Physician (Doctor) Salary in Carmel-by-the-Sea, CA
How much does a physician (doctor) make in Carmel-by-the-Sea? Explore median, entry-level, and senior salaries adjusted for Carmel-by-the-Sea's cost of living.
Salary Breakdown by Experience Level
See how physician (doctor) salaries break down across different pay periods in Carmel-by-the-Sea.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $253,440 | $454,080 | $675,840 |
| Monthly | $21,120 | $37,840 | $56,320 |
| Biweekly | $9,748 | $17,465 | $25,994 |
| Weekly | $4,874 | $8,732 | $12,997 |
| Hourly | $122 | $218 | $325 |
Carmel-by-the-Sea vs National Average
How Carmel-by-the-Sea's physician (doctor) salaries compare to national figures.
Cost of Living in Carmel-by-the-Sea
About Physician (Doctor)
Overview
Diagnose and treat diseases and injuries in patients.
Education
Medical degree (MD/DO); Residency required
Key Skills
Growth Rate
Expected job growth: +15% over the next decade
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Financial Tools to Explore
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Physician (Doctor) Salary in Carmel-by-the-Sea, CA — Complete Guide
Median Salary Overview
The median salary for a physician (doctor) in Carmel-by-the-Sea, CA is $454,080 per year, adjusted for the local cost of living index of 165. This figure reflects typical earnings for experienced professionals in this role, considering Carmel-by-the-Sea's unique economic conditions.
Salary Range and Experience Levels
Entry-level physician (doctor) professionals in Carmel-by-the-Sea can expect to earn around $253,440 annually. As professionals gain experience, salaries typically increase, with senior-level physician (doctor)s earning approximately $675,840 per year. This represents a 167% increase from entry to senior level.
Cost of Living Adjustment
Carmel-by-the-Sea's cost of living index of 165 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Carmel-by-the-Sea are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $215,000, the actual purchasing power must be considered in context.
Housing and Affordability
A significant portion of a physician (doctor)'s salary in Carmel-by-the-Sea typically goes toward housing. With a 1-bedroom apartment averaging $2,500 per month, housing represents about 6.6% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.
Career Growth and Opportunities
Physician (Doctor)s are in growing demand across the United States, with an expected job growth of 15% over the next decade. In Carmel-by-the-Sea, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.