Where Does Your Area Rank Among Physician Compensation?

Physician compensation can fluctuate drastically depending on a few key factors and, over the last year, has also been significantly impacted by the COVID-19 pandemic. But elements such as specialty, years of experience, and geographic location are still among the biggest factors that dictate physician compensation.

Below is a list of the highest and lowest paying metro areas when it comes to average physician salaries across specialty and experience. Where does your practice lie, and are you being competitive with your physician compensation?

Metro areas with the HIGHEST average compensation for physicians in 2020:

1. Milwaukee, WI — $430,274

2. Atlanta, GA — $428,244

3. Jacksonville, FL — $427,090

4. Buffalo, NY — $407,070

5. Orlando, FL — $406,587

6. Raleigh, NC — $406,365

7. Charlotte, NC — $404,285

8. Minneapolis, MN — $401,978

9. Riverside, CA — $397,005

10. Dallas, TX — $396,184

Metro areas with the LOWEST average compensation for physicians in 2020:

1. San Antonio, TX — $329,475

2. Virginia Beach, VA — $331,952

3. Boston, MA — $347,894

4. Baltimore, MD — $348,389

5. Washington D.C. — $351,572

6. Denver, CO — $352,073

7. Philadelphia, PA — $354,788

8. Memphis, TN — $356,875

9. Louisville, KY — $360,609

10. Providence, RI — $365,807

At CHS Recruiting, these are the types of elements we are constantly looking at and advising our clients about. In order to remain competitive when recruiting healthcare providers, we make sure your opportunities are in line with the current market, and we offer affordable flat placement fees that are agreed upon before we start your search, so you know that any recommendations regarding salary are done with your best interest in mind.