Anesthesiologist Salary in Palatine, IL: $398,037 (2026)
Quick Answer:A full-time anesthesiologist in Palatine, IL earns a median $398,037/year (≈ $191.36/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-1211). Once you factor in Palatine's price level (3% below national, BEA RPP 97.1), that paycheck buys what $409,925 would nationally. Nominal pay sits 0.2% above the Illinois state average.
Based on BLS state-level estimates · View source
In 2026, anesthesiologists in Palatine, Illinois, are projected to earn a median annual salary of $398,037, slightly below the national median of $409,107. This compensation reflects a diverse salary range from $230,861 at the lower end (10th percentile) to $561,448 at the upper end (90th percentile). Local estimates, derived from 2025 BLS data and adjusted for regional cost of living, highlight the intricate dynamics of medical practice in this suburban setting. The variability in earnings is heavily influenced by factors such as call burden, with those who take on greater responsibilities often seeing higher compensation. This results in a significant differential between practitioners, unlocking potential for those engaged in higher call rotations to earn substantially more.
About the Palatine Market
Salary estimated from Illinois average ($390,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $230,861 | $110.99 |
| Lower Range (P25) | $286,587 | $137.78 |
| Median (P50)(typical) | $398,037 | $191.36 |
| Upper Range (P75) | $497,492 | $239.18 |
| Top Earners (P90) | $561,448 | $269.92 |
Median Salary Position
2.71% below the national average
2026 Salary Percentile Distribution in Palatine
In Palatine, IL, the anesthesiologist salary spread from the 10th to 90th percentile is $330,587 (2026 est.). At $398,037, the local median is 2.71% below the national median of $409,107.
Salary Calculator
At 40 hours/week in Palatine: You'd be above the median
How Palatine Anesthesiologist Pay Compares
Palatine median: $398,037/year (2026)
| Compared To | Median Salary | Palatine Pays |
|---|---|---|
| Illinois Average | $397,243 | +0.20% more |
| National Average | $409,107 | -2.71% less |
Anesthesiologists in Palatine, IL earn a median of $398,037 per year (2026 est.), which is 2.71% lower than the national median of $409,107 and 0.20% above the Illinois state average of $397,243.
Cost-of-Living Adjusted Salary
Palatine 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.
Palatine, IL has a cost-of-living index of 97.1 (below the national average of 100). A anesthesiologist earning $398,037 nominally has purchasing power equivalent to $409,925 in an average-cost city — an effective 2.99% boost.
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2019 BLS Actual
$292,489
2025 BLS Actual
$380,897
2026 Current Est.
$398,037
2019–2027 Growth
+42.2%
Salary Trajectory for Anesthesiologists in Palatine (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 4.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $292,489 | Actual |
| 2020 | $305,651 | Actual |
| 2021 | $319,406 | Actual |
| 2022 | $333,779 | Actual |
| 2023 | $348,799 | Actual |
| 2024 | $379,447 | Actual |
| 2025 | $380,897 | Actual |
| 2026(current) | $398,037 | Estimated |
| 2027 | $415,949 | Projected |
Based on 7 years of BLS OEWS data for the Palatine metropolitan area, the median anesthesiologist salary grew 30.2% from $292,489 (2019) to $380,897 (2025). At a 4.50% compound annual growth rate, salaries are projected to reach $415,949 by 2027 — a total increase of $123,460 (42.21%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Palatine 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) | $230,861 – $286,587 |
| 3-5 years (Mid Career) | $286,587 – $398,037 |
| 5+ years (Experienced) | $398,037 – $497,492 |
| 10+ years (Top Earner) | $497,492 – $561,448 |
ANES salary ranges estimated from BLS percentile data. Individual anesthesiologist compensation varies by employer, certifications, and specialization.
Anesthesiologist Job Market in Palatine
Currently, there are 16 anesthesiologists employed in Palatine, indicating a competitive job market, where the cost of living index stands at 97.1. This below-average index allows for a favorable take-home purchasing power compared to other regions. Major employers in the area include local hospital systems, private anesthesia groups, and ambulatory surgery centers, each offering varying compensation structures. W-2 employed roles typically provide consistent salaries but may offer less in terms of equity compared to private group partnerships, which can lead to higher earnings through case volume and bonus structures. To elevate anesthesiologist pay in Palatine, pursuing subspecialty fellowships, maximizing case loads, and carefully considering opportunities that allow for equitable partnerships are strategic choices that can lead to greater financial rewards.
More salary data for Palatine, 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 $380,897 for anesthesiologistsin the Palatine 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 Palatine 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