How Much Do Doctors Actually Make? (in 2025) - Med School Insiders For even further exploration, here are several individual specialties we've put together in recent years, how much money those doctors make, and whether they think their income is fair: How Much Money Do Doctors Make a Year? Salaries Have Yet Another ...

Understanding the Context

Statistics on how much doctors make by specialty and by hours, employer type, location, & gender, with average physician salary data on who makes the most & least. How much does a new physician make right out of residency? New physicians starting their careers earn $250,000-$350,000 in their first year, depending on specialty and location. How much money do doctors make in the US?

Key Insights

Doctors in 17 specialties earn at least $239,200 a year, but pay can swing by hundreds of thousands across states. According to the Bureau of Labor Statistics (BLS), about 839,000 people worked as physicians or surgeons in 2024, earning a median annual wage of at least $239,200. Factoring in all types of specialties, doctors in the US make an average of $374,000 per year. This average is across every type of MD doctor, including specialists. (This data comes from Medscape.) On average, specialists make more due to the extra training it requires to become a specialist.

Final Thoughts

Discover how much doctors earn on average, with annual salary comparisons based on specialization, location, and experience level.