How much does the average physician earn 

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. 

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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.

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