Physician Salary in Minneapolis, MN: $251,900 (2024)
Official 2024 BLS Data | $121.11/hour | $157,219 - $375,515 range
Median Annual Salary
$251,900
Hourly Rate
$121.11
/hour
Jobs in Area
277
employed
Compare to Other Cities
See All →Minneapolis, MN
$251,900
San Jose, CA
$337,275
in San Jose, CA
Physician Salary Range in Minneapolis, MN
Annual Salary Range
$157k
10th percentile
$207k
25th
$297k
75th
$376k
90th percentile
Salary Breakdown by Percentile
| Percentile | Annual Salary | Hourly Rate |
|---|---|---|
| 10th Percentile (Entry Level) | $157,219 | $75.59 |
| 25th Percentile | $207,340 | $99.68 |
| Median (50th Percentile) | $251,900 | $121.11 |
| 75th Percentile | $296,828 | $142.71 |
| 90th Percentile (Top Earners) | $375,515 | $180.54 |
| Average (Mean) | $271,442 | $130.50 |
Physician Market Insights for Minneapolis, MN
Compensation Overview
Physician compensation in Minneapolis, MN aligns with regional expectations. The salary range from $157,219 to $375,515 provides a clear picture of earning potential at different career stages.
Local Market Context
Minneapolis, MN offers competitive compensation that aligns closely with national benchmarks. The Minnesota economy supports a diverse range of industries, providing stable employment opportunities across multiple sectors.
Career Outlook
The Physician profession offers diverse career opportunities across industries. Professional development and continuous learning are key factors in advancing within this field. With a 139% salary range from entry-level to top earners, there is substantial room for financial growth as you advance in your career.
Tips for Increasing Your Salary
- •Develop specialized expertise to command higher compensation—top earners make 49% more than median salaries
- •Build a professional network through industry associations and local business groups
- •Pursue relevant certifications or advanced education to demonstrate expertise
+5%
vs National Avg
+0%
vs State Avg
139%
Salary Range
277
Jobs in Area
Career Path & Salary Progression
Typical Physician salary growth in Minneapolis, MN based on experience level.
Entry Level
0-2 years10th percentile
$157,219
/year
Early Career
2-5 years25th percentile
$207,340
/year
Mid Career
5-10 years50th percentile
$251,900
/year
Senior
10-15 years75th percentile
$296,828
/year
Expert
15+ years90th percentile
$375,515
/year
Note: Career progression and salary growth vary based on company size, industry, skills, and performance. These estimates use percentile data from the BLS as a general guide for typical career paths.
Physician Job Market in Minneapolis, MN
Where Physicians Work
Physicians work across multiple industries including corporations, government agencies, healthcare organizations, and consulting firms. Each sector offers different compensation structures and career trajectories.
Local Employment Landscape
Employment in this occupation is more limited in Minneapolis, MN compared to larger metros. Professionals may find opportunities concentrated among fewer employers, making employer research and networking particularly valuable.
Types of Employers Hiring
Large Corporations
Typically offer comprehensive benefits, structured advancement, and competitive base salaries with bonus potential
Small to Medium Businesses
May provide more responsibility earlier in your career, flexible work arrangements, and equity opportunities
Government Agencies
Known for job security, excellent benefits packages, pension plans, and work-life balance
Professional Services Firms
Provide client exposure, rapid skill development, and often above-market compensation for top performers
Skills That Increase Earning Potential
Job Search Strategy for Minneapolis, MN
- •Research major employers in the Minneapolis-St. Paul-Bloomington area and follow them on LinkedIn for job alerts
- •Join local professional associations for networking and job leads specific to Minnesota
- •Tailor your salary expectations based on the Minneapolis, MN market rate of $251,900
- •Consider roles at varying experience levels—entry positions start at $157,219 in this market
Physician Career Overview in Minneapolis, MN
The job market for Physicians in Minneapolis, MN is emerging, with approximately 277 professionals employed across the metropolitan area. This represents a growing presence of Physician positions, reflecting the region's economic base and employer diversity in Minneapolis, MN. Compensation aligns closely with national benchmarks, indicating a balanced supply-demand dynamic in this market.
Minneapolis, MN's diverse economy supports healthcare roles across multiple sectors including healthcare, education, government, technology, manufacturing, and professional services. Major employers in Minnesota range from large corporations and hospital systems to mid-size regional firms and growing startups. This employer diversity provides career stability and mobility, as professionals can advance their careers without necessarily relocating. The mix of public and private sector opportunities also creates varied compensation structures, with some employers offering lower base salaries but stronger benefits and job security.
The growth outlook for Physician positions in Minneapolis, MN is projected to remain stable with opportunities tied to local economic growth and industry trends. With 277 current positions and a median salary of $251,900, the market provides a solid foundation for career development. Professionals who invest in continuing education and stay current with industry developments position themselves for both job security and upward salary mobility. The combination of Minneapolis, MN's economic trajectory and broader industry trends suggests that qualified Physicians will continue to find opportunities in this market over the coming years.
Minneapolis, MN offers a balanced proposition for Physicians. The cost of living index of 103.2 sits near the national average, meaning the median salary of $251,900 translates to real purchasing power that closely matches the nominal figure. This makes salary comparisons with other similarly-priced metros straightforward. Physicians evaluating Minneapolis, MN against peer cities should focus on factors beyond raw salary numbers, including career growth opportunities, industry specialization, commute quality, and lifestyle fit.
The Healthcare field in Minneapolis, MN benefits from the region's broader economic ecosystem. Local industry associations, professional networking groups, and continuing education opportunities through area universities and community colleges help Physicians stay connected and advance their careers. Minnesota's business incentive programs and workforce development initiatives also play a role in attracting employers and creating positions. For Physicians early in their career, Minneapolis, MN offers the chance to build a professional network in a market where individual contributions are often more visible than in the largest metros, potentially accelerating career progression.
Physician Compensation Deep Dive in Minneapolis, MN
The salary range for Physicians in Minneapolis, MN spans from $157,219 at the entry level (10th percentile) to $375,515 for top earners (90th percentile), a spread of $218,296. This 139% differential reflects the significant impact that experience, specialization, credentials, and employer type have on compensation in this field. The median salary of $251,900 sits at the midpoint of the market, representing what a Physician with moderate experience and standard qualifications can expect. The 25th percentile ($207,340) typically corresponds to early-career professionals with 1-3 years of experience, while the 75th percentile ($296,828) reflects seasoned professionals with specialized skills or management responsibilities.
Base salary tells only part of the compensation story for Physicians in Minneapolis, MN. Total compensation packages commonly include health insurance (valued at $6,000-$15,000 annually for employer contributions), retirement plan matching (typically 3-6% of salary, worth $10,076 per year at the median), paid time off (averaging 15-20 days), and in some cases performance bonuses, stock options, or professional development allowances. When evaluating job offers, Physicians should request a total compensation breakdown. A position paying $207,340 with strong benefits may deliver more value than one paying $251,900 with minimal perks.
Cost of living directly impacts how far a Physician's salary goes in Minneapolis, MN. With a local cost-of-living index of 103.2 (where 100 equals the national average), the median salary of $251,900 provides purchasing power equivalent to approximately $244,089 in an average-cost U.S. city. This balanced cost environment means the salary figure closely reflects actual purchasing power, simplifying financial planning and comparisons with other mid-range markets.
Negotiating Physician compensation in Minneapolis, MN requires market awareness. The gap between the 25th and 75th percentiles ($207,340 to $296,828) represents the most common negotiation range. Candidates with in-demand certifications, niche expertise, or competing offers have the strongest leverage. In this market, employers already pay above-average rates, so negotiation gains may be more incremental. Asking for a salary review after 6-12 months, signing bonuses, or additional PTO are effective alternatives when base salary flexibility is limited. On an hourly basis, Physicians in this market earn between $76 and $181 per hour, with the median at $121.
Physician Career Path & Growth in Minneapolis, MN
The career trajectory for Physicians in Minneapolis, MN shows significant earning potential over time. Entry-level professionals start around $157,219, while top earners reach $375,515, representing a 2.4x increase from start to peak. This progression typically unfolds over 10-20 years and is driven by accumulating expertise, taking on leadership responsibilities, developing specializations, and building a professional reputation. In Minneapolis, MN's healthcare market, professionals who demonstrate consistent performance improvements and take on increasingly complex projects advance most quickly. Mid-career transitions into management, consulting, or entrepreneurship can also accelerate earnings beyond the standard progression curve.
Physicians in Minneapolis, MN who are exploring career pivots or complementary roles should consider positions such as related professionals in the same field, supervisory roles, and cross-functional positions. These adjacent occupations often share transferable skills and can offer different compensation structures, work environments, or growth trajectories. In Minneapolis, MN's job market, professionals who develop cross-functional capabilities spanning multiple related roles tend to be more resilient to market shifts and better positioned for leadership opportunities. Lateral moves can also provide valuable perspective that strengthens a professional's long-term career trajectory.
The skills most in demand for Physicians in Minneapolis, MN include industry-specific technical competencies, communication and collaboration skills, analytical thinking, and adaptability to new tools and processes. Employers in Minneapolis, MN value professionals who combine deep subject-matter expertise with the ability to work effectively across teams and adapt to evolving industry requirements. Pursuing relevant professional certifications can provide a measurable salary boost of 5-15% and signal commitment to the field. Continuous learning through industry conferences, online courses, and professional associations helps Physicians stay competitive in Minneapolis, MN's evolving job market.
More Questions About Physician Salaries in Minneapolis, MN
What is the starting salary for a Physician in Minneapolis, MN?
Entry-level Physicians in Minneapolis, MN (10th percentile) earn approximately $157,219 per year, or about $13,102 per month. The 25th percentile, representing early-career professionals with some experience, earns $207,340. These figures reflect base salary only; new hires may also receive benefits worth an additional 20-30% of base pay. Building specialized skills and pursuing relevant certifications are the fastest paths to moving beyond entry-level compensation.
How much do experienced Physicians make in Minneapolis, MN?
Experienced Physicians at the 75th percentile earn $296,828 annually in Minneapolis, MN, while top earners at the 90th percentile make $375,515. The jump from median ($251,900) to 75th percentile represents a 18% increase, typically achieved through 5-10 years of experience, management responsibilities, or specialized expertise. Senior professionals who combine technical depth with leadership skills are best positioned for top-tier compensation.
Is Minneapolis, MN a good city for Physicians?
Minneapolis, MN offers competitive compensation that closely tracks national averages. With 277 Physician positions in the metro area, the market is smaller but can offer less competition and more personal career development. Quality of life, industry presence, and long-term career trajectory should all factor into your evaluation alongside salary data.
How does Physician pay in Minneapolis, MN compare to the national average?
The median Physician salary in Minneapolis, MN is $251,900, which is 5% higher than the national median of $239,200. After adjusting for cost of living, the effective purchasing power is $244,089, which provides a more accurate comparison. Within Minnesota, Minneapolis, MN ranks at a competitive level for this occupation.
What benefits do Physicians typically receive in Minneapolis, MN?
Beyond base salary, Physicians in Minneapolis, MN typically receive health insurance (medical, dental, vision), retirement contributions (401k matching of 3-6%), paid time off (15-25 days annually), and sometimes performance bonuses or profit sharing. The total value of benefits often adds 25-35% on top of base salary, meaning a Physician earning the median of $251,900 may receive total compensation of $327,470 or more. Some employers also offer tuition reimbursement, professional development budgets, flexible work arrangements, and wellness programs.
What skills are most in demand for Physicians in Minneapolis, MN?
Physicians in Minneapolis, MN who command the highest salaries typically combine core technical competencies with strong communication skills, analytical thinking, adaptability, and a commitment to professional development. Employers in this market particularly value professionals who can demonstrate measurable impact, whether through revenue generation, cost savings, process improvements, or team leadership. Certifications relevant to the Healthcare field can increase earning potential by 5-15%. Staying current with industry trends and emerging technologies is essential for career advancement and salary growth.
Frequently Asked Questions
The median physician salary in Minneapolis, MN is $251,900 per year ($121.11/hour) as of 2026. This is based on official U.S. Bureau of Labor Statistics data. Salaries range from $157,219 for entry-level positions to $375,515 for experienced professionals in the top 10%.
Entry-level physicians in Minneapolis, MN typically start at around $157,219 per year ($75.59/hour), representing the 10th percentile. New graduates and those with less than 2 years of experience fall into this range. With experience and skill development, salaries can progress to the median of $251,900 within 3-5 years.
Physicians in Minneapolis, MN earn a median hourly wage of $121.11 per hour. Hourly rates range from $75.59/hour at entry-level (10th percentile) to $180.54/hour for top earners (90th percentile). Based on a standard 2,080-hour work year, this translates to annual salaries between $157,219 and $375,515.
The median physician salary of $251,900 in Minneapolis, MN is above the national median of $239,200 (5.3% higher). This salary places you at the 50th percentile, meaning half of physicians in the area earn more and half earn less.
Physicians in Minneapolis, MN earn above the national average. The local median salary of $251,900 is 5.3% higher than the national median of $239,200. When adjusted for cost of living, the effective salary is approximately $244,089.
The top 10% of physicians in Minneapolis, MN earn $375,515 or more per year ($180.54/hour). These top earners typically have 10+ years of experience, advanced certifications, specialized expertise, or hold senior/management positions. The 75th percentile earns $296,828, which is a realistic goal for mid-career professionals.
Key skills that can boost physician salary in Minneapolis, MN include: Strong communication and interpersonal abilities, Problem-solving and critical thinking, Technical proficiency relevant to the field, Attention to detail and organizational skills. Professionals with these skills often earn above the median of $251,900, potentially reaching the 75th percentile ($296,828) or higher. Years of relevant experience
Minneapolis, MN has a specialized job market for physicians, with approximately 277 professionals employed in the area. The median salary of $251,900 is above the national average. Job seekers should consider both salary and local industry demand when evaluating opportunities.
Compare your physician salary to these Minneapolis, MN benchmarks: 10th percentile (entry-level): $157,219, 25th percentile: $207,340, 50th percentile (median): $251,900, 75th percentile: $296,828, 90th percentile (top earners): $375,515. If you earn more than $251,900, you're above average for the area.
Beyond the $251,900 median base salary, physicians in Minneapolis, MN typically receive comprehensive benefits including health insurance (medical, dental, vision), retirement plans (401k with employer matching), paid time off (15-25 days), and potentially bonuses or profit-sharing. Total compensation including benefits typically adds 25-40% to base salary value.
Experienced physicians with 5-10 years in Minneapolis, MN typically earn $296,828 (75th percentile) to $375,515 (90th percentile) per year. Senior professionals with 10+ years, certifications, or management roles can reach the top 10% at $375,515. Mid-career professionals (3-5 years) usually earn around the median of $251,900.
Physicians in Minneapolis, MN can see significant salary growth over their careers. Entry-level ($157,219) to median ($251,900) typically takes 3-5 years. Reaching the 90th percentile ($375,515) may take 10+ years and often requires specialized skills, certifications, or leadership experience. That's a potential growth of $218,296 over a career.
Data Source & Methodology
Official government statistics you can trust
U.S. Bureau of Labor Statistics
Occupational Employment and Wage Statistics (OEWS) Program
Visit Official BLS WebsiteData Year
2024
2 Years Old
Geographic Area
Minneapolis-St. Paul-Bloomington
Metropolitan Statistical Area
Occupation Code
29-1228
SOC Classification
Sample Size
277
Employees Surveyed
How This Data Is Collected
The OEWS program produces employment and wage estimates annually for over 800 occupations across all metropolitan and nonmetropolitan areas. Approximately 1.1 million establishments are surveyed over a three-year period, representing the most comprehensive wage data available for the U.S. labor market.
Note: Percentile wages represent actual reported wages and may differ from individual compensation packages that include benefits, bonuses, and equity.
Last updated: January 23, 2026
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Physician in Minneapolis, MN
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Median: $251,900/yr
How Minneapolis, MN Compares
vs National Average
$239,200
vs Minnesota Average
$251,691
Cost-of-Living Adjusted
$244,089
Cost of living in Minneapolis, MN is 3.2% above the national average.
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