2025 Physician Compensation Report: Pay vs. Cost of Living
For physicians evaluating career opportunities in 2025, salary is only half the equation. While average physician compensation rose to $374,000 in 2024—a modest 2.9% increase—the real question is what that income can actually buy in your chosen location. With median rent varying by more than $1,000 between states, where you practice medicine may matter as much as what specialty you choose.