The average physician earns $243,400 in wages and $350,000 in total individual income, according to recent data from the University of Chicago that aims to create an accurate picture of physician earnings.
University of Chicago health economist Joshua Gottlieb, PhD, worked with a research team to create a dataset that links administrative information on physicians to tax records from 2005 to 2017.
Read more from the research brief — "Who Values Human Capitalists' Human Capital? The Earnings and Labor Supply of U.S. Physicians."
Here are three more notes on physician earnings:
1. The median physician earns $265,000 per year.
2. More than 25 percent of physicians in 2017 earned more than $425,000.
3. The top 1 percent of physicians earn more than $1.7 million.