The report is based on survey responses from 10,011 U.S. physicians in more than 29 specialties collected between Oct. 7, 2022, and Jan. 17, 2023.
Average physician compensation was $352,000 in 2022, up from $299,000 in 2018. About 59 percent of physicians reported family net worth exceeding $748,800 — the national average for an American family, according to the Federal Reserve.
Specialties ranked by the percentage of physicians worth more than $5 million:
Plastic surgery — 31 percent
Orthopedics — 28 percent
Gastroenterology — 25 percent
Urology — 23 percent
Cardiology — 22 percent
Ophthalmology — 18 percent
Radiology — 17 percent
Oncology — 17 percent
Pathology — 14 percent
OB-GYN — 14 percent
Diabetes & endocrinology — 13 percent
Dermatology — 13 percent
Anesthesiology — 13 percent
Critical care — 13 percent
Otolaryngology — 12 percent
General surgery — 12 percent
Pulmonary medicine — 12 percent
Physical medicine and rehabilitation — 12 percent
Rheumatology — 10 percent
Infectious diseases — 10 percent
Emergency medicine — 8 percent
Neurology — 8 percent
Psychiatry — 8
Internal medicine — 7 percent
Allergy and immunology — 7 percent
Nephrology — 6 percent
Public health and preventive medicine — 6 percent
Pediatrics — 5 percent
Family medicine — 5 percent
Specialties ranked by the percentage of physicians worth under $500,000:
Family medicine — 35 percent
Rheumatology — 33 percent
Public health and preventive medicine — 33 percent
Physical medicine and rehabilitation — 32 percent
Neurology — 32 percent
Nephrology — 30 percent
Pediatrics — 30 percent
Internal medicine — 29 percent
OB-GYN — 27 percent
Dermatology — 27 percent
Psychiatry — 27 percent
Critical care — 26 percent
Diabetes and endocrinology — 26 percent
Ophthalmology — 23 percent
General surgery — 23 percent
Infectious diseases — 22 percent
Emergency medicine — 21 percent
Oncology — 20 percent
Urology — 20 percent
Allergy and immunology — 19 percent
Anesthesiology — 19 percent
Pulmonary medicine — 18 percent
Cardiology — 18 percent
Pathology — 17 percent
Radiology — 15 percent
Plastic surgery — 15 percent
Gastroenterology — 14 percent
Otolaryngology — 13 percent
Orthopedics — 13 percent
View the full report here.
