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Average Podiatrists Salary in New Jersey

Podiatrists in New Jersey earn an average annual salary of $140,420, which is notably below the national average of $159,900. This difference in compensation can be attributed to a variety of local economic factors, including the specific demand for podiatric services within the state and the overall cost of doing business for healthcare providers.

Executive Summary

  • Average Salary: $140,420 per year.
  • Growth Trend: Salaries have shifted 4.0% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $224,870.
  • Outlook: With a local workforce of 350 Podiatrists and a Location Quotient of 1.32, New Jersey demonstrates a concentration of these professionals that is 32% higher than the national average. This suggests a robust and potentially growing demand for podiatric care within the state, indicating a stable job market for qualified individuals.
2024 Market Data

Salary Overview

$140,420

The average Podiatrists in New Jersey earns-12.2%below the national average.

BreakdownBased on 40h/week
Hourly

$67.5

Weekly

$2,700

Monthly

$11,702

Podiatrists Salary Distribution in New Jersey

Salary progression for Podiatrists in New Jersey typically scales significantly with experience. Entry-level positions may start considerably lower than the average, while seasoned professionals with specialized skills and extensive experience can command salaries well above the $140,420 mark. The gap between entry-level and senior roles, often reflected in percentile data, signifies clear career advancement opportunities.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$57,500$27.6
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$105,315$50.6
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$138,220$66.5
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$175,525$84.4
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$224,870$108.1

Detailed Podiatrists Market Analysis

Relocation Context

Nominal Salary

$140,420

Gross Pay

Real Wage (Purchasing Power)

$124,929

Adjusted for COL (112.4)

The average annual salary of $140,420 in New Jersey must be considered alongside its Cost of Living Index of 112.4. This index indicates that living expenses in New Jersey are approximately 12.4% higher than the national average. Therefore, while the nominal salary is substantial, its purchasing power is somewhat diminished by the elevated cost of living.

Job Market Context

350

Total Jobs

0.081

Per 1K Jobs

1.32

Location Quotient

Above Average

With a location quotient of 1.32, New Jersey has a slightly higher-than-average concentration of Podiatrists roles compared to the national norm.

New Jersey's Location Quotient of 1.32 signifies a higher concentration of Podiatrists compared to the national average. This suggests that the job market may be more competitive, but also indicates a strong demand for these specialists within the state's healthcare system. Employers may need to offer competitive compensation to attract and retain talent in this relatively concentrated field.

Nearby Job Markets

Nearby Cities for Podiatrists

CitySalaryDist.
New York-Newark-Jersey City, NY-NJ Podiatrists Salary$132,580↓ 6%39 mi
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD Podiatrists Salary$163,990↑ 17%42 mi

Comparing salaries near New Jersey

Hiring Podiatristss?

Frequently Asked Questions

How much does a Podiatrists make in New Jersey?

The median annual salary for a Podiatrists in New Jersey is $140,420. This typically ranges from $57,500 for entry-level positions to $224,870 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in New Jersey is 12.2% lower than the national median of $159,900.

Is New Jersey a lucrative place for Podiatrists?

Yes, with caveats.New Jersey offers a strong average salary for Podiatrists and a higher concentration of jobs than the national average, indicating demand. However, the higher cost of living means the take-home value is slightly less than the nominal salary suggests.

Is New Jersey a good place to live for Podiatrists?

The Cost of Living Index in New Jersey is 112.4. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near New Jersey?

Some top paying nearby cities include New York-Newark-Jersey City, NY-NJ ($132,580) and Philadelphia-Camden-Wilmington, PA-NJ-DE-MD.

How does the New Jersey Podiatrist salary compare to the national average?

The average annual salary for Podiatrists in New Jersey is $140,420, which is below the national average of $159,900.

What is the job market like for Podiatrists in New Jersey?

New Jersey has a higher concentration of Podiatrists than the national average (LQ of 1.32), suggesting a robust demand for their services within the state.

How does the cost of living affect a Podiatrist's salary in New Jersey?

With a Cost of Living Index of 112.4, New Jersey is more expensive than the national average. This means the $140,420 salary has less purchasing power than it would in a lower cost-of-living area.

Are there many Podiatrists in New Jersey?

Yes, New Jersey has a workforce of 350 Podiatrists, and their concentration (Location Quotient 1.32) is higher than the national average, indicating a significant presence.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 350 employees in the New Jersey area with a job density of 0.081 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Podiatrists • Data source: BLS OEWS 2024 •Jobs in New Jersey