For healthcare professionals considering a career in physical therapy, one of the most important questions is how much they can expect to earn. This is especially relevant for those interested in practicing in Michigan, where there are unique factors that affect salaries and benefits.
In this article, we will explore the average salary range for physical therapists working in different settings throughout Michigan. We’ll also examine key trends and factors that contribute to compensation levels, such as experience level, location, specialization, and industry demand.
Whether you’re already working in the field or just starting out, understanding these factors can help you make informed decisions about your career path and financial goals. You might be surprised by some of the insights we uncover about what it takes to succeed as a physical therapist in Michigan.
“As a healthcare professional, being well-informed about compensation packages can aid in making advantageous career choices.” -Unknown
So let’s dive into the data and look at the numbers for physical therapists in Michigan. By the end of this article, you’ll have a better sense of what the job market looks like for physical therapists in Michigan, what kind of salaries and benefits you can expect, and how you can maximize your earning potential in this rewarding healthcare profession.
Salary Overview: What is the Average Income of Physical Therapists in Michigan?
Physical therapists are highly valued healthcare professionals who work closely with patients to help them manage pain, improve their mobility and restore their independence. If you’re considering a career as a physical therapist in Michigan, it’s important to know what type of salary you can expect.
In Michigan, the average annual salary for physical therapists is around $87,000 per year according to the US Bureau of Labor Statistics (BLS). This figure is slightly below the national average for physical therapist salaries in the US which stands at approximately $90,000 annually. However, there are a number of factors that can impact how much physical therapists make, including experience level, location and employer.
Factors that Affect Physical Therapist Salaries in Michigan
As mentioned previously, there are several key factors that determine how much physical therapists can earn in Michigan:
- Experience Level: Experienced physical therapists tend to earn more than those who are new to the profession. According to BLS data, physical therapists in Michigan who have more than five years of experience typically earn an average of $95,000 annually, while those with less than five years of experience earned an average salary of $79,000.
- Location: Where you work in Michigan can also impact your potential earning power as a physical therapist. Typically, physical therapists working in urban areas such as Detroit or Grand Rapids will earn more than those working in rural communities. Additionally, some parts of Michigan offer higher cost-of-living expenses which could be reflected in a higher salary.
- Employer: The type of employer that you choose can also impact how much money you make as a physical therapist. For example, physical therapists who work within hospitals or outpatient clinics may earn more than those who work in schools or skilled nursing facilities.
What is the Median Salary of Physical Therapists in Michigan?
If you’re interested in knowing what the “typical” physical therapist makes in terms of salary in Michigan, the median value may be a helpful statistic to examine. The median annual salary for physical therapists working in Michigan according to BLS data is approximately $85,000 per year. This means that half of all physical therapists in Michigan earn less than this amount and half earn more.
What is the Average Hourly Wage of Physical Therapists in Michigan?
In addition to tracking annual salaries, it may also be useful to examine hourly wages. According to data from the BLS, physical therapists in Michigan earned an average hourly wage of approximately $41.00 per hour across the state. Again, location can play a role in hourly wage variation with some areas offering higher wages due to cost-of-living or demand for skilled healthcare workers.
How do Physical Therapist Salaries in Michigan Compare to National Averages?
As previously mentioned, the national average salary for physical therapists in the US sits at about $90,000 annually. While Michigan’s average salary falls slightly below this figure, physical therapists in Michigan still command relatively high salaries compared to other professions. According to the BLS, physical therapy is one of the higher-paying medical jobs in Michigan as well as nationally.
“Physical therapists have great earning potential throughout their career. While entry-level pay might not be as high as other health care careers, the long-term prospects are positive given the need for PTs. Additionally, many physical therapists enjoy competitive benefits such as bonuses, 401(k) match, flexible schedules, and paid time off.”
This quote from The Balance Careers highlights the positive earning potential for physical therapists in Michigan. While salaries may vary based on specific factors such as experience level or location, physical therapy is a career field that offers good compensation and job security to skilled professionals.
Bonus Packages and Profit Sharing: How Much Can Physical Therapists Earn in Michigan?
Physical therapy is a highly valued profession that provides people with the necessary treatment to relieve them of musculoskeletal issues, immobility, and chronic pain. As healthcare gains more importance globally, physical therapists are gaining popularity across various states in America. This article examines how much physical therapists make in Michigan by exploring their bonus packages and profit sharing policies.
What is the Average Bonus Package for Physical Therapists in Michigan?
In Michigan, physical therapists earn an average salary of $86,850 annually, based on data from May 2019 reported by BLS. The average hourly wage for full-time regular employees was $41.79 per hour.
Most private rehabilitation centers offer a performance-based incentive or bonus package for experienced physical therapists. In contrast, new recruits usually start at a base salary without bonuses until they prove their expertise and skill level capable of delivering advanced services.
“The demand for physical therapists is projected to increase due to the aging baby boomers and patients seeking therapy even earlier for surgical procedures.” -Melanie Poturica, PT, DPT, OCS, Comstock Park Rehabilitation Center
The additional cash compensation may vary depending on several factors such as location, experience, education, and job position. On average, according to Payscale, the bonus incentives could be up to $10,163, ranging from $16.18 – $8.50k. Some employers also provide sign-on bonuses that can reach $7.25 thousand, making the total annual revenue around $93,272.
Do Physical Therapists in Michigan Receive Profit Sharing?
When it comes to profit sharing, there is a significant divergence of opinion across several rehabilitation centers. Some employers offer this benefit as a motivational tool for physical therapists to stay productive and motivated while others focus mainly on providing adequate salaries.
The majority of large healthcare facilities or hospitals are more likely to offer their staff profit-sharing promotions at rates ranging from $8k to $20k, averaging about 10% of a therapist’s total annual amount earned. Others may provide lower amounts or none at all due to high expenses required by profits shearing policies among other reasons.
If you have an interest in pursuing a career in physical therapy, consider working in Michigan if you’re interested in earning competitive payment packages supported by additional incentives such as bonuses and potential profit sharing. The positive effects of your contributions to the lives of your patients coupled with potential monetary benefits enable physical therapists to improve overall well-being while enjoying financial security as well.
Experience Matters: What is the Salary Range for Physical Therapists in Michigan Based on Experience?
What is the Entry-Level Salary for Physical Therapists in Michigan?
Physical therapy is a lucrative and rewarding profession with many opportunities to grow professionally. If you are just starting your career as a physical therapist in Michigan, you can expect to earn an entry-level salary of around $60,000 per year. This is based on data from Payscale.com.
The Bureau of Labor Statistics (BLS) also reports that the median annual wage for physical therapists in Michigan was $87,220 as of May 2020.
What is the Salary Range for Mid-Career Physical Therapists in Michigan?
If you have been working as a physical therapist for a few years and have gained some experience, you can expect your salary to increase significantly. According to Payscale.com, mid-career physical therapists in Michigan can earn anywhere between $70,000 to $90,000 per year, depending on their specialization, location, and other factors.
The BLS reports that the top 10% of physical therapists in Michigan earned over $118,000 per year as of May 2020.
What is the Salary Range for Experienced Physical Therapists in Michigan?
With several years of experience under your belt, you can command a higher salary as a physical therapist. According to Payscale.com, experienced physical therapists in Michigan can make anywhere between $85,000 to $110,000 per year or more.
The BLS also notes that physical therapists employed by home healthcare services tend to earn the highest median wage ($95,270), followed by those employed in nursing care facilities ($93,420).
What is the Salary Range for Late-Career Physical Therapists in Michigan?
If you have been working as a physical therapist for many years and have developed a wealth of experience and expertise, your earning potential will increase further still. Payscale.com reports that late-career physical therapists in Michigan can earn upwards of $110,000 per year.
The BLS notes that employment growth of physical therapists in Michigan is expected to be strong over the next decade, which means there will be ample opportunities for experienced professionals to advance their careers and earn more money.
“Physical therapy is a growing career field with excellent job prospects and high earning potential,” says American Physical Therapy Association President Sharon L. Dunn, PT, PhD. “As the baby boomers age and require more rehabilitation services, demand for physical therapists is projected to continue at a brisk pace.”
Location, Location, Location: How Much Do Physical Therapists Earn in Different Cities in Michigan?
What is the Average Salary for Physical Therapists in Detroit, Michigan?
Physical therapists play an important role in helping patients recover from injuries, illnesses or surgeries. But how much do these professionals make in different cities in Michigan? Let’s start with Detroit, which is ranked as the most populous city in the state of Michigan.
The average salary for a physical therapist in Detroit, Michigan, according to Glassdoor, is $79,530 per year. However, this can vary depending on factors such as years of experience, level of education and specialty area within physical therapy.
“Detroit remains a key economic hub in the Midwest, with multiple healthcare systems and academic institutions creating jobs for healthcare providers,” says Brian Peters, CEO of the Michigan Health & Hospital Association.
Physical therapists in Detroit may also benefit from bonuses, profit sharing and commission opportunities, which could improve their earnings potential. In addition, salaries for physical therapists are typically higher in metropolitan areas than in rural or suburban locations due to demand for healthcare services and cost of living expenses.
What is the Average Salary for Physical Therapists in Grand Rapids, Michigan?
Grand Rapids is the second-largest city in Michigan after Detroit, known for its thriving business community, strong arts scene, and natural beauty. What is the average salary for physical therapists in this vibrant city?
According to Salary.com, the average annual salary for physical therapists in Grand Rapids is $81,317, slightly higher than that of Detroit. However, it should be noted that some sources indicate lower figures for this metric at around $74,000 – $76,000 per year.
“There’s definitely a demand for healthcare services in West Michigan,” says Hannah Ferns, Talent Program Manager at The Right Place, a regional economic development organization. “Grand Rapids is an attractive location for healthcare providers due to its stable economy and quality of life.”
It’s worth noting that salaries can vary greatly between different employers, with hospitals typically paying more than smaller private practices or outpatient clinics. Factors such as location within the city (downtown versus suburban) and physical therapist specialization may also affect earnings.
What is the Average Salary for Physical Therapists in Ann Arbor, Michigan?
Ann Arbor, located about 40 miles west of Detroit, is known for its academic institutions, vibrant downtown area and beautiful parks. What can physical therapists expect to earn in this city?
Based on data from Salary.com, the average annual salary for physical therapists in Ann Arbor is $83,976. This makes it one of the highest-paying cities for physical therapists in Michigan. Indeed.com reports similar figures, suggesting that the median compensation for physical therapists in Ann Arbor is around $80,000 per year.
“Ann Arbor’s significant research activity in the areas of health care and medicine provides relevant job opportunities for healthcare professionals like physical therapists,” says Paul Krutko, CEO of Ann Arbor SPARK, a nonprofit group focused on promoting business growth.
This high earning potential could attract more physical therapy graduates and experienced professionals to move to Ann Arbor in search of better career prospects. However, it would be wise to factor in the cost of living in Ann Arbor, which has a higher-than-average cost of housing and overall expenses compared to other parts of Michigan.
The average salary for physical therapists in Michigan varies depending on factors such as geographic location, employer, level of education and years of experience. While Detroit and Grand Rapids have lower average salaries compared to Ann Arbor, they still provide ample job opportunities for physical therapists, especially those with specialized skills or experience. Ultimately, it’s important for physical therapists to consider their personal preferences, career goals and lifestyle factors when deciding where to practice in Michigan.
Industry Comparison: How Does the Average Salary of Physical Therapists in Michigan Compare to Other Industries?
In Michigan, physical therapy is a rapidly growing industry. More and more people are seeking therapy services due to injuries caused by car accidents, sports, or just general aging. Naturally, this growth has raised questions about how much physical therapists make in Michigan compared to other industries.
- The average salary for a physical therapist in Michigan is $86,710 per year according to May 2020 data from the Bureau of Labor Statistics (BLS).
- This is higher than the average salary earned by residents of Michigan which was $58,000 in 2019 according to Crain’s Detroit Business.
So how does the salary of physical therapists compare to professionals in other industries within Michigan? Let’s take a look at two sectors:
How does the Salary of Physical Therapists in Michigan Compare to Other Healthcare Professionals?
According to BLS data published in March 2021, the average annual wage for all healthcare practitioners and technical occupations in Michigan was $75,970. This places physical therapists above the average earning potential for most professions in the healthcare sector.
- Average annual wages for some of the other professions in the healthcare sector include:
- Registered Nurses – $67,720
- Occupational Therapy Assistants – $56,640
- Respiratory Therapists – $62,880
From these figures, it’s clear that on average, physical therapists in Michigan can earn significantly more than most of their counterparts working in other medical professions. Although it should be mentioned that specialties such as orthodontics, psychiatry and general dentistry do earn much higher annual wages of $226,650, $214,860 and $198,960 respectively according to the BLS.
How does the Salary of Physical Therapists in Michigan Compare to Other Professions in the Rehabilitation Industry?
The rehabilitation industry is one which many physical therapists often work within. This sector includes various professions like occupational therapy, speech-language pathology and recreational therapy.
- According to the BLS, some comparable average salaries earned by professionals in the rehabilitation field are:
- Occupational Therapy Assistants – $56,640
- Speech-Language Pathologists – 81,560
- Recreational Therapists – $47,300
Compared to these industries, physical therapists in Michigan tend to outperform their peers when it comes to earning potential. With a salary of $86,710 per year on average, physical therapists in Michigan make more than any other profession in the rehabilitation industry except for Speech-Language Pathologists who have an average yearly salary of $81,560.
How does the Salary of Physical Therapists in Michigan Compare to Other Professions in the Medical Field?
The healthcare field is vast and diverse, and there are lots of different types of professionals involved. Some of these include physicians, pharmacists, and psychologists. So how does the salary of a Michigan-based PT compare with these jobs?
- Here are some occupations in the medical field along with their corresponding yearly wage:
- Physicians (and Surgeons): $202,430
- Pharmacist: $122,230
- Clinical Psychologists: $85,300
Considering these figures, it becomes evident that physical therapists in Michigan may not earn as much as some other medical professionals such as Doctors and Pharmacists. Although they do make more than Clinical Psychologists who have an average salary of $85,300 per year.
“Physical therapy is a profession where people can make a meaningful difference in other’s lives on a daily basis.”- Larry Benz, DPT, MBA, OCS, MAPP, co-founder and CEO of Confluent Health and owner of physical therapy provider Results Physiotherapy.
Physical therapists in Michigan appear to make above-average money compared to many professionals serving the healthcare industry including occupational therapy assistants, registered nurses, respiratory therapists and social workers. They also earn significantly more than individuals working within rehabilitation professions like speech-language pathology or recreational therapy. However, when compared with some higher earning professions in other areas of medicine, their earnings fall short. But regardless of income, PTs play a critical role in improving the quality of life for so many people every day!
Job Outlook: What is the Future of Physical Therapy as a Career in Michigan?
The future of physical therapy as a career in Michigan looks promising. With an aging population and increasing awareness about the benefits of physical therapy, there will be a growing demand for professionals in this field.
What is the Projected Growth Rate for Physical Therapy Jobs in Michigan?
The projected growth rate for physical therapy jobs in Michigan is higher than average when compared to other occupations. According to the Bureau of Labor Statistics (BLS), the employment of physical therapists in Michigan is expected to grow by 26% from 2019 to 2029, which is much faster than the average for all occupations.
This growth is attributed to various factors, including the aging baby boomer generation, advances in medical technology that allow people with disabilities and chronic conditions to live longer and better lives, and changes in healthcare legislation that provide greater access to care.
What is the Demand for Physical Therapists in Michigan?
The demand for physical therapists in Michigan is high and continuing to rise. In fact, Michigan ranks among the top states in terms of employment levels and concentration of jobs in this occupation.
According to the BLS, Michigan employed approximately 8,530 physical therapists as of May 2019, and these professionals earned a mean annual wage of $84,220. The highest-paid physical therapists in the state earned more than $118,240, while the lowest paid earned less than $59,080.
In addition to traditional settings like hospitals, rehabilitation centers, and private practices, physical therapists in Michigan can also find job opportunities in sports and fitness facilities, schools, government agencies, and home health services.
“The outlook for physical therapy as a profession remains very strong, and we anticipate continued growth in the demand for PTs across settings,” says Justin Moore, CEO of the American Physical Therapy Association.
If you are considering a career in physical therapy in Michigan, it is important to note that this profession requires advanced education. You will need to obtain a Doctor of Physical Therapy (DPT) degree from an accredited program and pass state licensing exams before practicing as a physical therapist.
- The University of Michigan-Flint offers a DPT program that prepares students for entry-level practice in various healthcare settings.
- Central Michigan University also has a highly-regarded DPT program that combines classroom learning with hands-on clinical experience.
- You can also find DPT programs at other universities and colleges throughout Michigan, including Oakland University, Grand Valley State University, and Wayne State University.
The future of physical therapy as a career in Michigan looks bright. With above-average job growth rates and high demand for professionals in this field, physical therapy is an excellent choice for those looking for a rewarding career helping others improve their mobility, manage pain, and recover from injury or illness.
Frequently Asked Questions
What is the average salary of a physical therapist in Michigan?
The average salary of a physical therapist in Michigan is $84,200 per year. However, this can vary depending on several factors such as location, experience, and industry.
What factors affect the salary range for physical therapists in Michigan?
The salary range for physical therapists in Michigan can be affected by several factors, including experience, education, location, and industry. PTs who work in hospitals or outpatient care centers tend to earn higher salaries than those who work in schools or home healthcare.
How does the level of experience of a physical therapist impact their earnings in Michigan?
The level of experience can have a significant impact on the earnings of a physical therapist in Michigan. Generally, PTs with more experience tend to earn higher salaries than those who are just starting. Additionally, experience in a specialized area such as sports medicine or neurology can also lead to higher earnings.
What are the highest paying cities for physical therapists in Michigan?
The highest paying cities for physical therapists in Michigan are Ann Arbor, Grand Rapids, and Detroit. Physical therapists in these cities can earn salaries that are higher than the state average due to the higher cost of living and demand for healthcare services.
What qualifications and certifications can increase a physical therapist’s salary in Michigan?
Physical therapists in Michigan can increase their salary by obtaining specializations or certifications in areas such as geriatrics, sports medicine, or neurology. Additionally, a Doctor of Physical Therapy (DPT) degree can also lead to higher earnings and more job opportunities.
How do physical therapist salaries in Michigan compare to other states?
Physical therapist salaries in Michigan are slightly lower than the national average. However, the cost of living in Michigan is lower than many other states, which can offset the lower salaries. The highest paying states for physical therapists include Nevada, California, and Texas.