NAICS 621111 · California overview

Physician Practices in San Luis Obispo County

San Luis Obispo County had 323 Medical Practice establishments in 2023, ranking 16 of 54 California counties and accounting for 1.1% of the statewide total.

Establishments (2023)
323
Rank 16 of 54 counties
Employees
1,713
Mid-March employment
Annual payroll
$180M
All establishments
Per 10k residents
11.4
282,367 residents

More recent reading

BLS QCEW, 2026Q1

The figures above are County Business Patterns, which carries the size distribution but runs about two years behind. The Bureau of Labor Statistics publishes quarterly, so this is the same industry roughly 3 years later. The two count different universes, Census counts establishments with paid employees in the March pay period and BLS counts worksites covered by unemployment insurance during the quarter, so the numbers are not directly comparable and either can be the larger.

Establishments
337
2026Q1
Employment
2,061
Quarter-end level
Average weekly wage
$1,926
Per covered worker
Quarterly trend
+2.4%
2025Q2 to 2026Q1
Concentration vs the national averageBLS, 2026Q1

0.90 location quotient. Medical Practice is about as concentrated in San Luis Obispo County as it is nationally.

Computed by the Bureau of Labor Statistics, not derived here. Above 1.0 means the industry is a larger share of local employment than of national employment.

Establishments by size

Employee-count distribution for Medical Practice in San Luis Obispo County. 56 of 323 establishments (17%) employ 10 or more people, the practical floor for most acquisition financing.

EmployeesEstablishmentsShareDistribution
1-420463.2%
5-96118.9%
10-194413.6%
20-49123.7%

Establishment trend

Year-over-year establishment counts, County Business Patterns. Net growth of 3.5% since 2020.

YearEstablishmentsChange
2020312n/a
2021313+1
2022309-4
2023323+14

How this market compares

San Luis Obispo County against every other county in California on the same measure. The median excludes places under 2,000 residents, where per-capita figures are arithmetically true but analytically useless.

Densely served11.4 per 10,000 residents, against a state median of 5.4

Well above the state median for this industry. A crowded market: expect established competitors and price pressure, but also a deeper pool of businesses to buy.

Vs state median
+112%
Businesses per resident
Rank by count
#16
of 54 counties
Rank by density
#3
of 54 ranked
Since 2020
+4%
Change in establishments

Density compares physician practices provision per resident. It does not measure revenue, profitability or whether a market is worth entering.

Business size mix

San Luis Obispo tracks the California size distribution closely.

Share of establishmentsSan Luis ObispoCaliforniaDifference
Under 5 employeesOwner-operated, often no management layer63.2%66.9%-3.7%
5 to 49 employeesThe range most individual buyers target36.2%31.0%+5.2%
10 or more employeesPractical floor for acquisition financing17.3%16.6%+0.7%

What acquirers look at

California’s corporate practice of medicine doctrine restricts lay ownership, so deals are structured as MSO arrangements. Not a first acquisition for an unlicensed buyer.

Cities in San Luis Obispo

The figures above cover the county as a whole. These are the places within it.

Other industries in San Luis Obispo

Sources

  1. U.S. Census Bureau, 2023 County Business Patterns. Establishment counts, employment and annual payroll by NAICS. Retrieved 2026-09-08.
  2. U.S. Bureau of Labor Statistics, Quarterly Census of Employment and Wages (2026Q1). Quarterly establishment counts and employment for employers covered by unemployment insurance. Retrieved 2026-09-08.