Physician (Doctor) Salary in Lakewood, WA
How much does a physician (doctor) make in Lakewood? Explore median, entry-level, and senior salaries adjusted for Lakewood's cost of living.
Salary Breakdown by Experience Level
See how physician (doctor) salaries break down across different pay periods in Lakewood.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $137,088 | $245,616 | $365,568 |
| Monthly | $11,424 | $20,468 | $30,464 |
| Biweekly | $5,273 | $9,447 | $14,060 |
| Weekly | $2,636 | $4,723 | $7,030 |
| Hourly | $66 | $118 | $176 |
Lakewood vs National Average
How Lakewood's physician (doctor) salaries compare to national figures.
Cost of Living in Lakewood
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 Lakewood, WA — Complete Guide
Median Salary Overview
The median salary for a physician (doctor) in Lakewood, WA is $245,616 per year, adjusted for the local cost of living index of 102. This figure reflects typical earnings for experienced professionals in this role, considering Lakewood's unique economic conditions.
Salary Range and Experience Levels
Entry-level physician (doctor) professionals in Lakewood can expect to earn around $137,088 annually. As professionals gain experience, salaries typically increase, with senior-level physician (doctor)s earning approximately $365,568 per year. This represents a 167% increase from entry to senior level.
Cost of Living Adjustment
Lakewood's cost of living index of 102 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Lakewood 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 Lakewood typically goes toward housing. With a 1-bedroom apartment averaging $1,200 per month, housing represents about 5.9% 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 Lakewood, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.