Physician (Doctor) Salary in Mercer Island, WA
How much does a physician (doctor) make in Mercer Island? Explore median, entry-level, and senior salaries adjusted for Mercer Island's cost of living.
Salary Breakdown by Experience Level
See how physician (doctor) salaries break down across different pay periods in Mercer Island.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $204,288 | $366,016 | $544,768 |
| Monthly | $17,024 | $30,501 | $45,397 |
| Biweekly | $7,857 | $14,078 | $20,953 |
| Weekly | $3,929 | $7,039 | $10,476 |
| Hourly | $98 | $176 | $262 |
Mercer Island vs National Average
How Mercer Island's physician (doctor) salaries compare to national figures.
Cost of Living in Mercer Island
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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Salary Breakdown Calculator
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Cost of Living Calculator
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Rent vs Buy Calculator
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Physician (Doctor) Salary in Mercer Island, WA — Complete Guide
Median Salary Overview
The median salary for a physician (doctor) in Mercer Island, WA is $366,016 per year, adjusted for the local cost of living index of 152. This figure reflects typical earnings for experienced professionals in this role, considering Mercer Island's unique economic conditions.
Salary Range and Experience Levels
Entry-level physician (doctor) professionals in Mercer Island can expect to earn around $204,288 annually. As professionals gain experience, salaries typically increase, with senior-level physician (doctor)s earning approximately $544,768 per year. This represents a 167% increase from entry to senior level.
Cost of Living Adjustment
Mercer Island's cost of living index of 152 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Mercer Island 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 Mercer Island typically goes toward housing. With a 1-bedroom apartment averaging $2,200 per month, housing represents about 7.2% 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 Mercer Island, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.