Salary progression for Physicians, All Other in Trenton-Princeton, NJ, 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 well into the higher percentiles. The gap between entry-level and senior roles signifies substantial career growth and increased earning potential over time.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $76,290 | $36.7 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $184,920 | $88.9 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $246,563 | $118.5 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $308,200 | $148.2 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $369,840 | $177.8 |
Detailed Physicians, All Other Market Analysis
Relocation Context
Nominal Salary
$246,560
Gross Pay
Real Wage (Purchasing Power)
$246,560
Adjusted for COL (100)
The nominal average annual salary of $246,560 in Trenton-Princeton, NJ, 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 comparable to the national average, offering a stable financial environment without significant cost-of-living advantages or disadvantages.
Job Market Context
230
Total Jobs
0.965
Per 1K Jobs
0.47
Location Quotient
At 0.47x, Trenton-Princeton, NJ has a notably lower concentration of Physicians, All Other jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.47 for Physicians, All Other in Trenton-Princeton, NJ, indicates that this profession is less concentrated in the local area compared to the national average. This suggests that while there is a presence of these specialists, the market is not saturated, potentially offering good opportunities for those entering or seeking to advance their careers in this region.
Nearby Job Markets
Nearby Cities for Physicians, All Other
| City | Salary | Dist. |
|---|---|---|
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Physicians, All Other Salary | $216,280↓ 12% | 28 mi |
| Allentown-Bethlehem-Easton, PA-NJ Physicians, All Other Salary | $229,280↓ 7% | 45 mi |
| New York-Newark-Jersey City, NY-NJ Physicians, All Other Salary | $260,160↑ 6% | 52 mi |
| Atlantic City-Hammonton, NJ Physicians, All Other Salary | $262,330↑ 6% | 61 mi |
Comparing salaries near Trenton-Princeton, NJ
Hiring Physicians, All Others?
Frequently Asked Questions
How much does a Physicians, All Other make in Trenton-Princeton, NJ?
The median annual salary for a Physicians, All Other in Trenton-Princeton, NJ is $246,560. This typically ranges from $76,290 for entry-level positions to $369,840 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Trenton-Princeton, NJ is 3.8% lower than the national median of $256,170.
Is Trenton-Princeton, NJ a lucrative place for Physicians, All Other?
Yes, it offers a competitive salary.Physicians, All Other in Trenton-Princeton, NJ earn a substantial average salary of $246,560, which is comparable to the national average cost of living. While slightly below the national average salary, the compensation remains highly competitive within the healthcare field.
Is Trenton-Princeton, NJ a good place to live for Physicians, All Others?
The Cost of Living Index in Trenton-Princeton, NJ is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Trenton-Princeton, NJ?
Some top paying nearby cities include Philadelphia-Camden-Wilmington, PA-NJ-DE-MD ($216,280) and Allentown-Bethlehem-Easton, PA-NJ.
How does the local salary compare to the national average?
The average annual salary for Physicians, All Other in Trenton-Princeton, NJ is $246,560, which is slightly lower than the national average of $256,170.
What is the concentration of Physicians, All Other in Trenton-Princeton, NJ?
The Location Quotient for Physicians, All Other in Trenton-Princeton, NJ is 0.47, indicating that the profession is less concentrated locally compared to the national average.
How does the cost of living affect the salary in Trenton-Princeton, NJ?
The Cost of Living Index in Trenton-Princeton, NJ is 100, which is the national average. This means the $246,560 salary has purchasing power equivalent to the national average.
What does the job market look like for Physicians, All Other in this area?
The job market is stable with a local workforce of 230 and 0.965 jobs per 1,000 workers, suggesting consistent demand without being overly saturated.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 230 employees in the Trenton-Princeton, NJ area with a job density of 0.965 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 Trenton-Princeton, NJ