Radiologist Salary in Parsippany-Troy Hills, NJ: $594,558 (2026)
Quick Answer:A full-time radiologist in Parsippany-Troy Hills, NJ earns a median $594,558/year (≈ $285.84/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-1224). Once you factor in Parsippany-Troy Hills's price level (15% above national, BEA RPP 115.2), that paycheck buys what $516,109 would nationally. Nominal pay sits 1.2% above the New Jersey state average.
Based on BLS state-level estimates · View source
In Parsippany-Troy Hills, NJ, the 2026 median annual salary for radiologists is projected at $594,558, significantly higher than the national median of $441,903, illustrating a lucrative opportunity in this suburb. The salary spectrum ranges from $344,844 at the 10th percentile to $822,660 at the 90th percentile, indicating diverse earning potential based on experience, subspecialty, and practice model. This favorable compensation environment is influenced by various factors, including local demand for imaging services, the presence of teleradiology options that can enhance effective hourly compensation, and the regional cost adjustments derived from BLS data. Such robust salaries reflect the competitive landscape for radiologists in the area, where specialized skills and productivity play critical roles in pay structures.
About the Parsippany-Troy Hills Market
Salary estimated from New Jersey average ($405,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $344,844 | $165.80 |
| Lower Range (P25) | $428,082 | $205.81 |
| Median (P50)(typical) | $594,558 | $285.84 |
| Upper Range (P75) | $707,232 | $340.01 |
| Top Earners (P90) | $822,660 | $395.51 |
Median Salary Position
34.54% above the national average
2026 Salary Percentile Distribution in Parsippany-Troy Hills
In Parsippany-Troy Hills, NJ, the radiologist salary spread from the 10th to 90th percentile is $477,816 (2026 est.). At $594,558, the local median is 34.54% above the national median of $441,903.
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How Parsippany-Troy Hills Radiologist Pay Compares
Parsippany-Troy Hills median: $594,558/year (2026)
| Compared To | Median Salary | Parsippany-Troy Hills Pays |
|---|---|---|
| New Jersey Average | $587,508 | +1.20% more |
| National Average | $441,903 | +34.54% more |
Radiologists in Parsippany-Troy Hills, NJ earn a median of $594,558 per year (2026 est.), which is 34.54% higher than the national median of $441,903 and 1.20% above the New Jersey state average of $587,508.
Cost-of-Living Adjusted Salary
Parsippany-Troy Hills has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Parsippany-Troy Hills, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $594,558 is competitive, the higher cost of living reduces purchasing power to an effective $516,109 — a 13.19% reduction.
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2021 BLS Actual
$465,852
2025 BLS Actual
$566,246
2026 Current Est.
$594,558
2021–2027 Growth
+34.0%
Salary Trajectory for Radiologists in Parsippany-Troy Hills (2021–2027)
2021–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 5.00% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2021 | $465,852 | Actual |
| 2022 | $489,145 | Actual |
| 2023 | $513,602 | Actual |
| 2024 | $472,185 | Actual |
| 2025 | $566,246 | Actual |
| 2026(current) | $594,558 | Estimated |
| 2027 | $624,286 | Projected |
Based on 5 years of BLS OEWS data for the Parsippany-Troy Hills metropolitan area, the median radiologist salary grew 21.6% from $465,852 (2021) to $566,246 (2025). At a 5.00% compound annual growth rate, salaries are projected to reach $624,286 by 2027 — a total increase of $158,434 (34.01%) from 2021.
Note: Historical values (2021–2025) are actual BLS OEWS figures for the Parsippany-Troy Hills 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.
Salary by Experience Level
| Experience | Estimated Salary Range |
|---|---|
| 0-2 years (New Graduate) | $344,844 – $428,082 |
| 3-5 years (Mid Career) | $428,082 – $594,558 |
| 5+ years (Experienced) | $594,558 – $707,232 |
| 10+ years (Top Earner) | $707,232 – $822,660 |
MD, DO salary ranges estimated from BLS percentile data. Individual radiologist compensation varies by employer, certifications, and specialization.
Radiologist Job Market in Parsippany-Troy Hills
In terms of market dynamics, Parsippany-Troy Hills employs only eight radiologists, creating a tight-knit community of professionals. With a cost of living index of 115.2, radiologists must consider how expenses impact their purchasing power when evaluating compensation. Employers such as private radiology group practices and hospital-employed departments typically offer varying salary scales, with private practices often providing higher compensation packages, particularly for those who can take equity stakes. Additionally, the breadth of earnings reflects differences in RVU productivity, subspecialty mixes—interventional radiology, for example, commands a premium—and night or weekend call commitments, as well as the distinction between W-2 arrangements compared to partnership opportunities. To maximize earnings, prospective radiologists should focus on enhancing their productivity metrics and exploring lucrative teleradiology roles that can supplement their income effectively in the vibrant Parsippany-Troy Hills market.
More salary data for Parsippany-Troy Hills, NJ:
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
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 $566,246 for radiologistsin the Parsippany-Troy Hills metropolitan area. A 5.00% 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 Parsippany-Troy Hills 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