- Primary care physicians earned an average of $260,000 in 2022, up from $242,000 in 2021.
- Specialists earned an average of $368,000 in 2022, up from $344,000 in 2021.
- Depending on the specialty, physicians in the West and Midwest earn the highest salaries; however, for most specialties and PCPs, salaries in the East are the lowest.
- Plastic surgery and orthopedics are #1 and #2 on annual compensation surveys, each earning over $500,000 per year, closely followed by cardiology, averaging $490,000 per year.
- The biggest salary increases in 2022 were otolaryngology (up 13%), gastroenterology (up 12%), and dermatology (up 11%).
- Pediatrics is among the lower-paid specialties but saw a 10% increase in pay on average in 2022.
- Ophthalmology and plastic surgery saw 10% salary increases as well. The biggest salary decreases are in cardiology and dermatology.
- On average, female physicians earn 23.6% less than male physicians in the same specialty. 57% of specialists earned an incentive bonus. 54% of PCPs earned an incentive bonus.
- 57% of specialists earned an incentive bonus.
- 54% of PCPs earned an incentive bonus.
Source: physiciansthrive.com