Anesthesiologist Salary in Algonquin, IL: $385,495 (2026)
Quick Answer:A full-time anesthesiologist in Algonquin, IL earns a median $385,495/year (≈ $185.33/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-1211). Once you factor in Algonquin's price level (3% below national, BEA RPP 97.1), that paycheck buys what $397,008 would nationally. Nominal pay sits 3.0% below the Illinois state average.
Based on BLS state-level estimates · View source
The projected anesthesiologist salary in Algonquin, IL for 2026 stands at $385,495, reflecting a slight dip compared to the national median of $409,107. With a range stretching from $223,587 at the 10th percentile to $542,462 at the 90th percentile, these figures reveal the impact of structural employment choices within the region. Anesthesiologists in Algonquin face a unique market influenced largely by the dichotomy between W-2 hospital employment and private group partnership models. These structures significantly shape compensation dynamics, highlighting the importance of choosing between secure hospital positions and potentially lucrative but risky private practice arrangements. This competitive environment for anesthesiology roles suggests that securing the best possible position requires careful consideration of both salary and employment type.
About the Algonquin Market
Salary estimated from Illinois average ($390,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $223,587 | $107.49 |
| Lower Range (P25) | $277,556 | $133.44 |
| Median (P50)(typical) | $385,495 | $185.33 |
| Upper Range (P75) | $483,682 | $232.54 |
| Top Earners (P90) | $542,462 | $260.80 |
Median Salary Position
5.77% below the national average
2026 Salary Percentile Distribution in Algonquin
In Algonquin, IL, the anesthesiologist salary spread from the 10th to 90th percentile is $318,875 (2026 est.). At $385,495, the local median is 5.77% below the national median of $409,107.
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At 40 hours/week in Algonquin: You'd be above the median
How Algonquin Anesthesiologist Pay Compares
Algonquin median: $385,495/year (2026)
| Compared To | Median Salary | Algonquin Pays |
|---|---|---|
| Illinois Average | $397,418 | -3.00% less |
| National Average | $409,107 | -5.77% less |
Anesthesiologists in Algonquin, IL earn a median of $385,495 per year (2026 est.), which is 5.77% lower than the national median of $409,107 and 3.00% below the Illinois state average of $397,418.
Cost-of-Living Adjusted Salary
Algonquin has a cost of living 2.90% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Algonquin, IL has a cost-of-living index of 97.1 (below the national average of 100). A anesthesiologist earning $385,495 nominally has purchasing power equivalent to $397,008 in an average-cost city — an effective 2.99% boost.
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2019 BLS Actual
$283,273
2025 BLS Actual
$368,895
2026 Current Est.
$385,495
2019–2027 Growth
+42.2%
Salary Trajectory for Anesthesiologists in Algonquin (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 4.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $283,273 | Actual |
| 2020 | $296,020 | Actual |
| 2021 | $309,341 | Actual |
| 2022 | $323,261 | Actual |
| 2023 | $337,808 | Actual |
| 2024 | $367,491 | Actual |
| 2025 | $368,895 | Actual |
| 2026(current) | $385,495 | Estimated |
| 2027 | $402,843 | Projected |
Based on 7 years of BLS OEWS data for the Algonquin metropolitan area, the median anesthesiologist salary grew 30.2% from $283,273 (2019) to $368,895 (2025). At a 4.50% compound annual growth rate, salaries are projected to reach $402,843 by 2027 — a total increase of $119,570 (42.21%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Algonquin 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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $223,587 – $277,556 |
| 3-5 years (Mid Career) | $277,556 – $385,495 |
| 5+ years (Experienced) | $385,495 – $483,682 |
| 10+ years (Top Earner) | $483,682 – $542,462 |
ANES salary ranges estimated from BLS percentile data. Individual anesthesiologist compensation varies by employer, certifications, and specialization.
Anesthesiologist Job Market in Algonquin
The local job market shows a modest presence with only five employed anesthesiologists, which points to a tight-knit community of practitioners. Given Algonquin's cost of living index at 97.1, professionals may find their take-home pay has a bit more purchasing power compared to higher-cost areas. Among local employers, W-2 positions in hospital systems typically offer stable salaries, while private anesthesia groups can provide higher compensation linked to partnership equity and additional revenue streams, such as case volumes and RVU bonuses influenced by call burden and subspecialty expertise. The disparity in anesthesiologist pay in Algonquin often arises from variations in practice modality and additional responsibilities related to outputs. To maximize income potential here, focusing on academic positions or subspecialty training can enhance earning through both base salary and supplemental revenue.
More salary data for Algonquin, IL:
Frequently Asked Questions
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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
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 BLS reported a median annual salary of $368,895 for anesthesiologistsin the Algonquin metropolitan area. A 4.50% compound annual growth rate (CAGR), calculated from 6-year national BLS wage trends, was applied to project current 2026 compensation. Percentile ranges (P10–P90) represent the full salary distribution across experience levels and practice settings in this market.
Data Sources & Methodology
Salary data for Algonquin 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