Graduating psych residents…Job offers

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EDlover23

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Give a resident some light. Tell us your starting offers.
1.Location
2. Outpatient/inpatient/ PHP etc
3. Salary and benefits
4. Hours and patients to be seen

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225 hr, 4*10, inpatient with load of 12-14. Full benefits. California.
 
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Inpatient in midwest city starting at 275k salary (no productivity) with 15k for directorship position. 28 days PTO, 5 days paid CME. No call (option to opt in for extra money per night), no weekends. +1 free afternoon (for admin stuff 2/t directorship). No specific contract regarding hours and patient load, though expectation is you do not leave right away, but also not working very hard. +noncompete

Outpatient midwest city starting at 285k, typical 9-5 with 1 hour lunch (can do 7-3, or other schedule as well, but must be same total hours). No double booking. No walk in. 40 hour workweek with 1 hr daily admin time. 4 wk vacation. 30 minute follow ups, 1 hour intakes. Overall very sick population (CMHC), no call, no weekends.
 
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Inpatient in midwest city starting at 275k salary (no productivity) with 15k for directorship position. 28 days PTO, 5 days paid CME. No call (option to opt in for extra money per night), no weekends. +1 free afternoon (for admin stuff 2/t directorship). No specific contract regarding hours and patient load, though expectation is you do not leave right away, but also not working very hard. +noncompete

Outpatient midwest city starting at 285k, typical 9-5 with 1 hour lunch (can do 7-3, or other schedule as well, but must be same total hours). No double booking. No walk in. 40 hour workweek with 1 hr daily admin time. 4 wk vacation. 30 minute follow ups, 1 hour intakes. Overall very sick population (CMHC), no call, no weekends.
That top option would be a great option for someone wanting to get the experience of IP without the lifestyle hit. If you don't need to make a ton of money but want the acuity, learning, possible involuntary/court etc it sounds like a good first attending job for someone with a family or wanting to start a family.
 
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225 hr, 4*10, inpatient with load of 12-14. Full benefits. California.
Pardon my ignorance but how to they give up employed benefits but pay by the hour? Are you actually clocking in/out for this? Seems like a pretty solid setup pending call for inpatient.
 
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This is the offer you'll be given if you apply where I work/basically the job I have now:

1. Kaiser region that's not in CA (one of: WA, OR, CO, GA, VA)
2. Outpatient
3. ~290k + Fully paid health/vision/dental/disability (valuation depends on family size) + Other retirement perks roughly valued at about $40k/yr (1-3 years for these to vest/kick in) + 6 weeks (30 days) of vacation, not counting observed major holidays + >$2500 education funds
4. 1hr new, 30 min f/u. 35 weekly (7 daily) clinical hours for first 9 mo, 32.5 (6.5 daily) second 9mo, 30 (6 daily) from then on. Remainder is admin time for messages/calls/etc. Currently 1 day in-office mandatory, rest telehealth, subject to change if patient demand increases for in-person visits but no sign of that at this time.

We have at least one job opening at the moment.
 
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I don't want to hijack this thread as an old person who isn't looking for a new job, but I'm guessing this could be helpful - our system which is very formulaic in setting compensation (we get paid a certain percentile of MGMA and they somehow benchmark everything from RVUs to pager call). It is non-academic, employed, but high quality system so on the better end of pay but not quite you could get at the for-profit hospitals. Our outpatient jobs start at a hair over $300k now, up considerably from last year, which is for 36 clinical hours and no other responsibilities. Everyone can switch to productivity and things like pager, weekends are all paid extra. There are typically 2 to 3 applicants for each outpatient position but we tend to have openings on inpatient/ED.
 
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320/hr, corrections outpatient.
 
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Looking at 2021 MGMA general salary median is a little under 280k. I hear about residents having 300k+ offers in decent areas. Is salary going up that quickly, and if so how come? Changes to reimbursement?
 
I don't want to hijack this thread as an old person who isn't looking for a new job, but I'm guessing this could be helpful - our system which is very formulaic in setting compensation (we get paid a certain percentile of MGMA and they somehow benchmark everything from RVUs to pager call). It is non-academic, employed, but high quality system so on the better end of pay but not quite you could get at the for-profit hospitals. Our outpatient jobs start at a hair over $300k now, up considerably from last year, which is for 36 clinical hours and no other responsibilities. Everyone can switch to productivity and things like pager, weekends are all paid extra. There are typically 2 to 3 applicants for each outpatient position but we tend to have openings on inpatient/ED.
What's the inpatient schedule like out of curiosity? Was looking for a 7 on 7 off schedule.
 
Lol..you just throw that absurd number without any context..
I can throw even larger numbers! This is 1099, correctional work. I didn't want to dox myself with the location, but its within 40 miles of a large metro.
 
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This is the offer you'll be given if you apply where I work/basically the job I have now:

1. Kaiser region that's not in CA (one of: WA, OR, CO, GA, VA)
2. Outpatient
3. ~290k + Fully paid health/vision/dental/disability (valuation depends on family size) + Other retirement perks roughly valued at about $40k/yr (1-3 years for these to vest/kick in) + 6 weeks (30 days) of vacation, not counting observed major holidays + >$2500 education funds
4. 1hr new, 30 min f/u. 35 weekly (7 daily) clinical hours for first 9 mo, 32.5 (6.5 daily) second 9mo, 30 (6 daily) from then on. Remainder is admin time for messages/calls/etc. Currently 1 day in-office mandatory, rest telehealth, subject to change if patient demand increases for in-person visits but no sign of that at this time.

We have at least one job opening at the moment.
Honestly Kaiser is starting to sound really good!
 
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I can throw even larger numbers! This is 1099, correctional work. I didn't want to dox myself with the location, but its within 40 miles of a large metro.
Your post is meaningless without context, I can make 600/hr if I see 8 patients an hour so it’s just a meaningless number if you don’t specify the work
 
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Honestly Kaiser is starting to sound really good!
No job is perfect but this is the closest to ideal I could realistically imagine finding as far as employed jobs in desirable cities. Especially as an out-of-residency gig, which is when most people really want to have colleagues and support staff (clinical pharmacy specialists!!)
 
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Can speak in generalities about my academic system in a Northeastern city for a look at lower end on the spectrum:
-Outpatient (60 min intake, 20 or 40 min f/u): $234,000 full time, time is booked 75% clinical 25% practice management. No call required
-Inpatient: $280s, 7-10 patients daily, sometimes with a resident. Hours 8:30AM, end 3-5 PM. No call or weekends, can voluntarily sign up for moonlighting pool to cover.

So definitely lower than what's often posted here, but even academic salaries have risen significantly (>50k) in last few years in my city
 
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Your post is meaningless without context, I can make 600/hr if I see 8 patients an hour so it’s just a meaningless number if you don’t specify the work
Lol, what more context do you need? It's corrections. Don't know where this poster is located, but in California this is the going hourly rate for corrections/state prison system. You get paid $320/hr whether you sit on your ass or are seeing "8 patients an hour" (though nobody's doing that). There's a reason they pay so much obviously.
 
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Lol, what more context do you need? It's corrections. Don't know where this poster is located, but in California this is the going hourly rate for corrections/state prison system. You get paid $320/hr whether you sit on your ass or are seeing "8 patients an hour" (though nobody's doing that). There's a reason they pay so much obviously.
You don’t understand the word context? Is it a dangerous setting? Very high cost of living? Very busy? In person or telehealth? Very poor resources? Context is everything.
 
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You don’t understand the word context? Is it a dangerous setting? Very high cost of living? Very busy? In person or telehealth? Very poor resources? Context is everything.
Maybe I'm misinterpreting, but you've been increasingly prickly around here recently. I hope you're doing okay and taking care of yourself.
 
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300k should be the absolute minimum for a full time job.
Salary is very location dependent.

Also, it's important for people starting out to remember that salary isn't everything. Other benefits have financial value, and it's not wrong to consider workload/lifestyle as well.

That being said, that's not an unreasonable target in general.
 
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Salary 250k
Benefits: 6% match, 5 weeks of vacation, 10 separate holidays
Patient Census: 9-11
Involuntary IP Psychiatry
No productivity bonus
Schedule M-F 830 to whenever you finish (usually around 1)
Great administration/physician leadership.

Lower pay but the schedule can't be beat.
 
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Salary 250k
Benefits: 6% match, 5 weeks of vacation, 10 separate holidays
Patient Census: 9-11
Involuntary IP Psychiatry
No productivity bonus
Schedule M-F 830 to whenever you finish (usually around 1)
Great administration/physician leadership.

Lower pay but the schedule can't be beat.

9-11 patients for 46 weeks is about 5000 RVUs - so this position would be about the 25% percentile of $/rvu. Every inpatient job I've had is till when you leave so I'm not sure that is enough reason to be excited. Just my opinion.
 
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300k should be the absolute minimum for a full time job.
We can copy and paste MGMA but I'd say that applies to the west, Midwest and south, mid-Atlantic and northeast is still a bit lower on average.
 
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9-11 patients for 46 weeks is about 5000 RVUs - so this position would be about the 25% percentile of $/rvu. Every inpatient job I've had is till when you leave so I'm not sure that is enough reason to be excited. Just my opinion.
That's good to know. I think they're aware pay is low, there are some raises to be had in the future.

I do wish it was tied to productivity in some way, but it is a government/safety net system, so YMMV. Also wish there was a pension too.
 
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Salary is very location dependent.

Also, it's important for people starting out to remember that salary isn't everything. Other benefits have financial value, and it's not wrong to consider workload/lifestyle as well.

That being said, that's not an unreasonable target in general.
These threads are always so interesting- often really skewed towards the upper end of the spectrum for salary. Saying "300k should be the absolute minimum" is all well and good, but the only places offering this in my area are really scummy for-profit hospitals with poor patient care and really high workloads.

If you're unattached and/or have a family/partner that's fine with moving anywhere in the country then you can hit this no problem, but it's also really reasonable to consider location, work/life balance, other benefits, interest in working with certain populations, etc.

Obviously I'd prefer if my job paid me 300k! But that's not the norm in my metro area, and I would not counsel that anyone looking in my area expect this. My souse and I both have local family, and I care more about being near to them than maximizing my earning potential. Once we're limited by that, it becomes a question of "settling" for somewhere in the low/mid-200s and liking my job, or chasing a higher salary for a predatory employer. Doesn't seem like this is the norm on this forum, but plenty of my residency classmates made similar calculations.
 
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These threads are always so interesting- often really skewed towards the upper end of the spectrum for salary. Saying "300k should be the absolute minimum" is all well and good, but the only places offering this in my area are really scummy for-profit hospitals with poor patient care and really high workloads.

If you're unattached and/or have a family/partner that's fine with moving anywhere in the country then you can hit this no problem, but it's also really reasonable to consider location, work/life balance, other benefits, interest in working with certain populations, etc.

Obviously I'd prefer if my job paid me 300k! But that's not the norm in my metro area, and I would not counsel that anyone looking in my area expect this. My souse and I both have local family, and I care more about being near to them than maximizing my earning potential. Once we're limited by that, it becomes a question of "settling" for somewhere in the low/mid-200s and liking my job, or chasing a higher salary for a predatory employer. Doesn't seem like this is the norm on this forum, but plenty of my residency classmates made similar calculations.
What region are you in? Maybe the forum skews, but if you break it down: 10% of the country is California and even the academic positions are above $250k now and for a non-academic position it's going to be > $300k almost everywhere. I know in the northeast academic positions are still offering low to mid $200s; my friends at non-academic hospitals in the region though also make > $300k for normal workloads. The Midwest traditionally pays better and that seems to be where the daily offers of 'make $400k in a top 275 university town' come from. I know some isolated regions just can't increase pay (like I've heard that jobs in Vermont pay poorly when they have major recruitment problems) but I think for more than half the country non-academic salaries are starting around $300k on average. I agree not everybody is going to be in the right region to access the average salary (else it wouldn't be the average, many people make less of course), but it's definitely not the case that only for profit systems are paying that. The system I work for is in a desirable region and is very well run, not-for-profit and the starting pay is now > $300k for anybody.
 
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What region are you in? Maybe the forum skews, but if you break it down: 10% of the country is California and even the academic positions are above $250k now and for a non-academic position it's going to be > $300k almost everywhere. I know in the northeast academic positions are still offering low to mid $200s; my friends at non-academic hospitals in the region though also make > $300k for normal workloads. The Midwest traditionally pays better and that seems to be where the daily offers of 'make $400k in a top 275 university town' come from. I know some isolated regions just can't increase pay (like I've heard that jobs in Vermont pay poorly when they have major recruitment problems) but I think for more than half the country non-academic salaries are starting around $300k on average. I agree not everybody is going to be in the right region to access the average salary (else it wouldn't be the average, many people make less of course), but it's definitely not the case that only for profit systems are paying that. The system I work for is in a desirable region and is very well run, not-for-profit and the starting pay is now > $300k for anybody.
I agree, especially given recent inflation and where salaries were headed before this, if you aren't near 300k it's either to be in a very specific area that is heavily oversaturated or underfunded or taking a job that has a low workload. Either of those reasons is totally fine, there's always a balance of doing the right thing for you/your family and not being underpaid. MBAs make their bonuses underpaying labor, that's literally what they are trained to do and we happen to have some of the highest labor costs of anyone on Earth (i.e. US physicians).
 
Child psych academia straight out of fellowship

210k base compensation with no set RWU expectation %85 clinical %15 teaching/research
Flexibility to schedule 2 hour intake and one hour follow ups
University contributes %10 of total salary to pension annually
403b with %6 match
Free tuition for further postgraduate degree if intended
No call. addition stipend if you want to be in the call pool
20 days vacation, 12 days sick days, 10 days federal holiday, 5 days CME
 
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Child psych academia straight out of fellowship

210k base compensation with no set RWU expectation %85 clinical %15 teaching/research
Flexibility to schedule 2 hour intake and one hour follow ups
University contributes %10 of total salary to pension annually
403b with %6 match
Free tuition for further postgraduate degree if intended
No call. addition stipend if you want to be in the call pool
20 days vacation, 12 days sick days, 10 days federal holiday, 5 days CME
Nice, good setup for 3-5 years and then the world is your oyster. You can stay on and make below average salary with that lifestyle or branch out. If you don't have a burning need for cash and it's a good program I think it makes a lot of sense to take that job.
 
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For-profit big box outpatient clinic, med management, TMS, esketamine
Big city in West Coast
$315k/year salary, 30 clinical hours a week.
401k 4% match
4 weeks vacation
Health insurance, etc.
 
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Nice, good setup for 3-5 years and then the world is your oyster. You can stay on and make below average salary with that lifestyle or branch out. If you don't have a burning need for cash and it's a good program I think it makes a lot of sense to take that job.

Thanks. I am an international medical graduate with no medical school debt. I also needed J1 waiver in underserved. I had received offers as high as 350k annually but I felt the practice was either shady or they worked you like a dog to reach unfathomable RWU. So at least in the beginning, of my career, I chose lifestyle over money :)
 
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Lol..you just throw that absurd number without any context..
Honestly not that surprising I see offers like that texted to me from recruiters. Corrections always pay halfway decent but they will make you sit there all day and it’s highly bureaucratic
 
What region are you in? Maybe the forum skews, but if you break it down: 10% of the country is California and even the academic positions are above $250k now and for a non-academic position it's going to be > $300k almost everywhere. I know in the northeast academic positions are still offering low to mid $200s; my friends at non-academic hospitals in the region though also make > $300k for normal workloads. The Midwest traditionally pays better and that seems to be where the daily offers of 'make $400k in a top 275 university town' come from. I know some isolated regions just can't increase pay (like I've heard that jobs in Vermont pay poorly when they have major recruitment problems) but I think for more than half the country non-academic salaries are starting around $300k on average. I agree not everybody is going to be in the right region to access the average salary (else it wouldn't be the average, many people make less of course), but it's definitely not the case that only for profit systems are paying that. The system I work for is in a desirable region and is very well run, not-for-profit and the starting pay is now > $300k for anybody.
If you’re in Cali though especially any semi desirable area you better be making above 300k because that just won’t get you too far otherwise. Or have a spouse that produces a decent salary as well. Any of the HCOL areas (especially high tax) you need 300+ to be living a middle class life (nothing wrong with it). Midwestern small nothing cities for sure will pay you great but you need to travel a long way to get a decent meal, have something to do besides staring at a cornfield, and you’ll have to drive a long way or pay a ton for flights to travel.
 
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Thanks. I am an international medical graduate with no medical school debt. I also needed J1 waiver in underserved. I had received offers as high as 350k annually but I felt the practice was either shady or they worked you like a dog to reach unfathomable RWU. So at least in the beginning, of my career, I chose lifestyle over money :)
Oh as a J1 waiver job it's a slam dunk for your three years then. Well done in setting that and congrats on the start of your career as an attending. Being on a J1 at slave labor locations is horrible as they have you by the gonads.
 
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Midwestern small nothing cities for sure will pay you great but you need to travel a long way to get a decent meal, have something to do besides staring at a cornfield, and you’ll have to drive a long way or pay a ton for flights to travel.
You don't need to be in a nothing city for good pay in the Midwest. Many of the mid size cities and their burbs offer good pay, decent meals and solid enough airports to connect to US cities or get you to Ohare/Atlanta to fly out of the country. You do need to be okay with 4 seasons to the year and not be searching for the next big gala or trying to show off your 6 pack at the beach, but there's certainly a decent chunk of the population that will find it an appealing life.
 
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If you’re in Cali though especially any semi desirable area you better be making above 300k because that just won’t get you too far otherwise. Or have a spouse that produces a decent salary as well. Any of the HCOL areas (especially high tax) you need 300+ to be living a middle class life (nothing wrong with it). Midwestern small nothing cities for sure will pay you great but you need to travel a long way to get a decent meal, have something to do besides staring at a cornfield, and you’ll have to drive a long way or pay a ton for flights to travel.

Yep. Wife works part-time as an MD and we make $520k combined and we feel upper middle-class (we afforded a townhouse but cannot afford a regular house). Median townhome price in our area is $1.4M; an actual house is $2M
 
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Yep. Wife works part-time as an MD and we make $520k combined and we feel upper middle-class (we afforded a townhouse but cannot afford a regular house). Median townhome price in our area is $1.4M; an actual house is $2M
520k is the top one percent of the US and the top 0.001 percent worldwide, if that’s middle class I don’t know the meaning of the word
 
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I'm seeing 400k for UHS facility, patient cap of 15.
 
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If you’re in Cali though especially any semi desirable area you better be making above 300k because that just won’t get you too far otherwise.

Yup. I live in LA and this is spot on. I’d be out of here if I was making 300k only.
 
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Living in the non-terrible parts of California is essentially consuming a luxury good. Almost anyone living there would experience a substantial improvement in their financial situation by getting on a bus to Texas/Illinois/Georgia/whatever. Same as living in Manhattan or London or Paris.
 
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Geographic arbitrage can definitely work out well financially.
 

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You don't need to be in a nothing city for good pay in the Midwest. Many of the mid size cities and their burbs offer good pay, decent meals and solid enough airports to connect to US cities or get you to Ohare/Atlanta to fly out of the country. You do need to be okay with 4 seasons to the year and not be searching for the next big gala or trying to show off your 6 pack at the beach, but there's certainly a decent chunk of the population that will find it an appealing life.
I may have exaggerated a bit I actually like a lot of the midwest midsized cities just not personally to live in. Are you truly seeing offers coming out of a "mid-sized" city in the midwest? Like 400+ for 30min OP f/u 60min new. without call or IP job where you aren't on call and covering an ED and consults? Also what is a mid sized city? Madison? Iowa City? Ann Arbor? Akron? I would be surprised if you are getting truly eye-opening jobs in most of those cities.
 
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Geographic arbitrage can definitely work out well financially.
I'm from NJ, and according to that image only NY, HI, and DC get less out of a dollar than we do. And we pay high income tax (ranked 45 here: State and Local Tax Burdens, Calendar Year 2022 )
Any of the HCOL areas (especially high tax) you need 300+ to be living a middle class life (nothing wrong with it).
So this post just seems so out of touch to me. I make less than $300k (which is taxed more and worth less than most of the country) and am most certainly not living less than middle class life. You may say NJ isn't desirable, but we are the most densely populated state. People aren't cramming in because they want to pay higher taxes.
 
I'm from NJ, and according to that image only NY, HI, and DC get less out of a dollar than we do. And we pay high income tax (ranked 45 here: State and Local Tax Burdens, Calendar Year 2022 )

So this post just seems so out of touch to me. I make less than $300k (which is taxed more and worth less than most of the country) and am most certainly not living less than middle class life. You may say NJ isn't desirable, but we are the most densely populated state. People aren't cramming in because they want to pay higher taxes.
I'd wonder if this was moreso due to the fact so many are working in NYC and living in NY and CT is not only more expensive, but they have higher taxes than NJ. Cramming into Jersey might just be their best option...
 
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I'm looking at the Doximity salary heat map and it looks like the main areas that pay the most are the ones that seem to have lower cost of living.

The darkest blue is $600k (no clue how this is the case in Lawrence County, SD, Perry County, AR, or Copiah/Simpson Counties in MS), the medium blue in the Northern Great Plains area are around $400k, and the lighter blues are in the $200-300k range.
 

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