How Much Do Physicians & Surgeons Make?

In Physician, Psychiatrist & Psychologist, Salary
April 6, 2017

How Much Do Physicians & Surgeons Make?

If you’re wondering how much physicians & surgeons make, you’ve come to the right place. This article takes an in-depth look at job growth and salaries of physicians & surgeons across the country over the next decade.

Physicians and surgeons are the bread-and-butter of the healthcare industry. They are considered primary care-givers and are tasked with taking a biological approach to diagnosing and treating illnesses and injuries.

Additionally, doctors must ensure detailed medical histories are maintained, prescribe medications, read and interpret any diagnostic tests that may be taken on an individual patient, counsel patients on their condition, diet, and/or hygiene, and ensure preventive measures are taken to ensure their patients long-term health.

If you’re considering a job in healthcare, now is a great time to consider becoming a physician or surgeon. As with many other careers in the healthcare field, the demand for these positions is expected to rise over the next decade with the influx of new patients largely due to the physician shortage and an aging population.

How Much Are Physicians & Surgeons Paid?

How much a physician or surgeon can make via salary can vary dramatically depending on several factors, including location, age, experience, education, skill-level, type of position and several others.

As represented in the graph below, pharmacists without any further specialization or outside income can expect to earn a median hourly wage of $56.96, or $120,950 per year.

Physician Surgeon Salary

Return on Investment

In order to become a physician or surgeon, students must pursue a either a bachelor’s or preprofessional degree which will generally take 4 years of your time. This must be followed by the completion of a 4-year medical degree program, a residency program, and the required state license. In total, future physicians and surgeons are looking at a minimum of 10 years of higher education, and the costs that come along with it.

The return on investment for physicians and surgeons will ultimately vary based on the individual, their circumstances, the school of choice, the location in which they work, whether they choose to work in corporate or private practices, and other factors.

Most students will deem it necessary to take out student loans to cover the costs of their education, averaging roughly $170,000 in debt once graduated.

Regardless of which path you choose, with a projected 150,000 new doctors being employed between 2016 and 2030, you can be confident that your job security will stay strong if you choose this path.

Best States for Physician & Surgeon Salaries

A major factor in determining what your salary may look like is the location in which you plan to work. However, this principle applies to nearly all occupations largely due to the varying cost-of-living rates across the country.

The Bureau of Labor Statistics collects salary and employment data for nearly all positions, nationwide. The following table ranks all 50 states from the highest to lowest paying for physicians & surgeons:

*Location quotients serve as a statistical representation of the concentration of a resource, like jobs, with a broader base area.

StateEmploymentEmp./1000Location QuotientHourlyAnnually
Alabama5,3502.791.16$116.77$242,890
Alaska3501.070.44$114.78$238,740
Arizona5,0301.900.79$102.26$212,690
Arkansas2,5602.150.89$87.44$181,880
California25,3001.580.66$97.01$201,790
Colorado2,5301.010.42$115.17$239,540
Connecticut5,3203.191.32$97.40$202,590
DC2,1503.061.27$84.20$174,760
Delaware1,5303.471.44$105.62$219,690
Florida19,7702.401.00$105.29$219,010
Georgia9,4602.250.93$106.43$221,370
Hawaii1,1201.780.74$116.15$241,600
Idaho9601.450.60$105.54$219,520
Illinois$194,0102.060.85$93.27$194,010
Indiana8,9903.011.25$110.15$229,120
Iowa2,6001.690.70$110.09$228,980
Kansas4,1703.031.26$99.29$206,530
Kentucky3,5501.900.79$84.37$176,330
Louisiana3,5601.850.77$102.37$212,920
Maine2,0403.421.42$118.78$247,060
Maryland10,0903.821.58$91.63$190,600
Massachusetts11,2703.261.35$88.67$184,430
Michigan13,5203.211.33$92.15$191,670
Minnesota3,9801.420.59$121.85$253,440
Mississippi1,9201.720.71$88.12$183,280
Missouri4,3201.570.65$99.07$206,070
Montana1,1102.441.01$116.35$242,010
Nebraska1,6801.740.72$78.72$163,730
Nevada1,6301.280.53$109.18$227,080
New Hampshire1,8202.821.17$131.16$272,820
New Jersey13,6703.461.43$93.82$195,150
New Mexico1,7002.100.79$112.34$233,660
New York44,8704.932.04$85.26$177,330
North Carolina10,7402.541.05$102.47$213,140
North Dakota4000.950.39$117.57$244,550
Ohio14,5502.731.13$100.21$208,440
Oklahoma2,6701.680.70$110.60$230,060
Oregon5,5703.111.29$93.36$194,180
Pennsylvania18,4403.211.33$94.83$197,250
Rhode Island2,0204.251.76$100.53$209,100
South Carolina3,0201.520.63$90.44$188,110
South Dakota4100.980.41$119.36$248,270
Tennessee6,2202.150.89$118.92$247,360
Texas18,8601.610.67$99.88$207,750
Utah1,8501.340.56$107.82$224,260
Vermont1,0103.311.37$98.64$205,180
Virginia7,3601.960.81$107.87$224,380
Washington6,4802.110.88$110.03$228,860
West Virginia2,9904.281.77$110.15$229,110
Wisconsin5,5801.990.83$120.87$251,400
Wyoming3801.360.56$124.97$259,940

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