Residents: what's your net monthly income?

[zambo]

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About much do you take home per month after taxes are taken out of your pay?

It would be good to know what year in residency you are too.

 

[kbrown]

About much do you take home per month after taxes are taken out of your pay?

It would be good to know what year in residency you are too.

not a resident, but one EM intern told me he brings in 1100/q2weeks.

 

[supercut]

About $2300, thanks to the heavy tax buden of the People's Republic of New York (thank god I'm not in NYC!)

 

[McDoctor]

PGY-2
annual salary is $46,000
net approx $2400 per month after taxes and deductions for healthcare, dental,vision,etc...

 

[pgg]

One huge upside to being in the military - we get paid a decent wage even as residents. I will be starting an anesthesiology residency at a military hospital this July.

CA1 and CA2 years: As an O3 resident with 4 years of service I'll get paid:

• $4297 base pay
• $417 medical bonus
• $1562 housing allowance (tax free)
• $184 food allowance (tax free)

$77K/year gross. Assuming 30% paid in taxes, just over $5000/month.

CA3 year: Assuming promotion to O4 by this time, with 6 years of service (using current pay charts):

• $4850 base pay
• $1000 medical bonus
• $1684 housing allowance (tax free)
• $184 food allowance (tax free)

$93K/year gross. Again assuming 30% paid in taxes, almost $6000/month.

The downside is that as a newly minted anesthesiologist, I'll get paid the small (by civilian standards) sum of $146K/year and I might get an all-expenses-paid, 3rd-time-in-a-lifetime chance to visit the Middle East, where I'll get to live in a dormitory while dinguses outside try to kill my patients.

 

[toxic-megacolon]

PGY-2
annual salary is $46,000
net approx $2400 per month after taxes and deductions for healthcare, dental,vision,etc...

What on earth?

I make 41,500. I take home >2600 per month after taxes, healthcare, etc. Do you live in Sweeden or something???

 

[McDoctor]

What on earth?

I make 41,500. I take home >2600 per month after taxes, healthcare, etc. Do you live in Sweeden or something???

My numbers are somewhat skewed. I have more $$ withheld to compensate for my wife being self-employed to contribute to her income tax. We generally recieve a nice refund. (>$2000). I suppose that my numbers are not an accurate reflection of what one can expect for this reason.

 

[AngryTesticle]

$2840/month after pre-tax deductions and taxes. This is for PGY-1 year.

 

[glorytaker]

Anyone can tell me what their take home pay is in a state without state income tax?

 

[Blade28]

Around $2500/month, after tax. PGY-1.

 

[mackie]

PGY-1 ~ $2300/month after taxes and health & vision insurance are taken out

 

[Apollyon]

$2660/month PGY-4 - "big name" hospital - "It's my privilege to work here".

 

[rxfudd]

Go here: http://www.paycheckcity.com/netpaycalc/netpaycalculator.asp

You can plug in your gross annual income and choose your state, it will tell you all of the details of your weekly, bimonthly, or monthly paycheck (take home pay, FICA, SS, fed/state taxes, etc).

 

[Mirror Form]

Wow, how do you guys survive in areas like new york?

 

[pmichaelmd]

Anyone can tell me what their take home pay is in a state without state income tax?

I'm a PGY-3 and annual salary is about $45,800. After medical insurance, dental (for family of 3), taxes, my take home is $1435 every 2 weeks. This is in Florida where there is no state income tax.

Hope this helps.

PMMD

 

[Skrubz]

PGY-2 with annual salary ~$48K, bi-weekly take-home (post-tax and 10% TDA) is ~$1270.

 

[ussdfiant]

Trying to work out a rough budget for PGY1 in internal medicine by estimating the net take-home monthly pay, but it would help if some people could indicate where they live. If you live in PA near Philadelphia or work at one of the Philadelphia-area hospitals, that might help us figure out a more narrow range of pay for what we can expect. Thanks.

 

[southerndoc]

PGY-2: $1200 q 2 weeks after 8% deduction for 403(b), $20 deduction for medical FSA, and taxes.

 

[8744]

I make about $3400 per month and take home about $2700 after they deduct all the little things like health insurance.

And no, you cannot support a family on that and we go into a little more debt every month to make ends meet. That's why residency sucks. If I wasn't working so many hours I could get a part-time job at Home Depot and double my salary.

My salary works out to about 12 bucks an hour if you figure it out which is kind of insulting considering I have a bachelor's degree, two years of graduate school, a medical degree, and almost one year of residency training.

Privelege...calling....dedication...blah blah blah.

 

[Bobblehead]

Try one of these sites: http://www.paycheckcity.com/netpaycalc/netpaycalculator.asp

Plug in your gross salary and state information and it'll do the rest. Some of the things it won't take into account, and that you won't really have much knowledge about until you actually get information from your program are insurance costs (medical, dental, life, disability) and union dues. Also you may want to factor in contributions to a 401k/403b plan and cafeteria plans: Health Flexible Spending Account (FSA) and Dependent Care Flexible Spending Account (FSA).

For example for 2006 you can contribute $15,000 to a 401k/403b which if you plan to max it out works out to about $290 per week. For 2007 I believe it will increase by $500 increments based on inflation. Don't forget the $4,000 you can put into a Roth IRA as well but that's after-tax.

 

[yaah]

I am a PGY2

Monthly gross: $3660, Net pay $2760. That is $830 or so in witholding (state and fed), medicare, etc taxes. $70 taken out for parking, health, and vision (dental is free). Employer pays an additional $360 in benefits (dental, life, health, parking).

We also get ~500-1000 (depending on our rotation schedule) per year in meal allowances on our ID card.

 

[fomites]

About much do you take home per month after taxes are taken out of your pay?

It would be good to know what year in residency you are too.

fitty cent

 

[DOtobe]

Trying to work out a rough budget for PGY1 in internal medicine by estimating the net take-home monthly pay, but it would help if some people could indicate where they live. If you live in PA near Philadelphia or work at one of the Philadelphia-area hospitals, that might help us figure out a more narrow range of pay for what we can expect. Thanks.

I take home ~$2700 a month. But I'm in Pittsburgh, so I don't know if the salaries in Philly are the same.

 

[neutropenic]

Trying to work out a rough budget for PGY1 in internal medicine by estimating the net take-home monthly pay, but it would help if some people could indicate where they live. If you live in PA near Philadelphia or work at one of the Philadelphia-area hospitals, that might help us figure out a more narrow range of pay for what we can expect. Thanks.

Don't forget!

Philadelphia Wage Tax
rates will be reduced for
taxable compensation paid
on or after January 1, 2006.
At that time, the Philadelphia
resident rate will be 4.301%
and the non-resident rate
will be 3.7716%.

http://www.phila.gov/revenue/faqs.html
And this is on top of state income tax, but at least it's goin' down, but is still the highest municipal wage tax in PA and one of the highest in the nation. Applies to wages earned while working in the city and anywhere you work if you're resident.

 

[8744]

fitty cent

Pardon me. I believe it's "fiddy cent." Please have the decency to correctly quote the leading artistic giant of our era.

Thank you.

Panda "Baklava Ice" Bear