Physician salary
Updated Updated for 2026 tax law
A physician earns a median of $312,400 a year ($150.19 an hour) in the US, according to the Bureau of Labor Statistics (May 2025). The average is $285,420. About 11,110 people work in this job.
Take-home pay on $312,400
- Gross pay
- $12,015.38
- Federal income tax
- −$2,787.47
- Social Security (6.2%)
- −$439.96
- Medicare (1.45%)
- −$213.13
- Texas income tax
- $0.00No state income tax on wages
- Take-home pay
- $8,574.82
Annual breakdown
- Gross
- $312,400
- Federal
- $72,474
- FICA
- $16,980
- State + local
- $0
- Net
- $222,945
- Marginal federal rate
- 35.0%
- Marginal state rate
- 0.0%
2026 federal brackets (Rev. Proc. 2025-32) and 2026 state rules. Estimates assume wages are your only income and use annual liability, so your actual withholding can differ slightly.
Similar jobs
- Prosthodontist: $311,180
- Ophthalmologist: $300,080
- Dermatologist: $328,730
- Obstetrician and Gynecologist: $292,910
- Emergency Medicine Physician: $335,550
- Orthodontist: $289,140
- Psychiatrist: $281,870
- Oral and Maxillofacial Surgeon: $352,220
BLS occupation: Physicians, Pathologists. Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 (SOC 29-1222). Excludes the self-employed.
Frequently asked questions
How much does a physician make an hour?
The median hourly wage is $150.19; the average is $137.22.
What is the salary range for a physician?
The bottom 10% earn under $92,540 and the top 10% earn over $449,970 a year.
How much is $312,400 after taxes?
About $222,945 a year in Texas (no state income tax) or $194,076 in California for a single filer in 2026.
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Estimates for information only — not tax, legal or financial advice.