Nice things/apartment for residency

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docscience

docscience

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After living in a roach motel, eating ramen, and sitting on futons...ha...living frugally as a medical student, I am ready to have a nice couch, a decent bicycle, a nice bed, and perhaps a nice stereo system (I already have a flat screen TV). I want to live in a nice 1-2 bdrm. apartment with new appliances and nice amenities. I am ready to start collecting some nice things and maintain them.

I will be doing IBR on about a $168K loan...so I am going to be budgeting out about $500/month for loans.

Is it worth it to get nice things like the ones mentioned above? After reading a thread about how bad internship is, I am questioning if it is worth living in a really nice place, having really nice things, etc. Am I going to have time to enjoy them? Or should I rather budget for time off? For my 2 week vacation blocks where I will get to travel?


http://www.apartmenttherapy.com/uimages/sf/2-5-bachelorpad.jpg
Thanks for the feedback.
 
Depends on your residency. Some are more time intensive than others. Some will absolutely work the Q3 call, others will do more of a Q5 call. Some months will be call intensive, other months a little easier. Then again, I have friends at programs where it is Q3 call all year long no matter what.
 
To tack on to this question - would any current residents be willing to share what their monthly take-home pay is like? Because I'm trying to figure out how much I can reasonably budget towards rent per month and like docscience, I'd like a nice place to live, but I don't want to go beyond what I can afford. I know the taxes vary state-to-state, but I'm just curious what the average take-home pay range might be? Thanks!
 
ShyRem said:
Depends on your residency. Some are more time intensive than others. Some will absolutely work the Q3 call, others will do more of a Q5 call. Some months will be call intensive, other months a little easier. Then again, I have friends at programs where it is Q3 call all year long no matter what.
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I am doing a medicine residency at a university center. So fairly busy...but not crazy or anything...

lockjaw said:
To tack on to this question - would any current residents be willing to share what their monthly take-home pay is like? Because I'm trying to figure out how much I can reasonably budget towards rent per month and like docscience, I'd like a nice place to live, but I don't want to go beyond what I can afford. I know the taxes vary state-to-state, but I'm just curious what the average take-home pay range might be? Thanks!
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I am going to guess....this is a BIG approximation:

$48K (gross) X 2/3 (average fed + state taxes) divided by 12 months = $2666.66/month = 1333.33 bi-weekly pay.

I am considering doing IBR....so that is about $500 gone a month!
 
docscience said:
After living in a roach motel, eating ramen, and sitting on futons...ha...living frugally as a medical student, I am ready to have a nice couch, a decent bicycle, a nice bed, and perhaps a nice stereo system (I already have a flat screen TV). I want to live in a nice 1-2 bdrm. apartment with new appliances and nice amenities. I am ready to start collecting some nice things and maintain them.

I will be doing IBR on about a $168K loan...so I am going to be budgeting out about $500/month for loans.

Is it worth it to get nice things like the ones mentioned above? After reading a thread about how bad internship is, I am questioning if it is worth living in a really nice place, having really nice things, etc. Am I going to have time to enjoy them? Or should I rather budget for time off? For my 2 week vacation blocks where I will get to travel?


http://www.apartmenttherapy.com/uimages/sf/2-5-bachelorpad.jpg
Thanks for the feedback.
Click to expand...

If you can resist the temptation to do at least some of the above things you will likely make your financial future a lot rosier. Med school and residency do nothing whatsoever to prepare you for the financial realities of adult life. While it's easy to think "I'm going to make $100K+ for life!" and not worry about budgeting this is really a financial death trap.

Consider that you're only moving from paying money to having a resident's paycheck (~$40-60K a year) and you've already detailed out a list of things that you now want to have. Think about how that translates when you get your first "real" job with a six figure salary attached to it. Instead of a nice bike, how about a Ferrari (or equivalent status symbol car)? Instead of the 1-2 bed apartment why not a McMansion with a doctors' loan (0% down payment, ARM, etc.)?

The important thing to bear in mind is never to allow your tastes and expenses to keep pace with your salary. That's how you'll get ahead. So go ahead and think about the bike, couch, stereo system but consider getting the couch from Walmart, the bike off Craigslist used (until you figure out how prone your area is to bike thef) and skip the stereo system until you figure out just how long you'll be at home each day. Unless you plan on having someone move in with you to split the rent I'd think a 2 bedroom apartment is simply more money than you need to part with. On the other hand if you have specific needs due to family or children that's a different story.

Remember, as a doctor you start your accumulation for retirement LATE. Very late. And as a result you have fewer years of compounding which means you have to put a lot more money away than someone that started in their early 20s. On the other hand as a doctor you have the ability to save far more each year than most people who started working in their early 20s.

My recommendation: Buy the bike, spend a couple of hundred dollars (assuming you're paying cash and not putting it on your credit card). The exercise will keep you sane in residency.

Then as soon as you arrive in the hospital find out if you can contribute to a 401k/403b and put away as much money as possible. You could theoretically hit the annual max with only the first 6 months of internship if you continue to live like a med student.
 
Contact your new Program director or program coordinator and see if they will get you in touch with an intern to tell you what the final take home pay is.

We were told we would have about $3100/month for a single person with no dependents.
 
It will also depend on how much you are expected to pay for your benefits. Some places pay all your health insurance, some want you to pay quite a large chunk. I had quotes from programs anywhere from $0 to $600/month to cover my family for health, vision, and dental.

That being said, my take home is $1,485 every two weeks where I am.
 
I lived frugally in med school but I have a >$4000 bike. Its my baby though and I bought renters insurance really only to protect it from theft. v

I know I want a nicer apartment to live in than what usually you could get for the cost of what I'm paying now. But I decided I could live with one or two roommates to offset the cost. I was dying for this wharf side apartment which was a good deal but just a bit over what I felt was responsible as I also am in desperate need of a car that works. I also want to be able to pay for vacation. Even though I'm doing residency near my favorite vacation destination. When they asked why I was interviewing there I actually said when I was younger we vacationed about an hour away every year and its my favorite place to go. Just don't forget that if you want to go to Paris or something that will cost money and it would suck not to be able to go!

I recommend looking at one of those online calculators that calculates the take home of the state u do residency in after taxes. Make sure u only pay about 1/3 ideally for rent a month. If you matched in NY, Hawaii, or Boston you'll be kind of out of luck with that I think. Then attempt to budget your cost of food and stuff in a spreadsheet. I guess u could just guess by how much u spend now but the cost of food may be different. I never buy gas here as I walk everywhere so I'm sure my gas estimate will be wildly off but its better than shooting blindly in the dark.
 
Thanks for all the advice guys!

I know $500 will go to the loan sharks, and I will probably be driving a little bit...its in my American blood...lol

But I think living frugally would be key.

I guess this is going to transition into.....is it a good idea to have roomies when you are a resident? Or is that too much intern with intern time?

Let me know..thanks!
 
I think as others have said - coming up with a realistic budget is key. And it shouldn't be too tight.

But with that in mind, I sort of disagree with the whole - continue living like a student thing. I'm not saying go buy a Mercedes and eat filet mignon every night. But at some point you have to start living a relatively normal life.

So if there are things that make you really unhappy that you would like to change (eg living with roommates) then see if you can fit a studio or 1bdrm into your budget. If having a nice standing mixer would make you really happy because you like to cook then save up for one.

You absolutely shouldn't live beyond your means and rack up credit card debt. But is saving $500/month=$6000/year really worth it versus having a few things that make you happy when you're home?

I started living relatively normally when I was in med school. In college, I lived off of $800/month, and $625 went to rent. By the time bills were paid and food was bought I was basically done. It sucked. So before med school I did the math of living like a pauper vs. taking out my max loans and I quickly realized that it just wasn't worth it living like that anymore. Yes I probably took out 5k more each year than I could have otherwise. But I eat out when I want, I have collected a very nice collection of kitchen stuff that I plan to keep for years and years to come. And I live in a 1 bedroom apartment alone because the stress of having filthy roommates was driving me nuts.

Its a personal choice you have to make, but I think this is the point in our lives where we can start edging up our quality of life. What you want to spend your extra money on is up to you: vacations, furniture, eating out, fun stuff...because you probably can't have it all. But you don't need to save all your money all the time - whats the point?
 
alwaysaangel said:
I think as others have said - coming up with a realistic budget is key. And it shouldn't be too tight.

But with that in mind, I sort of disagree with the whole - continue living like a student thing. I'm not saying go buy a Mercedes and eat filet mignon every night. But at some point you have to start living a relatively normal life.

So if there are things that make you really unhappy that you would like to change (eg living with roommates) then see if you can fit a studio or 1bdrm into your budget. If having a nice standing mixer would make you really happy because you like to cook then save up for one.

You absolutely shouldn't live beyond your means and rack up credit card debt. But is saving $500/month=$6000/year really worth it versus having a few things that make you happy when you're home?

I started living relatively normally when I was in med school. In college, I lived off of $800/month, and $625 went to rent. By the time bills were paid and food was bought I was basically done. It sucked. So before med school I did the math of living like a pauper vs. taking out my max loans and I quickly realized that it just wasn't worth it living like that anymore. Yes I probably took out 5k more each year than I could have otherwise. But I eat out when I want, I have collected a very nice collection of kitchen stuff that I plan to keep for years and years to come. And I live in a 1 bedroom apartment alone because the stress of having filthy roommates was driving me nuts.

Its a personal choice you have to make, but I think this is the point in our lives where we can start edging up our quality of life. What you want to spend your extra money on is up to you: vacations, furniture, eating out, fun stuff...because you probably can't have it all. But you don't need to save all your money all the time - whats the point?
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If you max your roth IRA with 5k of that 6k then it probably is. Use the other 1k for fun.
 
ranmyaku said:
If you max your roth IRA with 5k of that 6k then it probably is. Use the other 1k for fun.
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See I still disagree. Love like a pauper now to have a little more in retirement later. I'd rather live more modestly in retirement.
 
digfast said:
I'm with you there. I see lots of old people with plenty of money (including some doctors, surprise!)... and they can't enjoy it. lol. I'd rather travel now when I can enjoy it and appreciate it, when I have the health and energy to walk 20 miles and REALLY see a city like Paris or Rome, than to go on some boring tours riding in a car and not being able to be active when I'm old! AND... when you're older with family and kids or grandkids or strollers or the knee-replacement... you're not gonna want to go anywhere!

I asked myself this question: This $2000 vacation is gonna make me poor. I won't be able to invest it for the long run which means that I'll lose out on the $50,000 it will become when I'm 70. BUT, will the 70-year old me (who will hopefully have much more than $50K lying around) be willing to pay $50,000 to enjoy what $2K can give the younger me? Heck yeah.

Time = money, but money =/= time!
Click to expand...


I agree vacations are great but maybe get a cheaper apartment so you can afford one. A vacation can make you happy. Being able to retire can make you happy. A new couch and a slightly nicer apartment thats way more expensive really isn't going to make you that much happier or give you that mcuh better of a experience.
 
Don't bother with the couch or stereo system. When you finish residency you're gonna upgrade everything, move, or even throw things away. Get a new but affordable bed (good sleep is very important), a nice affordable apartment in a safe part of town (I.e. no car or apt break in), and instead would splurge on a bike (exercise will do u good and keep you human). Just cuz you're pulling a salary doesn't mean its a lot. Residents salary is only enough to maintain a med students lifestyle without taking out loans. 30-40k is 30-40k.
 
You will have plenty of time during residency to enjoy the things you mentioned...not necessarily every month, but you will have free time. And I think it's important to have things that help you enjoy that time.

It's all about choices. For example, my husband and I probably eat out more than we should, but it's really the only money we spend on entertainment and it's a nice way to spend time together (we're both interns and don't get to see each other a whole lot). And we're not into fancy food, so they're always affordable restaurants. I also always go with a used/cheaper alternative, which allows me to get things I enjoy (like a stereo system) while not breaking the bank.
 
Wow! The finances of med school/residency/etc are pretty complicated. I am considering starting an IRA also.

It sounds like I am not going to have any time to do anything during residency! Do people even have time to date?
 
digfast said:
Sure there's plenty of time for that after you do your clinic duties, look up some treatment guidelines for a couple of complex patients, prepare for a presentation here and there, eat something that's not from a vending machine, take a shower, and... I forgot the rest. Oh yeah, you forgot to hand in your evaluations and patient logs. And look into that IRA - and how should you allocate the funds? Oh well, do it tomorrow. For now, go out there and find that special someone! Maybe you can go walk around the supermarket and run into people... probably other residents.

Seriously, though, when's the last time you saw residents having fun? It's not gonna be easy. But, who knows. Hope springs eternal.
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the interns at the program i am at go out all the time drinking. they do parties on weekends. honestly i was surprised how much they go out. hitting up bars and clubs until 4 am.
 
PharmaTope said:
the interns at the program i am at go out all the time drinking. they do parties on weekends. honestly i was surprised how much they go out. hitting up bars and clubs until 4 am.
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Yup. I agree. Its going to be very specialty and program dependent. And of course, within a given program you'll have a rough rotation (eg ICU where you'll probably be pulling 6 12-16 shifts/week). But overall, residents definitely go out. They date. They go on trips.

I am fortunate to live in Southern California and residents from multiple specialties (medicine, surgery, EM, etc) will go on quick trips for fun - a quick drive up to big bear for a day off; a drive to Mexico for surfing during 2 days off, etc. Plus they go out a lot, they drink, they have lives.

I fully expect to have a life in residency, maybe slightly less than what I have now - but still a life.
 
docscience said:
It sounds like I am not going to have any time to do anything during residency! Do people even have time to date?
Click to expand...

You've asked that question in several other threads. Please see those threads for answers to this question.
 
Its good to know that people still go to bars and take trips together.

My fears:
- I am moving somewhere I will not know anyone!! - Anyone else in this boat?

- I broke up with my SO of 5 years and am having a hard time being single. Where do residents meet their SOs or gfs during residency? In the hospital? I have seen/experienced inter-class dating/hookups and they are usually pretty messy. I want to avoid an inter-residency dating.
 
digfast said:
Sure there's plenty of time for that after you do your clinic duties, look up some treatment guidelines for a couple of complex patients, prepare for a presentation here and there, eat something that's not from a vending machine, take a shower, and... I forgot the rest. Oh yeah, you forgot to hand in your evaluations and patient logs. And look into that IRA - and how should you allocate the funds? Oh well, do it tomorrow. For now, go out there and find that special someone! Maybe you can go walk around the supermarket and run into people... probably other residents.

Seriously, though, when's the last time you saw residents having fun? It's not gonna be easy. But, who knows. Hope springs eternal.
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Damn! I am really scared of residency now.

Thanks to the poster who said he/she lived in SoCal. That is really nice that you have the option of going somewhere on your day off.

It sucks that on your day off....its probably not your co-worker/friends day off. So it will be tough to hang with people?
 
docscience said:
Damn! I am really scared of residency now.

Thanks to the poster who said he/she lived in SoCal. That is really nice that you have the option of going somewhere on your day off.

It sucks that on your day off....its probably not your co-worker/friends day off. So it will be tough to hang with people?
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Haven't you seen the residents at your own institution hang out. I just went to a resident party last night and it was pretty gigantic and awesome. I mean they don't have one 3 nights a weekend like college but you can have a social life.

My boyfriend was an intern in Hawaii and they hung out and went out all the time. They island hopped, hiked, went surfing. I think nice weather is more conducive for day trips and just getting out and chilling though. I'm sure people in cold weather areas go out too I just think people are more likely to stay in when its cold and gross outside.
 
alwaysaangel said:
See I still disagree. Love like a pauper now to have a little more in retirement later. I'd rather live more modestly in retirement.
Click to expand...

It is easy to say now that you will live more modestly in retirement, but I think it would be very hard to take a hit to your standard of living after you have been used to certain level.

As an example, a one-time $5k contribution to a Roth IRA at age 25 assuming a 8% annual return will be almost $160k at age 70 (and no taxes due on it either!!!). Even if your goal is to live modestly anyway in retirement, that money could be a year of college (yes it will be that expensive by then) for your grandkid so she doesn't have to skirt by like you had to.

I'm not suggesting that you live like a "pauper" but hopefully there would be ways for you to save 10% of your income without sacrificing a reasonable standard of living today.
 
Was trying to estimate a monthly budget (overestimating always helps IMHO):

Monthly pay ~ $2550

- Rent $650
- Income Based Repayment $500
- Utilities $150
- Food $350
- Gas $160
- Cable/Phone/Internet $80
- Clothes/Luxury Items/Haircut/Misc $150

Grand Total------->$2040

Thereby, leaving a balance of about $500/month for the intern.

What do you do with this $500? Save all of it? Save half? Invest the other half? Roth IRA? Enjoy the money a little bit?
 
I bought a house and a nice stereo system. I'm fairly well-informed about managing my finances (relative to my peers, not relative to an accountant!), and I'm doing fairly well.

I think a balance is important. This is your life now. Don't save everything for later and don't spend everything now. The best FINANCIAL decision is to save and invest every spare penny you have into sound investments. The most fun thing to do is spend all of your money on fun things. I went on a $2000 vacation to Europe for 2 weeks with my wife after M1. It was incredibly fun, and it was an experience I'll treasure for a lifetime. Conversely, I have a 12-year old Acura and my wife has an 11-year old Nissan. My computer is 5 years old, and I haven't bought new clothes in years other than an occasional necessary item here or there. I have no debt other than my student loans (wife and I paid off $16,000 of her student loans last year, and they're gone now) and a mortgage. Cars were paid off years ago, and we've never had credit card debt. I also keep a substantial cushion in a savings account.

I did buy a nice sound system, and it's really not that expensive, especially if it means a lot to you. I really enjoy having a nice set-up, so it's worth it to me. Cost was roughly: $800 TV, $100 TV stand, $400 receiver, $250 pair of front speakers, $250 subwoofer, $140 rear surround speakers, and a $120 Blu-ray player.

docscience said:
Was trying to estimate a monthly budget (overestimating always helps IMHO):

Monthly pay ~ $2550

- Rent $650
- Income Based Repayment $500
- Utilities $150
- Food $350
- Gas $160
- Cable/Phone/Internet $80
- Clothes/Luxury Items/Haircut/Misc $150

Grand Total------->$2040
Click to expand...
What about car insurance? Health insurance? Renter's insurance? Car repairs? Savings account? Cable/Internet/phone can easily going to cost you twice that much.
 
Yeah you did forget the insurances. I went to grab my budget spreadsheets and realized I packed it as I was supposed to drive home today but I had to push it back a day. Consequentially everything is packed and I'm not sure where.

Your income based repayment seems high... are you getting paid > 55,000 as an intern or are you married? If you look at the student aid pay scales that seems high. I know some places do pay that much but I thought most of them didn't have rent for as cheap as yours.

I don't want to advertise for anything but have you tried mint.com. It could help you. It tracks where you are spending money and such and you can make reasonable budgets.
 
Last edited:
fleetgoddess said:
Yeah you did forget the insurances. I went to grab my budget spreadsheets and realized I packed it as I was supposed to drive home today but I had to push it back a day. Consequentially everything is packed and I'm not sure where.

Your income based repayment seems high... are you getting paid > 55,000 as an intern or are you married? If you look at the student aid pay scales that seems high. I know some places do pay that much but I thought most of them didn't have rent for as cheap as yours.

I don't want to advertise for anything but have you tried mint.com. It could help you. It tracks where you are spending money and such and you can make reasonable budgets.
Click to expand...

Thanks. How much does health insurance/dental/vision usually run a month? I have no idea...lol.

I am single. I am not sure about the income based repayment. I just overestimated to make my budget seem tighter than it should be...so hopefully I will save more.

Most didn't have rent as cheap as mine? I was thinking that $700 was quite a bit for rent. I think my program pays around 47K.
 
docscience said:
Thanks. How much does health insurance/dental/vision usually run a month? I have no idea...lol.

I am single. I am not sure about the income based repayment. I just overestimated to make my budget seem tighter than it should be...so hopefully I will save more.

Most didn't have rent as cheap as mine? I was thinking that $700 was quite a bit for rent. I think my program pays around 47K.
Click to expand...

Sorry, but I'm a little confused. Don't you have a budget now? Most of your stuff should be pretty settled with some changes depending on where you're going.

Rent can vary a lot - my friend will be in Texas, she is looking at $400-600/month rent for 1 bdrms. I will be in SoCal I'm looking at 1100-1500/month and I won't be making much more than her.

As far as car insurance...we can't tell you. What is your car insurance? For health you need to ask your program.
 
docscience said:
Thanks. How much does health insurance/dental/vision usually run a month? I have no idea...lol.

I am single. I am not sure about the income based repayment. I just overestimated to make my budget seem tighter than it should be...so hopefully I will save more.

Most didn't have rent as cheap as mine? I was thinking that $700 was quite a bit for rent. I think my program pays around 47K.
Click to expand...
Ask your program, because we have no idea what your policy will cost. I have great health insurance that costs me very little.

I second the notion that you try www.mint.com for your budget.
 
Insurance cost was one of the things I always asked about in residency interviews. I was amazed how much it varied - to cover myself and my family, the range was $50/month to $500/month for health/vision/dental. Some places didn't offer vision insurance.

To cover just the resident, the range was $0 - $280/month. You will definitely hear those places that have costly insurance say "we have great health insurance at very affordable competitive cost to you." Don't listen to the vague reassurances - ASK SPECIFICALLY what the costs will be.
 
balance is key!! I am going to be an intern next year but I just wanted to comment- we as physicians constantly see people in situations where life didn't turn out as planned or as it is supposed to... just because you plan to have X amount of money by age Y doesn't mean you'll be around and able to enjoy it. There truly are no guarantees in life, and there are very few homeless licensed physicians.
 
You need to figure out the things that really matter to you, and the things that are just frivolous. Being able to buy whatever kind of food I wanted at the grocery store really matters to me, while fancy items for my house was frivolous. When I needed furniture, I first checked if my family had something they didn't need that would work. If they didn't, or when it wore out I shopped around for things that were inexpensive but not junk (so I would't end up just having to replace it in a few months when it broke). When I needed appliances I checked craigslist and looked online. I found some low end new stuff for around the same as people listing used stuff at (although there were some things for even less, but looked a little sketchy). When my husband wanted a new tv, I checked multiple places and found one that was cheaper and included a sound system. Some luxury things are important to me too such as massages, and occasional beauty pampering. However, I found massage schools that were less than a third of the typical price, and beauty schools where a $4 haircut looked just as good as regular places and where you could get a facial, waxing, mani/pedi, and all sorts of other stuff at a big discount. I could have gotten a fancier place to live, but I decided the most important thing was being in a safe neighborhood, close to work, with washer and dryer hookups (because having to go somewhere to do laundry sucks). When I found a few options that were similar except the one that was newly remodeled with nice arches and fancy landscaping was $300 a month more I decided that $300 would be better spent elsewhere (or saved). Same thing when I was looking at new bedframes, and couches.

It is one thing to get a new couch and new bed, it is another to spend thousands on each. It doesn't need to be a choice between keeping your ratty old **** or buying top of the line new stuff. You may think you are investing in stuff you are going to keep for later, but you don't know where you will end up and if it will be worth it in the end moving it all with you.
 
dynx said:
Are you going to live in a shoe box? Jesus...I pay like 2200 and I got a deal.granted its two bedrooms.
Click to expand...

well that would be the difference. Im talking 700ish square feet 1 bedroom apartments in orange county. If youre in a different location in SoCal that would also be part of the difference.
 
How are you guys budgeting for moving, etc? I'm working as many shifts as possible to be able to hopefully relax for the months of May and June, and possibly looking into doing agency work prior to residency just in case.

I'm taking everyone's advice, or more realistically least everyone's advice agrees with my perspective: I'm tired of renting, I'm happiest at "home", and where I live is really important to me, so my husband and I are looking to buy a house in a nice part of town. And with the current economic situations, we can get 2000sf, 1.5 acres and great views for less than what we sold our 800sf condo for before the crash/medical school. All of this on what I make alone, then there's his income too.

So my advice: do not live like a pauper during residency unless you get some sort of sick thrill off of that sort of thing.
 
Another thing to think about when trying to figure out what your post-tax income will be is the frequency with which you get paid. If it's monthly, then fine just divide by 12. But if it's bi-weekly, then really on a monthly basis you are looking at (net/26)*2 = 1/13. And then you'll have 2 months where you get an "extra" paycheck - this was my experience when working for 3 years prior to medical school.

I just thought of this in light of alwaysangel's post - I'm going to a UC, too (so we all have the same pay, I think) and I have no idea what the payment schedule is going to be like but $3100 sounded a little high, unless you are getting paid on a monthly basis. I'd be ecstatic if that were the case, but I was estimating closer to $2700/mo ($1300/paycheck). Feel free to correct me.
 
babel said:
I just thought of this in light of alwaysangel's post - I'm going to a UC, too (so we all have the same pay, I think) and I have no idea what the payment schedule is going to be like but $3100 sounded a little high, unless you are getting paid on a monthly basis. I'd be ecstatic if that were the case, but I was estimating closer to $2700/mo ($1300/paycheck). Feel free to correct me.
Click to expand...

Not sure. Obviously I'm not there yet. But yes, all UC PGY-1s receive the exact same pay.

$3100/month is just what we were told by our program coordinator (who asked the prior years interns). They told her the after taxes total was about 3100/month for a single person with no dependents. My understanding is we are paid monthly.
 
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