Annual Report · 2026 Edition

2026 Physician Pay Report

What doctors actually earn — median compensation by specialty, experience, practice setting, and geography, from 3,832 verified physician salary submissions collected between March 2025 and July 2026.

Median Attending Pay

$465,000

middle 50%: $350,000–$620,000

Median Resident Stipend

$70,000

reported separately · n=573

Verified Salaries

3,832

3,201 attendings · 631 trainees

Specialties · States

50 · 38

min 5 / 10 submissions each

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Part 1 of 2 · 3,201 attending physicians

What Attending Physicians Earn

Every figure in this part covers attending physicians only. Residents and fellows are analyzed separately in Part 2 and are never included in the medians below.

Key Findings

The numbers that define attending compensation in 2026.

Highest-Paid Specialty

Cardiothoracic Surgery

$1,150,000

median · n=21 · 3.8x the lowest-paid specialty

Early-Career Pay Is Rising

+7.9%

median for physicians 0–5 years out: $380,000 (2025) → $410,000 (2026)

Private Practice Premium

+47%

$575,000 in private practice vs $392,000 in academics

The Experience Curve

+51%

from $390,000 (0–2 years) to $589,000 (21+ years)

Highest-Paying State

Kansas

$630,000

median · n=16

Would Choose Medicine Again

89%

of attendings · avg 48 hrs/week worked

Pay by Specialty

All 50 specialties with at least 5 verified attending submissions, ranked by median total compensation.

#SpecialtyMedianN
1Cardiothoracic Surgery$1,150,00021
2Neurosurgery$900,00091
3Thoracic Surgery$790,00020
4Orthopedic Surgery$782,500106
5Plastic Surgery$750,00070
6Pediatric Surgery$675,00015
7Ophthalmology$670,00093
8Dermatology$640,00086
9Interventional Radiology$625,00049
10Cardiology$621,500168
11Pain Management$615,00026
12Vascular Surgery$615,00051
13Urology$590,00079
14Radiation Oncology$590,00042
15Radiology$580,000100
16Gastroenterology$550,00090
17Burn Surgery$540,00013
18Anesthesiology$535,000147
19General Surgery$530,000127
20Gynecologic Oncology$525,00014
21Otolaryngology$520,00042
22Maternal-Fetal Medicine$505,00015
23Hematology/Oncology$495,000120
24Critical Care$477,60032
25Pulmonology$460,00085
26Neurology$430,00065
27Obstetrics & Gynecology$425,00073
28Emergency Medicine$406,184130
29Physical Medicine & Rehabilitation$400,00037
30Sleep Medicine$400,00014
31Neonatology$395,00031
32Pathology$391,00051
33Nephrology$390,00033
34Sports Medicine$375,00015
35Occupational Medicine$370,00028
36Infectious Disease$360,00073
37Psychiatry$360,00092
38Endocrinology$360,00061
39Allergy/Immunology$360,00039
40Clinical Informatics$352,50012
41Rheumatology$350,00060
42Internal Medicine$345,000157
43Child Neurology$335,00023
44Palliative Care$322,50016
45Geriatrics$320,00019
46Preventive Medicine$320,00019
47Addiction Medicine$312,50016
48Family Medicine$310,000143
49Pediatrics$310,000261
50Medical Genetics$300,00017

Year-over-Year: Reported Pay by Career Stage

Median reported compensation among 2025 vs 2026 respondents, compared within experience bands.

Early career (0–5 yrs)

$410,000

+7.9%

vs $380,000 in 2025 · n=836/251

Mid career (6–15 yrs)

$590,000

+18%

vs $500,000 in 2025 · n=1,634/108

Late career (16+ yrs)

$500,000

-10.2%

vs $557,000 in 2025 · n=325/47

Why we compare within career stages

2026 respondents skew earlier-career than 2025 respondents (median 5 vs 8 years in practice), which drags raw year-over-year medians down without any actual pay change. Comparing within experience bands controls for that shift. We computed specialty-level year-over-year changes as well, but the 2026 samples are not yet cohort-comparable at the specialty level, so we don't publish them — sample sizes are shown so you can judge the bands for yourself.

Pay by Years of Experience

Median attending compensation climbs more than 50% over a career, with the steepest gains between years 5 and 15.

0–2 years
$390,000
3–5 years
$390,000
6–10 years
$455,000
11–15 years
$557,500
16–20 years
$545,000
21+ years
$589,000

Experience Curve by Specialty

Median compensation by career stage for the 10 largest specialties. Cells with fewer than 8 submissions are omitted.

Specialty0–2 years3–5 years6–10 years11–15 years16–20 years21+ years
Pediatrics$250,000$288,154$330,000$315,000$315,000$425,500
Cardiology$485,000$562,743$630,000$650,000$710,000$635,000
Internal Medicine$322,500$340,000$347,500$370,000$345,000
Anesthesiology$500,000$494,761$535,000$550,125$585,000
Family Medicine$276,852$303,500$320,000$357,500$365,000
Emergency Medicine$388,000$390,000$425,000$435,000
General Surgery$393,000$500,000$505,000$610,000$575,000
Hematology/Oncology$403,000$400,000$495,000$515,000$535,000
Orthopedic Surgery$512,500$800,000$760,000$810,000$840,000
Radiology$537,500$525,000$550,000$590,000

Pay by Practice Setting

Where a physician practices moves pay as much as how long they've practiced.

Private Practice
$575,000
Locum Tenens
$551,400
Hospital Employed
$460,000
Academic
$392,000
FQHC
$323,500
Government/VA
$300,000

Pay by Geography

Median attending compensation by US Census region and by state (states need at least 10 submissions). Kansas leads all states at $630,000; Utah trails at $336,500.

Northeast

$460,000

n=777

Midwest

$425,000

n=589

South

$465,000

n=890

West

$490,000

n=885

State rankings reflect individual state markets and can diverge from their region's aggregate — the Midwest trails as a region even as Kansas leads all states, because regional medians are dominated by their largest submission pools.

#StateMedianN
1Kansas$630,00016
2South Carolina$583,50018
3Kentucky$571,00015
4Texas$550,000126
5Nevada$550,00013
6Washington$538,12554
7California$520,000399
8Tennessee$510,00020
9New York$500,000133
10Ohio$500,00029
11Mississippi$500,00015
12Connecticut$500,00012
13Missouri$487,45620
14Michigan$485,00027
15Georgia$480,000243
16North Carolina$479,00034
17Florida$475,100192
18Virginia$475,00022
19Colorado$467,92548
20Massachusetts$465,000419
21Arizona$465,000107
22Illinois$450,000307
23Minnesota$449,00028
24Pennsylvania$445,000156
25Maine$445,00010
26Oregon$435,000113
27Montana$430,00082
28Indiana$430,00017
29Maryland$422,50020
30New Jersey$420,00019
31Oklahoma$399,10014
32Vermont$395,00019
33Iowa$362,500128
34Louisiana$360,00017
35Alabama$360,000136
36New Mexico$355,00037
37Alaska$350,00016
38Utah$336,50010

Part 2 of 2 · 631 residents & fellows

What Residents & Fellows Earn

Training stipends are a different economy from attending pay — set by institutions, compressed in range, and never FTE-adjusted. Nothing in this part is mixed into the attending figures above.

Trainee stipend overview

Median Resident Stipend

$70,000

middle 50%: $65,000–$77,000 · n=573

Median Fellow Stipend

$80,000

middle 50%: $72,000–$90,000 · n=58

The Attending Jump

6.6x

median attending pay ÷ median resident stipend

Resident Stipend by PGY Year

PGY-1
$69,000
PGY-2
$73,000
PGY-3
$72,362
PGY-4
$77,643
PGY-5
$81,000

Reported totals may include moonlighting income, which widens the upper range in senior years.

Resident Stipend by Specialty

Neurosurgery
$80,000
Radiation Oncology
$78,000
Radiology
$78,000
Interventional Radiology
$77,500
Physical Medicine & Rehabilitation
$76,386
Pediatrics
$72,836
Cardiology
$72,000
Urology
$72,000
Neurology
$71,500
Orthopedic Surgery
$71,000
Ophthalmology
$70,400
General Surgery
$70,310
Pathology
$70,000
Dermatology
$70,000
Internal Medicine
$70,000
Emergency Medicine
$70,000
Plastic Surgery
$70,000
Obstetrics & Gynecology
$70,000
Family Medicine
$68,000
Anesthesiology
$68,000
Psychiatry
$66,000

Specialty gaps in training pay are small — institution and geography matter far more than the specialty itself.

Where Residents Earn the Most

Stipends track cost of living: the Northeast leads regions at $80,000, and New York leads states at $84,000 — $24,000 more than Arkansas.

Northeast

$80,000

n=137

Midwest

$69,913

n=116

South

$67,000

n=212

West

$72,000

n=94

#StateMedian StipendN
1New York$84,00065
2Massachusetts$80,00016
3Connecticut$76,3048
4New Jersey$76,00015
5California$75,00039
6Pennsylvania$74,40826
7Maryland$74,00011
8Minnesota$73,0007
9Colorado$72,0007
10Wisconsin$71,0008
11Texas$70,10151
12North Carolina$70,00015
13Illinois$70,00031
14Ohio$69,91322
15Virginia$69,10310
16Alabama$69,00032
17Missouri$68,45011
18Indiana$68,0506
19Michigan$68,00025
20Arizona$67,00021
21Florida$65,00043
22Alaska$65,0009
23Tennessee$64,0009
24South Carolina$62,5006
25Louisiana$62,5006
26Georgia$60,50014
27Arkansas$60,0005

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Methodology

This report analyzes 3,832 verified, self-reported physician compensation submissions to salaryDr collected between 2025-03-26 and 2026-07-17 (data as of 2026-07-17). Every submission is reviewed for internal consistency and plausibility before approval. Dental submissions are excluded; this report covers physicians (MD/DO) only. Attending physicians and trainees are analyzed as fully separate populations: resident and fellow stipends never enter attending medians, percentiles, or geographic aggregates, and vice versa.

Attending figures reflect total annual compensation (base plus bonus and incentive pay) for physicians with role "Attending Physician," normalized to full-time equivalent where part-time status was reported (55 records adjusted). Specialty names are consolidated to canonical specialties (for example, hospital medicine is reported under internal medicine, and interventional cardiology under cardiology). Outliers are handled with two rules: attending records below $150,000 FTE-adjusted are excluded as likely mislabeled trainee or unreported-part-time records (5 excluded), and records above 3x their specialty's median — floored at $1.5M — are excluded as likely practice-sale proceeds or data-entry errors (23 excluded). Medians and quartiles are otherwise computed on all remaining data; we deliberately do not trim legitimate high earners.

Every published breakdown requires at least 5 submissions; state medians require at least 10, per-cell experience medians at least 8, and year-over-year bands at least 40 per period. Year-over-year comparisons are made within experience bands because the 2026 respondent pool skews earlier-career than 2025's; specialty-level year-over-year is not published this edition for that reason. Percentiles use linear interpolation on sorted values. Self-reported data can skew toward higher earners; interquartile ranges are shown throughout to convey spread. See our methodology page for the full data collection and verification process.