Healthgrades for ProfessionalsThe 10 Highest-Paying Cities for Physicians

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The healthcare industry faced significant financial challenges in 2022, with inflation and staffing shortages impacting physician compensation. Doximity’s annual report reveals a complex picture of physician pay across the United States, highlighting regional variations and persistent gender disparities.

Key Points:

• Average physician compensation decreased by 2.4% in 2022, reversing the 3.8% increase seen in 2021.
• The gender pay gap remains high at 26%, with female physicians earning an average of $110,000 less than their male counterparts.
• Charlotte, NC tops the list of highest-paying cities for physicians, with an average annual salary of $430,890.
• Oklahoma City, OK saw the largest pay increase at 6.3%, while also ranking third in overall compensation.
• Washington, DC ranks as the lowest-paying city for physicians, with an average yearly salary of $342,139.
• Cities with more private institutions tend to offer higher compensation compared to those with more academic or governmental medical facilities.

HCN Medical Memo
Although physician compensation trends vary significantly by region, the overall decline in real income and persistent gender pay gap only reinforce the need for healthcare systems to address these economic challenges to maintain a robust and equitable medical workforce.

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