Physicians, All Other Salary

Yes — at the median salary of $237K, rent takes 17.4% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $2,347/month. That stays under the 30% guideline most financial planners use.

The 10th-percentile wage — what new physicians, all others typically earn — is $78K/year. Take-home on that works out to about $4,658/month. At HUD’s $2,347/month FMR, rent would take 50% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.

Local pay runs 11% below the national median — $237K here vs. $266K nationally.

Massachusetts pays $237K median vs. the U.S. average of $266K — that’s -11%. After adjusting for local cost of living (RPP 100.09), the purchasing-power equivalent is $236K — below the national median.

The median is $236,580 a year, that works out to about $114 an hour. But the range is wide: entry-level workers start around $77,630, and experienced physicians, all others can clear $431,300. These are BLS numbers, based on employer-reported data, not self-reported surveys.

On that salary, you'd take home roughly $13,509/month after taxes. A 2-bedroom here rents for about $2,347/month, which eats 17.4% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.

Massachusetts has a Regional Price Parity of 100.09 (100 is the national average). Prices are above average here, so your dollar buys less than the same salary would in a cheaper metro. After cost-of-living adjustment, the median physicians, all other salary is worth about $236,367 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.