How Much Do Doctors Make in The US and Around The World?

Health is Wealth, they say, and while the phrase is commonly used to refer to the ultimate value of a healthy body, it means a lot more when it comes to doctors in the United States. For them, the job of keeping the population healthy is a highly financially rewarding one. Their earning potential is commensurate with the position of the US as one of the most expensive countries in the world when it comes to health care.

To those who might be curious, or those contemplating the financial value of pursuing a career in medicine, we took a look at how much doctors make in the US and how they stack up in contrast to their counterparts around the globe. Check it out below.

How Much Do Doctors Make in the US?

One basic fact when it comes to the salary of doctors in the US is, they are very well-paid. It is one of the few current benefits of the overly expensive status of healthcare in the country. They have a pay scale that matches the level of training and debts aspiring medical doctors have to undertake to begin a career in the profession.

But like most high-level professions in the US, it is not a given. While doctors in the US might earn significantly more compared to other professions, salaries still depend on a range of factors, such as your location (doctors in rural areas tend to make more) and your area of specialization.

Using data from the Medscape Report and the Bureau of Labor Statistics, we examine the average salary for several types of doctors in the United States.

  • Podiatrists – medical practitioners who deal in the business of feet make an average of $148,220 per year. The side of the average you fall to depends on your level of experience as well as your location.
  • Dentists – if you intend to become a dentist, you can expect an average salary of $175,840 annually. There are about 113,00 dentists in the US, one of the more populated areas of specialization in the medical field.
  • Pediatricians – doctors dedicated to treating children can make up to $183,240 on average a year. It is one of the less populated fields in the US, with just over 28,000 of them in the country.
  • Internists – can make up to $196,490 a year on average. Like a lot of the specializations in this list, earning in the top half of the average depends on experience and location. Internists working in the lowest populated cities and states can expect to make a lot more.
  • Physicians and Surgeons – this encompassing category of medical doctors can make up to $203,880. Some of the specializations included are radiologists, pathologists, neurologists, and immunologists.
  • Family and General Practitioners – doctors who are treating sicknesses and diseases that tend to affect the general population can make up to $211,780 a year on average.
  • Psychiatrists – $220,380 a year. There is a growing demand for medical personnel dedicated to fixing the mind, and there are only just over 25,000 of them in the US.
  • Obstetricians and Gynecologists – they can make up to $238,320 a year. Although they cater to half of the US population, there are just over 18,000 of them in the country.
  • Surgeons – the average salary for a doctor in the US is $255,110 a year.
  • Anesthesiologists – Anesthesiologists are the highest paid medical personnel in the US on average. The average salary for the medical field is $267,020.
READ   Medical Assistant Salary - How Much Does a Medical Assistant Make?

Overall, the average salary of medical doctors in the US is $240,525 per year. Additionally, according to data from the Doximity Report, locum tenens medical professionals, i.e. doctors who can work when and where they want, earn, on average, 30% to 50% more than doctors who work in permanent positions.

READ   The 20 Most Expensive Private Luxury Yachts And Their Owners

How Doctors Earn In Some Other Countries Around the World

How Much Do Doctors Make

If you are looking to practice medicine outside of the US, here are a couple of countries where doctors are just as well-paid, even more than the US.

According to data from OECD, doctors in Luxembourg are the highest paid in the world on average. They make as much as $357,336 on average, benefitting from the country’s small population. Switzerland follows with an average yearly salary of $237,106. Iceland, Republic of Ireland, the UK, Netherlands, Germany, Israel, and New Zealand are in the top ten of the countries with the highest average salary for doctors. The average salary for these countries ranges between $202,034 and $138,261.

See Also: How Much Do Athletes Make As Salary In The US and Around The World

Countries you might want to avoid include China, Egypt, Cuba, Poland, and Mexico, where, on average, doctors earn less than $1,000 per month.

Adeola Seun
Adeola Seun
Seun is a CCNA certified graduate of FUTA. He has been writing on various subjects that include finance, economics, celebrity net worth, lifestyle, biographies and politics for over 7 years, Other than writing, he enjoys movies, video games, and sports

Recommended

Donald Trump – Age, Family & Net Worth in 2020 – Biography

Donald Trump is a real estate mogul who has been in the entertainment scenes for more than a decade. Trump began surfacing on the...

A Timeline Of John Cena’s Relationships, Net Worth and Family Details

John Cena is one of the most popular WWE personalities. He is known for his incredible performances in the ring and the many achievements...

Leonardo Dicaprio – Net Worth in 2020, Age & Parents

What is Leonardo Dicaprio's net worth? Movie stars don’t come any bigger than Leonardo DiCaprio. Unarguably most famous for his portrayal of the young dashing...

Khloe Kardashian – Age, Business Earnings & Body Measurements

American Television personality and entrepreneur Khloe Kardashian has made most of her fortune from her family's reality TV show Keeping Up With The Kardashians....

Snoop Dogg – Net Worth in 2020, Family & Friendship With Martha Stewart

What is Snoop Dogg's net worth? Snoop Dogg is an American rapper, actor, entertainer, film director, and record producer, famed for his work in the...

Kendall Jenner – Net Worth, Boyfriend & Relationship With Harry Styles

What is Kendall Jenner's net worth? Kendall Jenner is one of the most famous people in the world right now. While still in her teens,...

Tyga – Net Worth in 2020, Relationship With Kylie Jenner & Blac Chyna

What is Tyga's net worth? Tyga is one of the uniquely talented rappers in the international music scene. In 2017, the star and media personality...

50 Cent – Net Worth in 2020, Music Success & Romantic Relationships

What is 50 Cent's net worth? Curtis James Jackson III, popularly known as 50 Cent, is a rapper, actor, investor, and entrepreneur. 50 Cent has...

More From Justrichest

Inside Jay Leno’s Massive Car Collection, Net Worth & Family Life

Jay Leno is without doubt, one of the finest and most mature entertainers America has ever produced. A multiple award-winning stand-up comedian, writer, TV...

12 Biggest and Most Expensive Homes of Extravagant Footballers In 2020

The huge and decent earnings of footballers grant them the audacity to exemplify lavish spending and also enable them to sustain every aspect of...

Jessica Nigri Net Worth: How Much Money Does The Cosplayer Make?

Jessica Nigri is a well-known American cosplayer. For the benefit of those who don’t know, Cosplay is derived from the words costume and play....

20 Strongest and Most Powerful Currencies in The World (Updated 2020)

According to World Atlas, there are 180 currencies in circulation that are recognized by the United Nations across the wide world and these are...

Featured Today

Puzzling Facts About Erin Lim’s Rise At E!, Her Net Worth and The Identity Of Her Boyfriend

The name Erin Lim has become so synonymous with the E! Television channel that some people actually wonder if this is the name of...

Daniel Jinich, Pati Jinich’s Husband, Biography & Net Worth

Daniel Jinich is a popular Mexican business tycoon who is married to the famous Pati Jinich, a widely known and celebrated chef and TV...

Who is Zack Snyder’s Daughter Autumn Snyder and Why Did She Commit Suicide?

It could be hard to understand why someone would ever take their own life; leaving their family and loved ones to suffer in a...

Who Is Sandra Otterson? Her Personal Wealth, Life and Quick Facts

American adult star, Sandra Otterson, currently based in Arizona, USA has is worth about $5 million. Background and Career Sandra Otterson, popular with the name ‘Wifey‘...

Related Stories