Entry-Level Anesthesiologist Salary in Faribault, MN: $220,780 (2026)
Quick Answer:New anesthesiologists entering the Faribault, MN job market in 2026 can expect a starting salary around $220,780 (BLS 10th-percentile benchmark for SOC 29-1211, projected from 2025 OEWS data). Stripping out Faribault's local price level (BEA RPP 98.5 — 1% below national), a first-year paycheck buys what $224,142 would in average-cost America. Most reach the city median ($380,656) within a few years of clinical practice.
Based on BLS state-level estimates · View source
In 2026, new graduates entering the field of anesthesiology in Faribault can expect an entry-level salary starting around $220,780. This figure is significantly lower than the overall city median annual salary for anesthesiologists, which sits at $380,656. For new grads, this discrepancy is not uncommon, as they typically earn less than more experienced peers. However, the starting anesthesiologist salary in Faribault has a clear growth trajectory, with opportunities to advance up to the 25th percentile at $274,072 within the first few years of practice. Given industry standards and the expectations for growth, Faribault presents a relatively stable market for new anesthesiology graduates, allowing for upward mobility as they gain experience.
About the Faribault Market
Salary estimated from Minnesota average ($400,000) adjusted for local cost of living.
Career Earnings Timeline in Faribault
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 Faribault
Entry-level anesthesiologists in Faribault, MN typically start between $220,780 and $274,072 per year (2026 est.). The full salary range spans $300,595 from the 10th to 90th percentile, with the local median at $380,656 — 6.95% below the national median.
Return on Investment
The average anesthesiology program cost in Minnesota of $300,000 represents just 135.88% of the starting anesthesiologist pay ($220,780/year) in Faribault. 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 Faribault
- 1Research the Faribault market: entry-level anesthesiologist pay ranges from $220,780 to $274,072, 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 MN often pay a premium for expanded scope of work.
- 3Evaluate the full compensation package — in Faribault, 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 Faribault for competitive entry-level pay and structured mentorship, then move to a smaller employer once you have 2-3 years of experience.
- 5Faribault's moderate cost of living means your starting salary goes further here compared to many larger metro areas.
Anesthesiologist Compensation Range
The anesthesiologist wage spread in Faribault is $300,595 ( 136.15%) between entry-level and top earners. Starting at $220,780, experienced hygienists can earn up to $521,375.
Represents the current salary spread across experience levels, not projected career growth rate.
2019 BLS Actual
$258,375
2025 BLS Actual
$211,273
2026 Current Est.
$220,780
2019–2027 Growth
+-10.7%
Salary Trajectory for Anesthesiologists in Faribault (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 4.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $258,375 | Actual |
| 2020 | $283,571 | Actual |
| 2021 | $244,861 | Actual |
| 2022 | $155,883 | Actual |
| 2023 | $176,873 | Actual |
| 2024 | $215,866 | Actual |
| 2025 | $211,273 | Actual |
| 2026(current) | $220,780 | Estimated |
| 2027 | $230,715 | Projected |
Entry-level anesthesiologist compensation (10th percentile) in Faribault, MN grew -18.2% over 7 years based on actual BLS metropolitan area surveys, rising from $258,375 in 2019 to $211,273 in 2025. By 2027, starting salaries are projected to reach $230,715. New graduates entering the Faribault job market can expect continued year-over-year gains.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Faribault 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 Faribault
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Several organizations in Faribault actively recruit new graduate anesthesiologists, with local hospitals and larger group practices being the primary employers. Academic medical centers often provide a diverse case mix, including specialties like cardiac and pediatric anesthesia, which can be particularly beneficial for newly minted anesthesiologists aiming to build a broad skill set. Additionally, lifestyle-focused graduates might seek opportunities in outpatient surgical centers, where the absence of night and weekend calls can provide a more balanced work-life scenario. Aspiring anesthesiologists should prioritize attaining credentials such as board certification through the ABA and maintaining their DEA registration, as these can enhance their starting pay in Minnesota. The initial years can see realistic salary growth reflective of employment models; particularly, many will note a pronounced difference in compensation structures between hospital employment versus private ownership groups post-2010. Adapting to the evolving dynamics of anesthesiology practice, new graduates should anticipate steady advancement in their earnings as they establish themselves in this competitive market.
More salary data for Faribault, 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
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 Faribault. Program costs are averages and actual tuition varies by institution. ROI calculations are simplified estimates.
Data Sources & Methodology
Salary data for Faribault 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