Anesthesiologist Salary in Summit, NJ: $499,586 (2026)
Quick Answer:A full-time anesthesiologist in Summit, NJ earns a median $499,586/year (≈ $240.18/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-1211). Once you factor in Summit's price level (15% above national, BEA RPP 115.2), that paycheck buys what $433,668 would nationally. Nominal pay sits 6.8% below the New Jersey state average.
Based on BLS state-level estimates · View source
With an estimated median annual salary of $499,586 for 2026, anesthesiologists in Summit, New Jersey, are earning significantly more than their counterparts nationwide, who average around $409,107. The local salary range reveals a wide disparity, with figures spanning from $289,760 at the 10th percentile to an impressive $672,775 at the 90th percentile. These projections draw from 2025 BLS data, adjusted for local economic factors, reflecting the high demand for skilled anesthesiologists in this affluent area. Notably, those with subspecialties such as pediatric anesthesiology or pain management may see enhanced earning potential, driven by the complexity and volume of cases they handle.
About the Summit Market
Salary estimated from New Jersey average ($410,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $289,760 | $139.31 |
| Lower Range (P25) | $359,703 | $172.94 |
| Median (P50)(typical) | $499,586 | $240.18 |
| Upper Range (P75) | $593,349 | $285.26 |
| Top Earners (P90) | $672,775 | $323.45 |
Median Salary Position
22.12% above the national average
2026 Salary Percentile Distribution in Summit
In Summit, NJ, the anesthesiologist salary spread from the 10th to 90th percentile is $383,015 (2026 est.). At $499,586, the local median is 22.12% above the national median of $409,107.
Salary Calculator
At 40 hours/week in Summit: You'd be above the median
How Summit Anesthesiologist Pay Compares
Summit median: $499,586/year (2026)
| Compared To | Median Salary | Summit Pays |
|---|---|---|
| New Jersey Average | $536,037 | -6.80% less |
| National Average | $409,107 | +22.12% more |
Anesthesiologists in Summit, NJ earn a median of $499,586 per year (2026 est.), which is 22.12% higher than the national median of $409,107 and 6.80% below the New Jersey state average of $536,037.
Cost-of-Living Adjusted Salary
Summit has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Summit, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $499,586 is competitive, the higher cost of living reduces purchasing power to an effective $433,668 — a 13.19% reduction.
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2019 BLS Actual
$367,110
2025 BLS Actual
$478,073
2026 Current Est.
$499,586
2019–2027 Growth
+42.2%
Salary Trajectory for Anesthesiologists in Summit (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 4.50% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $367,110 | Actual |
| 2020 | $383,630 | Actual |
| 2021 | $400,894 | Actual |
| 2022 | $418,934 | Actual |
| 2023 | $437,786 | Actual |
| 2024 | $440,163 | Actual |
| 2025 | $478,073 | Actual |
| 2026(current) | $499,586 | Estimated |
| 2027 | $522,068 | Projected |
Based on 7 years of BLS OEWS data for the Summit metropolitan area, the median anesthesiologist salary grew 30.2% from $367,110 (2019) to $478,073 (2025). At a 4.50% compound annual growth rate, salaries are projected to reach $522,068 by 2027 — a total increase of $154,958 (42.21%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Summit 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) | $289,760 – $359,703 |
| 3-5 years (Mid Career) | $359,703 – $499,586 |
| 5+ years (Experienced) | $499,586 – $593,349 |
| 10+ years (Top Earner) | $593,349 – $672,775 |
ANES salary ranges estimated from BLS percentile data. Individual anesthesiologist compensation varies by employer, certifications, and specialization.
Anesthesiologist Job Market in Summit
The job market in Summit indicates a competitive landscape for anesthesiologists, though only five currently work in the area. The cost-of-living index stands at 115.2, influencing take-home pay and purchasing power for medical professionals. Local hospitals and practices vary in compensation, with W-2 employed positions often providing steadier income while private group practices might offer partnership opportunities that include case volume bonuses and equity stakes. Factors like the burden of on-call rotations, the scope of practice, and the demand for certain specialties can greatly influence pay disparities. To maximize earnings in Summit, anesthesiologists should consider pursuing high-demand fellowships, strategically negotiating benefits, and choosing practice settings that align with their career goals and lifestyle aspirations.
More salary data for Summit, NJ:
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 $478,073 for anesthesiologistsin the Summit 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 Summit 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