Introduction
Pediatricians are highly trained medical professionals who specialize in the care of infants, children, and adolescents. As such, they play an important role in the health and wellbeing of their patients and their families. In return for the important service they provide, pediatric doctors are handsomely compensated for their efforts. But just how much do pediatricians make? This article will explore the average salary of a pediatric doctor, including benefits and factors that influence pay.
Exploring Pediatricians’ Salaries: What You Need to Know
When considering the salary of a pediatric doctor, it is important to look at more than just their base pay. In addition to the base salary, pediatricians can receive additional compensation in the form of bonuses, commissions, and other forms of compensation. Additionally, many pediatricians receive generous benefits packages, including health insurance and retirement plans.
Average Pay and Benefits
The Bureau of Labor Statistics (BLS) reports that the median annual wage for pediatricians was $170,560 in May 2019. The lowest 10 percent earned less than $118,930 per year, while the highest 10 percent earned more than $208,000. On top of this, pediatricians typically receive benefits such as health insurance, disability insurance, paid vacation days, and retirement plans.
Factors Influencing Salary
A number of factors can influence the salary of a pediatric physician. These include the type of practice they work in, their specialization, their experience, and their location. All of these factors can have a significant impact on the amount of money a pediatrician earns.
How Much Do Pediatric Doctors Make?
The salary of a pediatric doctor can vary significantly depending on where they practice. The BLS reports that the average annual wage for pediatricians in the U.S. is $170,560. However, this figure can vary significantly from state to state.
Average Income Across the U.S.
The BLS reports that the highest-paying states for pediatricians are California ($206,550), New York ($202,950), Massachusetts ($201,020), Connecticut ($198,190), and Alaska ($192,960). The lowest-paying states for pediatricians are Tennessee ($143,380), Arkansas ($145,460), Mississippi ($148,850), West Virginia ($149,910), and South Dakota ($150,530).
State-by-State Breakdown
In addition to the overall average salary of a pediatric doctor, it is also possible to break down the data by state. The following table provides a state-by-state breakdown of the average salary of a pediatric doctor in the United States:
| State | Average Salary |
|---|---|
| Alabama | $157,110 |
| Alaska | $192,960 |
| Arizona | $180,780 |
| Arkansas | $145,460 |
| California | $206,550 |
| Colorado | $184,750 |
| Connecticut | $198,190 |
| Delaware | $187,630 |
| Florida | $171,200 |
| Georgia | $165,770 |
| Hawaii | $195,100 |
| Idaho | $169,240 |
| Illinois | $184,590 |
| Indiana | $176,670 |
| Iowa | $164,420 |
| Kansas | $175,330 |
| Kentucky | $167,720 |
| Louisiana | $163,700 |
| Maine | $173,860 |
| Maryland | $197,400 |
| Massachusetts | $201,020 |
| Michigan | $179,790 |
| Minnesota | $181,490 |
| Mississippi | $148,850 |
| Missouri | $174,450 |
| Montana | $168,690 |
| Nebraska | $174,430 |
| Nevada | $183,430 |
| New Hampshire | $180,220 |
| New Jersey | $199,080 |
| New Mexico | $172,270 |
| New York | $202,950 |
| North Carolina | $170,820 |
| North Dakota | $166,920 |
| Ohio | $178,400 |
| Oklahoma | $163,890 |
| Oregon | $185,210 |
| Pennsylvania | $191,030 |
| Rhode Island | $192,980 |
| South Carolina | $164,620 |
| South Dakota | $150,530 |
| Tennessee | $143,380 |
| Texas | $182,640 |
| Utah | $183,390 |
| Vermont | $182,740 |
| Virginia | $188,340 |
| Washington | $192,290 |
| West Virginia | $149,910 |
| Wisconsin | $177,440 |
| Wyoming | $170,830 |
Factors Influencing the Salary of a Pediatric Physician
There are several factors that can influence the salary of a pediatric doctor. These include the type of practice they work in, their specialization, their experience, and their location. All of these factors can have a significant impact on the amount of money a pediatrician earns.
Type of Practice
The type of practice a pediatrician works in can have an impact on their salary. For example, pediatricians who work in private practices typically earn more than those who work in hospitals or clinics. Furthermore, pediatricians who have their own practice may be able to negotiate higher salaries than those who work for someone else.
Specialization
Pediatricians who specialize in a particular area of medicine may be able to command higher salaries. Specialists tend to have higher salaries than general practitioners due to the increased knowledge and skills they possess.
Experience
The level of experience a pediatrician has can also have an impact on their salary. Generally speaking, the more experience a pediatrician has, the more money they can command. This is because experienced pediatricians tend to be more skilled and knowledgeable than their less experienced counterparts.
Location
Where a pediatrician practices can also have an effect on their salary. Generally speaking, pediatricians who practice in urban areas tend to earn higher salaries than those who practice in rural areas. This is due to the fact that there is usually more competition for jobs in urban areas, which can drive up salaries.
The Economic Benefits of Becoming a Pediatric Doctor
In addition to the financial benefits of becoming a pediatric physician, there are also some economic benefits. For one, pediatricians tend to enjoy job security due to the high demand for their services. Furthermore, they often have the flexibility to choose their hours and set their own schedules. Finally, the demand for pediatricians is likely to remain high, ensuring that they will always have a steady stream of clients.
Conclusion
Pediatricians are highly trained medical professionals who specialize in the care of infants, children, and adolescents. As such, they are handsomely compensated for their efforts. The average salary of a pediatric doctor in the United States is $170,560, although this figure can vary significantly from state to state. In addition to their salary, pediatricians also receive benefits such as health insurance and retirement plans. Factors that can influence the salary of a pediatric physician include the type of practice, their specialization, their experience, and their location. Finally, pediatricians enjoy job security, flexibility, and high demand, making them an attractive career choice.
Final Thoughts
Becoming a pediatric doctor can be a very rewarding and lucrative career choice. With the right knowledge and training, pediatricians can command high salaries and enjoy a range of economic benefits. Although the salary of a pediatric doctor can vary significantly depending on a number of factors, the rewards of the profession make it well worth the effort.
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