Average physician income by practice size

The average physician in solo practice in 2022 made $251,000, according to Medical Economics’ “94th Physician Report” released Aug. 4.

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The report collected data from Medical Economics’ physician audience on salary, productivity and more.

Here are the average incomes for physicians in different sizes of practices from 2019 to 2022: 

Solo practice

2019: $253,000

2020: $242,000

2021: $247,000

2022: $251,000

Two physicians

2019: $280,000

2020: $259,000

2021: $267,000

2022: $285,000

Three to 10 physicians 

2019: $282,000

2020: $287,000

2021: $271,000

2022: $281,000

Eleven to 50 physicians 

2019: $277,000

2020: $281,000

2021: $283,000

2022: $285,000

More than 50 physicians 

2019: $286,000

2020: $286,000

2021: $292,000

2022: $300,000

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