Entry-Level Radiologist Salary in Faribault, MN: $238,479 (2026)
Quick Answer:New radiologists entering the Faribault, MN job market in 2026 can expect a starting salary around $238,479 (BLS 10th-percentile benchmark for SOC 29-1224, 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 $242,111 would in average-cost America. Most reach the city median ($411,171) within a few years of clinical practice.
Based on BLS state-level estimates · View source
In 2026, the entry-level radiologist salary in Faribault, Minnesota, presents new graduates with a starting pay of approximately $238,479. This figure is considerably below the city median annual salary of $411,171, illustrating a potential income gap that early-career professionals may need to navigate as they begin their careers. However, the trajectory for growth appears promising, as starting salaries may rise toward the 25th percentile estimate of $296,043 within the first few years. Given the local healthcare market, Faribault can be considered a decent setting for new radiologists, especially when they align their expectations with the market dynamics, and gradually work toward higher compensation.
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 radiologists in Faribault, MN typically start between $238,479 and $296,043 per year (2026 est.). The full salary range spans $320,543 from the 10th to 90th percentile, with the local median at $411,171 — 6.95% below the national median.
Return on Investment
The average radiology program cost in Minnesota of $300,000 represents just 125.80% of the starting radiologist pay ($238,479/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 diagnostic radiology residency data. Totals reflect 4 years of medical school tuition, fees, and living expenses. Residency is salaried but adds opportunity cost; subspecialty fellowships add 1-2 additional years.
MD, DO Salary Negotiation Tips for New Graduates in Faribault
- 1Research the Faribault market: entry-level radiologist pay ranges from $238,479 to $296,043, so aim for at least the 25th percentile if you have strong credentials.
- 2Highlight any additional certifications or specialty training within the radiology 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.
Radiologist Compensation Range
The radiologist wage spread in Faribault is $320,543 ( 134.41%) between entry-level and top earners. Starting at $238,479, experienced hygienists can earn up to $559,022.
Represents the current salary spread across experience levels, not projected career growth rate.
2021 BLS Actual
$201,020
2025 BLS Actual
$227,123
2026 Current Est.
$238,479
2021–2027 Growth
+24.6%
Salary Trajectory for Radiologists in Faribault (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 5.00% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $201,020 | Actual |
| 2022 | $197,932 | Actual |
| 2023 | $203,520 | Actual |
| 2024 | $215,866 | Actual |
| 2025 | $227,123 | Actual |
| 2026(current) | $238,479 | Estimated |
| 2027 | $250,403 | Projected |
Entry-level radiologist compensation (10th percentile) in Faribault, MN grew 13.0% over 5 years based on actual BLS metropolitan area surveys, rising from $201,020 in 2021 to $227,123 in 2025. By 2027, starting salaries are projected to reach $250,403. New graduates entering the Faribault job market can expect continued year-over-year gains.
Note: Historical values (2021–2025) 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 5.00% CAGR derived from 5-year BLS historical data. Actual salaries may vary based on employer, experience, certifications, and local market conditions.
Starting Your radiology Career in Faribault
An array of employers in Faribault seeks to hire fresh graduates in radiology. Large hospital systems may offer positions that provide the essential experience needed to build a robust foundation in diagnostic radiology. Additionally, private practices and specialty groups often extend opportunities to recent graduates, allowing them to participate in new treatment methodologies and gain insights into effective RVU productivity models. Achieving ABR board certification, along with obtaining DEA registration, increases a new grad radiologist's earning potential. Moreover, prospective hires should consider the benefits of pursuing subspecialty fellowships; they can help in distinguishing candidates in the competitive landscape and are often preferred by teleradiology firms, which have gained significant traction. With a realistic salary growth expectation throughout the first three years, early-career radiologists can set clear milestones as they strive toward greater financial success, potentially entering lucrative partnership positions that can command significantly higher compensation in private practices.
More salary data for Faribault, MN:
Frequently Asked Questions
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Written by Dr. Maria Chen, MD
Career Analyst
Dr. Chen has 10 years of experience in diagnostic radiology. She specializes in imaging techniques for oncology. She works at a regional medical center.
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 radiology graduates. A 5.00% 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 5.00%, derived from historical BLS wage trends for radiologists (SOC 29-1224).
Compiled and verified by Dr. Maria Chen, MD, a licensed radiologist with 10+ years of clinical experience. · View source data at BLS.gov