What do Physicians make in the United States?

So what did a Physician make in the United States in 2013?   Compensation is often top of the mind when a Physician is looking for a new job, and salaries can vary widely depending on the specialty field and the location of the job.  We have gone through a recent study (April 2015) by www.MedScape.com that provides a good level of detail on what physicians are making...

Physician Compensation in 2013

 

The Medscape.com survey showed that a Physician in Orthopedics made the most money with an average salary of $413,000.  At the low end of the spectrum, a physician specializing in HIV/ID made $176,000 closely followed by a Family Medicine Physician.  Here is the full chart:

http://www.medscape.com/features/slideshow/compensation/2014/public/overview#2

Notes - As in previous Medscape surveys, orthopedists are the earning leaders, followed by cardiologists. Urologists and gastroenterologists are tied for third place. The lowest earners are physicians in HIV/ID, with primary care physicians and endocrinologists also in the bottom five. As in the past, those who perform procedures have the highest incomes compared with those who manage chronic illnesses. Earnings are for full-time work only. They include salary, bonus, and profit-sharing contributions. For partners, these are earnings after taxes and deductible business expenses but before income tax. They do not include non-patient-related earnings.

Comparison of compensation between Men and Women 

 

This study also looked at any differences between male and female physicians.  Here is the comparison chart:

http://www.medscape.com/features/slideshow/compensation/2014/public/overview#4

Notes - About half of all graduating physicians are now female, and 61% of female physicians are under 45 vs only 38% of men. Compared with the 2010 Compensation Report, this year's respondents -- both male and female physicians -- report higher incomes. However, men are still making more money.

What areas of the Country have the highest Physician salaries?

 

Where you practice medicine can have a significant impact on the salary you can expect.  The highest salary geographical area is located in the Great Lakes region and the lowest is in the Mid-Atlantic.  Here is the full chart:

http://www.medscape.com/features/slideshow/compensation/2014/public/overview#5

Notes - As in previous years' surveys and in keeping with other national data, the highest earners live in the North Central and Great Lakes regions and the lowest in the Mid-Atlantic and Northeast. The Bureau for Labor Statistics also reports that rural PCPs have higher earnings than those who live in cities. This disparity might be attributed to less competition in smaller communities, which usually have to pay more to attract physicians. To make matters worse for urban physicians, the cost of living is also lower in rural areas, and one report said this translates to 13% more purchasing power in the country vs the city.

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