Average resident salary reaches $70K: 8 things to know

Becker's Healthcare September 11, 2024
Claire Wallace

Average earnings for medical residents have grown just 27% over the last nine years, reaching an average of $70,000 in 2024, according to Medscape’s “Resident Salary & Debt Report 2024,” published Sept. 11.

Here are seven additional things to know about resident salaries in 2024:

1. By the fifth to eighth years of residency, physicians earn an average of $78,000 annually. In the first and second years, they earn just $65,000.

2. The majority of residents (60%) complete their training in a hospital setting. Just 5% train in an outpatient setting.

3. A...

Today's Sponsors

Today's Sponsor