Average Physicians, All Other Salary in Waterbury-Shelton, CT
Physicians, All Other in the Waterbury-Shelton, CT area earn an average annual salary of $248,570. 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 Connecticut healthcare landscape. While not reaching the national benchmark, this salary reflects the specialized skills and responsibilities inherent to the medical profession.
Executive Summary
- Average Salary: $248,570 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $372,855.
- Outlook: The Waterbury-Shelton, CT area supports a local workforce of 310 Physicians, All Other, with a location quotient of 0.96, indicating a concentration very close to the national average. This suggests a stable, albeit not exceptionally concentrated, demand for these specialized medical professionals within the region. The presence of nearly 2 jobs per 1,000 workers further underscores a consistent need for physicians in this market.
Salary Overview
The average Physicians, All Other in Waterbury-Shelton, CT earns-3.0%below the national average.
$119.5
$4,780
$20,714
Physicians, All Other Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the healthcare sector, including specialized physician roles, has experienced steady growth over the past four years. This trend is typically driven by an aging population, advancements in medical technology, and increasing healthcare needs, which would likely translate to modest salary increases for Physicians, All Other in Waterbury-Shelton, CT.
Physicians, All Other Salary Distribution in Waterbury-Shelton, CT
Salary progression for Physicians, All Other in Waterbury-Shelton, CT, like elsewhere, is strongly tied to experience and specialization. Entry-level physicians can expect to earn at the lower end of the pay scale, while those with extensive experience, advanced certifications, or in highly specialized fields will command significantly higher salaries, often reaching the upper percentiles. The gap between entry-level and senior roles represents substantial career growth and earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $68,670 | $33 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $186,428 | $89.6 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $248,560 | $119.5 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $310,713 | $149.4 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $372,855 | $179.3 |
Detailed Physicians, All Other Market Analysis
Relocation Context
Nominal Salary
$248,570
Gross Pay
Real Wage (Purchasing Power)
$248,570
Adjusted for COL (100)
The average annual salary of $248,570 in Waterbury-Shelton, CT, aligns perfectly with the local cost of living index of 100, which is the national average. This means that the purchasing power of a physician's salary in this area is equivalent to the national standard, offering a balanced lifestyle without significant financial strain related to living expenses.
Job Market Context
310
Total Jobs
1.958
Per 1K Jobs
0.96
Location Quotient
Waterbury-Shelton, CT has 0.96x 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.
With a location quotient of 0.96, the Waterbury-Shelton, CT market for Physicians, All Other is nearly on par with the national average in terms of concentration. This suggests a competitive but balanced job market where demand and supply are relatively stable. While not a hub with an exceptionally high concentration of these professionals, the consistent job availability indicates a healthy and accessible market for qualified physicians.
Nearby Job Markets
Nearby Cities for Physicians, All Other
| City | Salary | Dist. |
|---|---|---|
| Connecticut nonmetropolitan area Physicians, All Other Salary | $319,680↑ 29% | 15 mi |
| New Haven, CT Physicians, All Other Salary | $160,510↓ 35% | 18 mi |
| Hartford-West Hartford-East Hartford, CT Physicians, All Other Salary | $234,560↓ 6% | 23 mi |
| Bridgeport-Stamford-Danbury, CT Physicians, All Other Salary | $332,210↑ 34% | 27 mi |
| Springfield, MA Physicians, All Other Salary | $167,890↓ 32% | 46 mi |
Comparing salaries near Waterbury-Shelton, CT
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Frequently Asked Questions
How much does a Physicians, All Other make in Waterbury-Shelton, CT?
The median annual salary for a Physicians, All Other in Waterbury-Shelton, CT is $248,570. This typically ranges from $68,670 for entry-level positions to $372,855 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Waterbury-Shelton, CT is 3.0% lower than the national median of $256,170.
Is Waterbury-Shelton, CT a lucrative place for Physicians, All Others?
Yes, it offers a competitive salary aligned with the national cost of living.Physicians, All Other in Waterbury-Shelton, CT earn $248,570 annually, which is close to the national average. Coupled with a cost of living index of 100, this salary provides a strong purchasing power equivalent to the national standard.
Is Waterbury-Shelton, CT a good place to live for Physicians, All Others?
The Cost of Living Index in Waterbury-Shelton, CT is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Waterbury-Shelton, CT?
Some top paying nearby cities include Connecticut nonmetropolitan area ($319,680) and New Haven, CT.
How does the local physician salary compare to the national average?
The average annual salary for Physicians, All Other in Waterbury-Shelton, CT is $248,570, which is slightly lower than the national average of $256,170.
What is the concentration of Physicians, All Other in Waterbury-Shelton, CT?
The concentration, measured by the location quotient, is 0.96, indicating that the density of these professionals in Waterbury-Shelton, CT is very close to the national average.
How does the cost of living in Waterbury-Shelton, CT affect salary perception?
With a cost of living index of 100, the local cost of living is exactly the national average. Therefore, the $248,570 salary in Waterbury-Shelton, CT offers purchasing power equivalent to the national average salary.
What is the total number of Physicians, All Other employed in Waterbury-Shelton, CT?
There are approximately 310 Physicians, All Other employed within the Waterbury-Shelton, CT area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 310 employees in the Waterbury-Shelton, CT area with a job density of 1.958 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 Waterbury-Shelton, CT