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Primary care physicians, the most common specialty, have the lowest earnings. [8] The highest earners tend to be specialists who perform procedures and surgeons. [8] Physician salaries in the United States comprise 8.6% of total national healthcare spending. [8] On average, physicians in the US work 55 hours each week.
According to the 2022 Medscape Physician Compensation Report, physicians on average earn $339K annually. Primary care physicians earn $260K annually while specialists earned $368K annually. [6] The table below details the average range of salaries for physicians in the US of medical specialties: [6] [7]
In December 2007, the President's Pay Agent reported that an average locality pay adjustment of 36.89% would be required to reach the target set by FEPCA (to close the computed pay gap between federal and non-federal pay to a disparity of 5%). By comparison, in calendar year 2007, the average locality pay adjustment actually authorized was 16.88%.
According to health data collected by the OECD, average income for physicians in the United States in 1996 was nearly twice that for physicians in Canada. [89] In 2012, the gross average salary for doctors in Canada was CDN$328,000. Out of the gross amount, doctors pay for taxes, rent, staff salaries and equipment. [90]
Salaries for family physicians in the United States are lower than average for physicians, with the average being $234,000. [34] However, when faced with debt from medical school, most medical students are opting for the higher-paying specialties.
Average wage in the United States was $69,392 in 2020. [1] Median income per person in the U.S. was $42,800 in 2019. [2] The average is higher than the median because there are a small number of individuals with very high earnings, and a large number of individuals with relatively low earnings. (See Income inequality in the United States.)
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Medical doctors per 1,000 people in 2018. [1]Physician supply refers to the number of trained physicians working in a health care system or active in the labor market. [2] The supply depends primarily on the number of graduates of medical schools in a country or jurisdiction but also on the number continuing to practice medicine as a career path and remaining in their country of origin.