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Average Radiologists Salary in Minnesota

Radiologists in Minnesota earn an impressive average annual salary of $515,440. While a national average isn't provided for direct comparison, this figure suggests a strong compensation landscape within the state. Factors such as the specialized nature of radiology, demand within Minnesota's healthcare system, and the state's economic conditions likely contribute to this elevated pay.

Executive Summary

  • Average Salary: $515,440 per year.
  • Growth Trend: Salaries have shifted 53.5% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $773,160.
  • Outlook: With a local workforce of 450 professionals, Minnesota presents a moderately sized but established market for radiologists. The location quotient of 0.89 indicates that the concentration of radiologists in Minnesota is slightly below the national average, suggesting a stable demand that is not oversaturated, positioning the state as a potentially robust environment for these specialists.
2024 Market Data

Salary Overview

$515,440

The average Radiologists in Minnesota earns-0.0%below the national average.

BreakdownBased on 40h/week
Hourly

$247.8

Weekly

$9,912

Monthly

$42,953

Radiologists Salary Distribution in Minnesota

The salary progression for radiologists in Minnesota typically scales significantly with experience. Entry-level positions will naturally command lower salaries, while seasoned professionals with extensive experience and specialized skills can expect to reach the higher percentiles of the $515,440 average. The gap between the 25th and 75th percentiles, for instance, would signify substantial career advancement and earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$78,560$37.8
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$386,580$185.9
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$515,445$247.8
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$644,300$309.8
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$773,160$371.7

Detailed Radiologists Market Analysis

Relocation Context

Nominal Salary

$515,440

Gross Pay

Real Wage (Purchasing Power)

$546,017

Adjusted for COL (94.4)

A nominal salary of $515,440 in Minnesota is particularly advantageous when considering the local Cost of Living Index of 94.4. This index is below the national average of 100, meaning that the purchasing power of a radiologist's income in Minnesota is likely higher than in many other parts of the country, allowing for a comfortable lifestyle.

Job Market Context

450

Total Jobs

0.153

Per 1K Jobs

0.89

Location Quotient

Below Average

Minnesota has 0.89x the national average concentration of Radiologists 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 0.89 suggests that while Minnesota has a solid presence of radiologists, the field is not disproportionately concentrated compared to the national average. This indicates a balanced job market where demand is present but competition may not be excessively fierce, offering a competitive yet accessible environment for both new and experienced radiologists.

Nearby Job Markets

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Frequently Asked Questions

How much does a Radiologists make in Minnesota?

The median annual salary for a Radiologists in Minnesota is $515,440. This typically ranges from $78,560 for entry-level positions to $773,160 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Minnesota is 0.0% lower than the national median of N/A.

Is Minnesota a lucrative place for Radiologists?

Yes, Minnesota is a lucrative place for Radiologists.The state offers a high average annual salary of $515,440, which is further enhanced by a cost of living index below the national average.

Is Minnesota a good place to live for Radiologists?

With a Cost of Living Index of 94.4 (lower than the national average of 100), your salary goes further here.

What is the average salary for a Radiologist in Minnesota?

The average annual salary for a Radiologist in Minnesota is $515,440.

How does Minnesota's cost of living compare to the national average?

Minnesota's cost of living index is 94.4, which is below the national average of 100, making it more affordable than the typical US state.

Is the job market for Radiologists strong in Minnesota?

With a location quotient of 0.89, the market is moderately concentrated, suggesting a stable demand for radiologists without extreme saturation.

How many Radiologists work in Minnesota?

There are approximately 450 Radiologists employed within the state of Minnesota.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 450 employees in the Minnesota area with a job density of 0.153 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Radiologists • Data source: BLS OEWS 2024 •Jobs in Minnesota