Anesthesiologist Salary in Savage, MN: $389,616 (2026)
Quick Answer:A full-time anesthesiologist in Savage, MN earns a median $389,616/year (≈ $187.32/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-1211). Once you factor in Savage's price level (1% below national, BEA RPP 98.5), that paycheck buys what $395,549 would nationally. Nominal pay sits 3.3% below the Minnesota state average.
Based on BLS state-level estimates · View source
In 2026, anesthesiologists in Savage, Minnesota can expect a median annual salary of $389,616, which is slightly lower than the national figure of $409,107. The salary range for these professionals varies widely, with the lowest-paid earning around $225,977 and the highest reaching approximately $545,479. These estimates are derived from 2025 BLS OEWS data, adjusted for regional price variations. The compensation landscape in Savage is heavily influenced by employment models, with hospital systems typically offering W-2 employment versus private practices that tend to follow a partnership structure. This dynamic significantly affects effective compensation, making it essential for anesthesiologists in the area to understand their employment options to maximize their earning potential.
About the Savage Market
Salary estimated from Minnesota average ($400,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $225,977 | $108.64 |
| Lower Range (P25) | $280,523 | $134.87 |
| Median (P50)(typical) | $389,616 | $187.32 |
| Upper Range (P75) | $487,158 | $234.22 |
| Top Earners (P90) | $545,479 | $262.25 |
Median Salary Position
4.76% below the national average
2026 Salary Percentile Distribution in Savage
In Savage, MN, the anesthesiologist salary spread from the 10th to 90th percentile is $319,502 (2026 est.). At $389,616, the local median is 4.76% below the national median of $409,107.
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At 40 hours/week in Savage: You'd be above the median
How Savage Anesthesiologist Pay Compares
Savage median: $389,616/year (2026)
| Compared To | Median Salary | Savage Pays |
|---|---|---|
| Minnesota Average | $402,912 | -3.30% less |
| National Average | $409,107 | -4.76% less |
Anesthesiologists in Savage, MN earn a median of $389,616 per year (2026 est.), which is 4.76% lower than the national median of $409,107 and 3.30% below the Minnesota state average of $402,912.
Cost-of-Living Adjusted Salary
Savage has a cost of living 1.50% below the national average, meaning your salary goes further here.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Savage, MN has a cost-of-living index of 98.5 (below the national average of 100). A anesthesiologist earning $389,616 nominally has purchasing power equivalent to $395,549 in an average-cost city — an effective 1.52% boost.
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2019 BLS Actual
$286,301
2025 BLS Actual
$372,838
2026 Current Est.
$389,616
2019–2027 Growth
+42.2%
Salary Trajectory for Anesthesiologists in Savage (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 4.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $286,301 | Actual |
| 2020 | $299,184 | Actual |
| 2021 | $312,648 | Actual |
| 2022 | $326,717 | Actual |
| 2023 | $341,419 | Actual |
| 2024 | $380,942 | Actual |
| 2025 | $372,838 | Actual |
| 2026(current) | $389,616 | Estimated |
| 2027 | $407,148 | Projected |
Based on 7 years of BLS OEWS data for the Savage metropolitan area, the median anesthesiologist salary grew 30.2% from $286,301 (2019) to $372,838 (2025). At a 4.50% compound annual growth rate, salaries are projected to reach $407,148 by 2027 — a total increase of $120,847 (42.21%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Savage 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) | $225,977 – $280,523 |
| 3-5 years (Mid Career) | $280,523 – $389,616 |
| 5+ years (Experienced) | $389,616 – $487,158 |
| 10+ years (Top Earner) | $487,158 – $545,479 |
ANES salary ranges estimated from BLS percentile data. Individual anesthesiologist compensation varies by employer, certifications, and specialization.
Anesthesiologist Job Market in Savage
Currently, Savage employs nine anesthesiologists, indicating a stable job market for this specialty in the region. The local cost of living index sits at 98.5, suggesting that while salaries may be lower than the national average, the purchasing power remains fairly balanced in this community. Among local healthcare employers, hospital systems may provide a more stable salary structure, while private anesthesia groups often incentivize higher pay through partnership equity and bonuses based on case volume and call burden. Factors such as subspecialty certifications, a heavier case load, and volume of procedures can create significant disparities in compensation. For anesthesiologists targeting the best pay in Savage, aligning with groups that offer favorable partnership opportunities and focusing on continued education and fellowship training will be key strategies for maximizing their earnings amid varying employment models.
More salary data for Savage, MN:
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 $372,838 for anesthesiologistsin the Savage 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 Savage 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