Average Physician Salary in the US: 2020 Data & Salary Factors

According to the most recent data from the U.S. Bureau of Labor Statistics, the mean annual wage for physicians and surgeons was $208,000 in May 2020. This means that half of all physicians and surgeons earned more than $208,000, while the other half earned less.

The highest-paid physicians and surgeons earned more than $395,110 in May 2020, while the lowest-paid earned less than $56,890.

The following factors can affect a physician's salary:

* Specialty: Some specialties, such as plastic surgery and cardiology, pay more than others, such as pediatrics and family medicine.

* Experience: Physicians with more experience typically earn more than those with less experience.

* Geographic location: Physicians in some areas of the country, such as California and New York, earn more than those in other areas, such as Mississippi and Arkansas.

* Employment setting: Physicians who work in private practice typically earn more than those who work in hospitals or clinics.

It is important to note that these are just average salaries. Some physicians may earn much more or less than the amounts listed above.