Entry-Level Anesthesiologist Salary in Richmond, IN: $210,819 (2026)
Quick Answer:New anesthesiologists entering the Richmond, IN job market in 2026 can expect a starting salary around $210,819 (BLS 10th-percentile benchmark for SOC 29-1211, projected from 2025 OEWS data). Stripping out Richmond's local price level (BEA RPP 91.3 — 9% below national), a first-year paycheck buys what $230,908 would in average-cost America. Most reach the city median ($363,482) within a few years of clinical practice.
Based on BLS state-level estimates · View source
In 2026, the starting anesthesiologist salary in Richmond, Indiana is projected to be around $210,819, which is significantly lower than the city's median annual salary of $363,482. This gap highlights the typical trajectory for new graduates entering the workforce, as they can expect to see their earnings rise toward the median over the first few years of practice. With a projected annual growth rate of 4.50% in the field, entry-level professionals may find their salaries climbing as they gain experience and additional responsibilities. Richmond presents a favorable environment for new graduates to begin their careers, offering opportunities that can lead to a more promising financial future.
About the Richmond Market
Salary estimated from Indiana average ($370,000) adjusted for local cost of living.
Career Earnings Timeline in Richmond
New Graduate
Early Career
Mid Career
Experienced
Salary progression estimated from BLS percentile data. Actual progression varies by employer, certifications, and specialization.
2026 Salary Percentile Distribution in Richmond
Entry-level anesthesiologists in Richmond, IN typically start between $210,819 and $261,708 per year (2026 est.). The full salary range spans $280,245 from the 10th to 90th percentile, with the local median at $363,482 — 11.15% below the national median.
Return on Investment
The average anesthesiology program cost in Indiana of $260,000 represents just 123.33% of the starting anesthesiologist pay ($210,819/year) in Richmond. Most graduates begin earning back their investment from day one, though actual ROI varies based on living expenses, loan interest, and the 2-year opportunity cost of schooling.
Program cost estimates based on AAMC tuition reports for LCME-accredited MD programs and COCA-accredited DO programs, plus ACGME-accredited anesthesiology residency data. Totals include 4 years of medical school tuition, fees, and living expenses; residency is salaried but adds opportunity cost. Actual debt varies widely by public vs. private institution and state residency status.
ANES Salary Negotiation Tips for New Graduates in Richmond
- 1Research the Richmond market: entry-level anesthesiologist pay ranges from $210,819 to $261,708, so aim for at least the 25th percentile if you have strong credentials.
- 2Highlight any additional certifications or specialty training within the anesthesiology field — employers in IN often pay a premium for expanded scope of work.
- 3Evaluate the full compensation package — in Richmond, benefits like health insurance, continuing-education allowances, and schedule flexibility can add 20-30% to your effective compensation.
- 4Consider starting with a larger hospital system or multi-site employer in Richmond for competitive entry-level pay and structured mentorship, then move to a smaller employer once you have 2-3 years of experience.
- 5Richmond's below-average cost of living means your starting salary goes further here compared to many larger metro areas.
Anesthesiologist Compensation Range
The anesthesiologist wage spread in Richmond is $280,245 ( 132.93%) between entry-level and top earners. Starting at $210,819, experienced hygienists can earn up to $491,064.
Represents the current salary spread across experience levels, not projected career growth rate.
2019 BLS Actual
$246,718
2025 BLS Actual
$201,741
2026 Current Est.
$210,819
2019–2027 Growth
+-10.7%
Salary Trajectory for Anesthesiologists in Richmond (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 4.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $246,718 | Actual |
| 2020 | $270,778 | Actual |
| 2021 | $233,814 | Actual |
| 2022 | $148,850 | Actual |
| 2023 | $168,893 | Actual |
| 2024 | $190,667 | Actual |
| 2025 | $201,741 | Actual |
| 2026(current) | $210,819 | Estimated |
| 2027 | $220,306 | Projected |
Entry-level anesthesiologist compensation (10th percentile) in Richmond, IN grew -18.2% over 7 years based on actual BLS metropolitan area surveys, rising from $246,718 in 2019 to $201,741 in 2025. By 2027, starting salaries are projected to reach $220,306. New graduates entering the Richmond job market can expect continued year-over-year gains.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Richmond metropolitan area, sourced from annual Occupational Employment and Wage Statistics surveys. 2026–2026 figures are current estimates, and 2027 values are projections, calculated using a 4.50% CAGR derived from 7-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Starting Your anesthesiology Career in Richmond
Those seeking entry-level positions in Richmond can find opportunities in various healthcare settings, such as academic medical centers that provide a diverse case mix, including cardiac and pediatric anesthesiology. Large group practices often recruit recent residents directly, facilitating a smooth transition into full-time roles, while outpatient surgery centers may attract lifestyle-focused anesthesiologists looking for a more manageable work-life balance without on-call duties. To enhance early-career earning potential, credentials such as an MD or DO, completion of an anesthesiology residency, and ABA board certification with MOCA are vital. Additionally, candidates may consider pursuing fellowships for specialization. The landscape for new anesthesiologists has shifted, emphasizing the distinction between W-2 hospital employment and private practice models; understanding this division will greatly influence salary growth and job satisfaction in the initial years of practice.
More salary data for Richmond, IN:
Frequently Asked Questions
What is the starting salary for anesthesiologists in Richmond in 2026?
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Is anesthesiology school worth it in Richmond?
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Related Pages
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Written by Dr. Maria Chen, MD
Career Analyst
Dr. Chen has over 10 years of experience in anesthesiology. She specializes in perioperative care at a major metropolitan hospital.
Methodology & Data Source
Entry-level salary figures on this page are 2026 projections based on the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2026 release. The 10th percentile (entry-level) is used as the starting salary benchmark for new anesthesiology graduates. A 4.50% compound annual growth rate (CAGR), derived from 6-year national BLS wage trends, was applied to project current 2026 entry-level compensation in Richmond. Program costs are averages and actual tuition varies by institution. ROI calculations are simplified estimates.
Data Sources & Methodology
Salary data for Richmond is estimated from official BLS state-level occupational wage data (2025), adjusted for regional cost-of-living differences using BEA RPP (Regional Price Parities).
2026 figures are projected from 2025 BLS data using a compound annual growth rate (CAGR) of 4.50%, derived from historical BLS wage trends for anesthesiologists (SOC 29-1211).
Compiled and verified by Dr. Maria Chen, MD, a licensed anesthesiologist with 10+ years of clinical experience. · View source data at BLS.gov