Physicians, All Other Salary

Yes — at the median salary of $133K, rent takes 17.8% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,407/month. That stays under the 30% guideline most financial planners use.

The 10th-percentile wage — what new physicians, all others typically earn — is $72K/year. Take-home on that works out to about $4,310/month. At HUD’s $1,407/month FMR, rent would take 33% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.

Local pay runs 50% below the national median — $133K here vs. $266K nationally. Cost of living is 6% below the national average, which narrows that gap in real purchasing power.

Illinois pays $133K median vs. the U.S. average of $266K — that’s -50%. After adjusting for local cost of living (RPP 93.85), the purchasing-power equivalent is $141K — below the national median.

The median is $132,540 a year, that works out to about $64 an hour. But the range is wide: entry-level workers start around $71,830, and experienced physicians, all others can clear $452,200. The mean (average) is $220,020, reflecting that some workers earn substantially more. These are BLS numbers, based on employer-reported data, not self-reported surveys.

On that salary, you'd take home roughly $7,899/month after taxes. A 2-bedroom here rents for about $1,407/month, which eats 17.8% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.

Illinois has a Regional Price Parity of 93.85 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median physicians, all other salary is worth about $141,225 in national-average purchasing power.

The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.