- The average annual salary for all physicians is $352,000, according to an April 2023 report from Medscape.
- Washington is the highest paid state in the U.S. for internal medicine physicians with a mean annual salary of $234,956, according to ZipRecruiter.
About 12.5% of all active physicians in the U.S. are internal medicine physicians, according to the Association of American Medical Colleges. Whether considering the specialty during medical school or training or practicing as a internal medicine physician, having an income expectation can help guide salary negotiations and create a long-term financial plan.
What is the average physician salary?
The average annual salary for all physicians is $352,000, according to an April 2022 report from Medscape. When broken down further, primary care physicians made an average of $260,000 annually, while specialists made an average of $368,000.
The mean annual wage for internal medicine physicians specifically is $225,270, according to the U.S. Bureau of Labor Statistics, and $273,000, according to Medscape.
How much do internal medicine physicians make per hour?
The mean annual wage for general internal medicine physicians as reported by the BLS equates to an hourly wage of $108.30.
Internal medicine physician salary by state: What do physicians make in each state?
Internal medicine physicians’ salaries can vary greatly by state and territory, ranging from $149,900 in Arkansas to $234,956 in Washington. According to the ZipRecruiter, these are the annual mean salaries for internal medicine doctors by state:
- Alabama – $158,340
- Alaska – $189,098
- Arizona – $187,367
- Arkansas – $149,900
- California – $215,894
- Colorado – $171,795
- Connecticut – $182,165
- Delaware – $172,655
- Florida – $158,174
- Georgia – $184,186
- Hawaii – $192,465
- Idaho – $186,714
- Illinois – $178,292
- Indiana – $187,427
- Iowa – $183,411
- Kansas – $163,049
- Kentucky – $152,315
- Louisiana – $158,351
- Maine – $196,378
- Maryland – $175,238
- Massachusetts – $200,623
- Michigan – $164,379
- Minnesota – $189,916
- Mississippi – $169,595
- Missouri – $163,454
- Montana – $179,757
- Nebraska – $159,037
- Nevada – $199,933
- New Hampshire – $185,220
- New Jersey – $195,650
- New Mexico – $177,075
- New York – $221,484
- North Carolina – $151,454
- North Dakota – $183,578
- Ohio – $176,529
- Oklahoma – $166,747
- Oregon – $194,714
- Pennsylvania – $185,287
- Rhode Island – $183,917
- South Carolina – $165,879
- South Dakota – $183,717
- Tennessee – $172,783
- Texas – $193,235
- Utah – $172,871
- Vermont – $199,321
- Virginia – $175,510
- Washington – $234,956
- West Virginia – $159,653
- Wisconsin – $195,581
- Wyoming – $189,088
Highest paying states for internal medicine physicians
According to the ZipRecruiter, these are the highest paying states for physicians specializing in internal medicine:
- Washington – $234,956
- New York – $221,484
- California – $215,894
- Massachusetts – $200,623
- Nevada – $199,933
Physician salary by specialty: How do internal medicine physicians’ salaries compare to other specialties?
According to Medscape, internal medicine physicians make an average of $273,000 per year. The average salaries for other medical specialties are as follows:
- Plastic surgery – $619,000
- Orthopedics – $573,000
- Cardiology – $507,000
- Urology – $506,000
- Gastroenterology – $501,000
- Otolaryngology – $485,000
- Radiology – $483,000
- Oncology – $463,000
- Anesthesiology – $448,000
- Dermatology – $443,000
- Surgery, general – $412,000
- Critical care – $406,000
- Ophthalmology – $388,000
- Pulmonary medicine – $378,000
- Emergency medicine – $352,000
- Pathology – $339,000
- Ob/Gyn – $337,000
- Neurology – $313,000
- Nephrology – $312,000
- Psychiatry – $309,000
- Physical medicine & rehabilitation – $306,000
- Allergy & immunology – $282,000
- Rheumatology – $281,000
- Internal medicine – $273,000
- Diabetes & endocrinology – $267,000
- Infectious diseases – $262,000
- Family medicine – $255,000
- Pediatrics – $251,000
- Public health & preventive medicine – $249,000
Are internal medicine physicians’ salaries increasing?
According to Medscape, internal medicine physicians’ salaries increased by 4% in 2022, though individuals may have seen their personal income decline.
How do internal medicine physicians’ bonuses compare to other bonuses?
According to data from Medscape, 57% of physicians receive an incentive bonus as part of their income. The average annual bonus for an internal medicine physician is $33,000.
Other specialties’ average incentive bonuses are:
- Orthopedics – $134,000
- Cardiology – $88,000
- Radiology – $80,000
- Surgery, general – $75,000
- Anesthesiology – $68,000
- Ob/Gyn – $57,000
- Emergency medicine – $37,000
- Psychiatry – $37,000
- Family medicine – $34,000
- Internal medicine – $33,000
- Pediatrics – $31,000
Before you go…
These salary figures are simply averages from surveys and can differ at different practices in different locations.
Are you starting a new role? Panacea Financial Holdings partners with Panacea Legal to provide employment contract review services. Evaluate your offer, discuss compensation, and negotiate your contract to protect your interests and support your goals. Learn more here.
For many physicians, including internal medicine physicians, it can be difficult to adjust to the large jump in income from training to practice. Having support and resources can help you feel confident as you negotiate and navigate your new salary. If you need help with financial planning, budgeting, taxes, or other areas, we can connect you with industry-specific experts for free. Find out more about our Build Your Team program here.
For more helpful information and tips, visit our Resources page or read one of our featured articles below:
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