How much money dose a doctor make in year?
According to the MedScape Physician Compensation Report 2023, the average annual salary for all physicians in the United States was $339,000. However, there was a wide range of salaries depending on specialty, years of experience, and geographic location.
The highest-paid specialties were:
- Plastic surgery: $531,000
- Orthopedics: $511,000
- Cardiology: $459,000
The lowest-paid specialties were:
- Pediatrics: $226,000
- Family medicine: $236,000
- Psychiatry: $241,000
Salaries also varied significantly by years of experience. For example, the average annual salary for a physician with less than 5 years of experience was $263,000, while the average annual salary for a physician with 20+ years of experience was $419,000.
Finally, salaries also varied by geographic location. The highest-paying states for physicians were:
- California: $435,000
- New York: $418,000
- Massachusetts: $408,000
The lowest-paying states for physicians were:
- Mississippi: $216,000
- Arkansas: $223,000
- West Virginia: $225,000
It is important to note that these are just average salaries. There are many factors that can affect a physician's salary, such as the type of practice, the size of the practice, and the location of the practice.