Physicians, All Other Salary in Minneapolis, MN-WI

In Minneapolis-MN-WI, a physician working in the "Physicians, All Other" category typically earns a median annual salary of $378,730, which is considerably higher than the local area's median household income of $98,180. This substantial difference highlights the significant earning potential within this medical field compared to other occupations in the region. The high earnings reflect the specialized skills and extensive education required for physicians, making their compensation markedly superior to average local incomes. Despite a relatively low unemployment rate of 2.90% in the area, which indicates a robust job market, physicians still command salaries well above the median, underscoring their critical role within healthcare services.

When examining salary variations based on experience levels among these physicians, entry-level workers earn significantly less than those with more experience. The data shows that at the 10th percentile of earnings, an entry-level physician might expect to make $75,280 annually, whereas a physician at the 25th percentile earns around $220,480 per year. This stark contrast is driven by factors such as years of practice, specialization, and accumulated expertise. Physicians in the 75th percentile earn about $406,080, with those at the 90th percentile reaching salaries up to $468,570 annually. These differences are largely attributed to increased responsibilities, advanced skills, and often higher-demand specializations that more experienced physicians tend to acquire over time.