Physical Therapist Salary in Hoboken, NJ: $117,520 (2026)
Quick Answer:A full-time physical therapist in Hoboken, NJ earns a median $117,520/year (≈ $56.50/hour) in nominal terms for 2026 — projected from BLS OEWS 2025 (SOC 29-1123). Once you factor in Hoboken's price level (15% above national, BEA RPP 115.2), that paycheck buys what $102,014 would nationally. Nominal pay sits 3.1% below the New Jersey state average.
Based on BLS state-level estimates · View source
Physical therapists are experiencing a lucrative growth in compensation, with a projected median annual salary of $117,520 in Hoboken, New Jersey for 2026. This figure not only surpasses the national median of $105,288 but also reflects the increasing trend toward cash-pay models in specialty areas such as sports and orthopedics, which elevate upper-end salaries significantly. The salary spectrum ranges from $85,791 at the 10th percentile to $152,379 at the 90th percentile, indicating a diverse landscape for earnings within the profession. These estimates are derived from BLS state-level data and adjusted for regional cost of living, highlighting that Hoboken's physical therapist pay is both competitive and reflective of the city’s economic context.
About the Hoboken Market
Salary estimated from New Jersey average ($108,000) adjusted for local cost of living.
Salary Breakdown
| Percentile | Annual | Hourly |
|---|---|---|
| Entry Level (P10) | $85,791 | $41.25 |
| Lower Range (P25) | $95,923 | $46.12 |
| Median (P50)(typical) | $117,520 | $56.50 |
| Upper Range (P75) | $138,049 | $66.37 |
| Top Earners (P90) | $152,379 | $73.26 |
Median Salary Position
11.62% above the national average
2026 Salary Percentile Distribution in Hoboken
In Hoboken, NJ, the physical therapist salary spread from the 10th to 90th percentile is $66,588 (2026 est.). At $117,520, the local median is 11.62% above the national median of $105,288.
Salary Calculator
At 40 hours/week in Hoboken: You'd be in the lower-middle range
How Hoboken Physical Therapist Pay Compares
Hoboken median: $117,520/year (2026)
| Compared To | Median Salary | Hoboken Pays |
|---|---|---|
| New Jersey Average | $121,279 | -3.10% less |
| National Average | $105,288 | +11.62% more |
Physical Therapists in Hoboken, NJ earn a median of $117,520 per year (2026 est.), which is 11.62% higher than the national median of $105,288 and 3.10% below the New Jersey state average of $121,279.
Cost-of-Living Adjusted Salary
Hoboken has a cost of living 15.20% above the national average.
Adjusted salary = nominal × (100 / CoL index). CoL index: 100 = national average.
Hoboken, NJ has a cost-of-living index of 115.2 (above the national average of 100). While the nominal salary of $117,520 is competitive, the higher cost of living reduces purchasing power to an effective $102,014 — a 13.19% reduction.
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2019 BLS Actual
$99,831
2025 BLS Actual
$114,698
2026 Current Est.
$117,520
2019–2027 Growth
+20.6%
Salary Trajectory for Physical Therapists in Hoboken (2019–2027)
2019–2025: actual BLS OEWS data for this metro area. 2026+: CAGR 2.46% projection.
| Year | Annual Salary | Status |
|---|---|---|
| 2019 | $99,831 | Actual |
| 2020 | $101,583 | Actual |
| 2021 | $106,729 | Actual |
| 2022 | $109,072 | Actual |
| 2023 | $111,294 | Actual |
| 2024 | $120,546 | Actual |
| 2025 | $114,698 | Actual |
| 2026(current) | $117,520 | Estimated |
| 2027 | $120,411 | Projected |
Based on 7 years of BLS OEWS data for the Hoboken metropolitan area, the median physical therapist salary grew 14.9% from $99,831 (2019) to $114,698 (2025). At a 2.46% compound annual growth rate, salaries are projected to reach $120,411 by 2027 — a total increase of $20,580 (20.61%) from 2019.
Note: Historical values (2019–2025) are actual BLS OEWS figures for the Hoboken 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 2.46% 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) | $85,791 – $95,923 |
| 3-5 years (Mid Career) | $95,923 – $117,520 |
| 5+ years (Experienced) | $117,520 – $138,049 |
| 10+ years (Top Earner) | $138,049 – $152,379 |
PT salary ranges estimated from BLS percentile data. Individual physical therapist compensation varies by employer, certifications, and specialization.
Physical Therapist Job Market in Hoboken
The job market for physical therapists in Hoboken is relatively small but stable, with 15 professionals currently employed in the area. With a cost-of-living index of 115.2, the affordability of living in Hoboken should be factored into salary expectations, as it can impact overall purchasing power. Among local employers, outpatient orthopedic clinics like ATI and Athletico traditionally offer attractive pay packages, though hospital systems can provide higher salaries along with benefits. The variation in compensation often hinges on factors such as productivity expectations, board certifications (like OCS or SCS), and whether practices operate on a cash-pay basis versus insurance models. To maximize earnings in this competitive market, therapists may consider enhancing their qualifications and aligning themselves with high-demand specialties or clinics that value experience and productivity.
More salary data for Hoboken, NJ:
Frequently Asked Questions
How much do physical therapists make in Hoboken, NJ in 2026?
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Can physical therapists make $100K in Hoboken?
What is the cost-of-living adjusted physical therapist salary in Hoboken?
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Written by Alex Morgan, DPT
Career Analyst
Alex Morgan has over 10 years of experience in physical therapy. They specialize in orthopedic rehabilitation. Alex works in a private practice setting.
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 $114,698 for physical therapistsin the Hoboken metropolitan area. A 2.46% 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 Hoboken 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 2.46%, derived from historical BLS wage trends for physical therapists (SOC 29-1123).
Compiled and verified by Alex Morgan, DPT, a licensed physical therapist with 10+ years of clinical experience. · View source data at BLS.gov