Radiologists are one of the best paid medical specialties, ranking third in Medscape’s 2013 salary survey, after orthopedists and cardiologists. In 2012, 3% of radiologists reported a salary increase by more than 10%, and 12% saw an increase of up to 10%.
43% of the radiology physicians included in the survey reported that their annual salary remained the same from the previous year. 18% of them reported a decrease by as much as 10%, and 24% saw their salaries decrease by more than 10%.
Average salary
The average annual salary for radiologists employed in the United States is $325,438 according to the American Association of Medical Colleges, $373,593 according to Salary.com, $349,000 according to Medscape’s 2013 salary report, and $252,020 according to Payscale.
Medscape’s salary statistics reveal that men earn $360,000 a year on average, while women earn a median annual pay of $309,000.
Radiologists’ average salary varies from region to region. The best paid radiologists are based in the Southwest region, where the median annual salary for the profession is $407,000, followed by radiologists employed in the South Central region, who earn $383,000 a year on average, and those working in the Southeast, where the average salary for this occupation is $374,000 a year.
Radiologists employed in the Great Lakes region make $355,000 a year on average, those based in the West are paid around $346,000 annually, and professionals working in the Northwest earn an average yearly salary of $336,000. Radiologists working in the Mid-Atlantic region make $335,000 a year on average, and those based in the North East are paid around $319,000 a year. The lowest salaries are in the North Central region, where the median salary for the profession is $313,000 a year according to Medscape’s report.
The average salary for radiologists also varies depending on their work setting. Radiologists working at multispecialty group practices and single-specialty group practices earn the highest salaries, $390,000 a year on average. The lowest salaries are in academic institutions, where the median salary for the profession is $236,000 a year.
Radiologists working at hospitals earn an average annual salary of $354,000, while those employed by healthcare organizations earn around $351,000 a year. Professionals working at outpatient clinics are paid $347,000 a year on average, while those working in solo practices report a median annual pay of $299,000. Radiologists working in other settings earn $380,000 a year on average.
Work situation is another factor that affects a radiologist’s salary. Professionals who are partners in their organizations earn $413,000 a year on average, and those working as independent contractors report an average yearly salary of $334,000. Radiologists who are employees in their organization make $297,000 annually on average, and those who are owners of solo practices have a median annual salary of $310,000.
Salary range
Based on the salary data in Medscape’s 2013 Radiologist Compensation Report, 8% of these professionals earn $100,000 a year or less, 6% earn between $100,000 and $200,000 annually, 18% make between $200,000 and $300,000 a year, 27% are paid between $300,000 and $400,000 a year, 24% have salaries in the range from $400,000 and $500,000 a year, 11% earn between $500,000 and $600,000 a year, and 4% make between $600,000 and $700,000 a year. 1% of the radiologists surveyed reported an annual income of $700,000 and more.
Radiologists employed in the United States typically earn salaries in the range from $98,276 to $402,400 a year including bonuses and profit sharing according to Payscale.
The annual bonuses can amount to up to $50,920, and earnings from profit sharing can go up to $51,823 a year. Professionals with a certification from the American Board of Radiology (ABR) report annual earnings in the range from $100,899 to $390,086. Those with the qualification in Diagnostic Radiology generally earn between $196,527 and $406,946 a year. Men earn between $101,646 and $383,814 a year, and women report salaries in the range from $40,000 to $351,589 a year.
Radiologist salaries can vary depending on years of professional experience. Radiologists with 1 to 4 years of experience generally earn between $78,347 and $364,508 a year, those with 5 to 9 years of experience are paid between $102,129 and $395,458 annually, professionals with 10 to 19 years of experience typically earn an annual pay between $101,864 and $384,319 a year, and those with 20 or more years under their belt report salaries in the range from $193,963 to $404,675 a year according to Payscale.
Employer type is another factor that can affect a radiologist’s salary. Radiology doctors employed by hospitals generally make between $90,604 and $391,040 a year, those working for private practices earn between $125,020 and $388,644 a year, and professionals employed by companies report salaries in the range from $83,327 to $331,918 a year. Radiologists working for the federal government are paid an average annual salary in the range between $130,000 and $275,000, and those working for non-profit organizations typically make between $151,000 and $303,391 annually. Professionals employed by universities or colleges earn between $37,500 and $325,000 a year, and those who are self-employed have salaries in the range from $250,000 to $393,758 a year according to Payscale’s salary information.
Starting salary
The starting salary for radiologists with less than a year of professional experience is typically in the range between $40,547 and $353,549 a year including bonuses according to salary data provided by Payscale.
Benefits
Radiologists’ annual salaries can be reflected in their benefits packages. Professionals who get private medical insurance (PMI) as part of their package report earnings in the range from $153,955 to $484,790, those who get 401(k) plans earn between $102,838 and $404,253, and radiology doctors who have malpractice or liability insurance are generally paid between $103,042 and $408,260 annually.
Radiologists who get life or disability insurance typically earn between $50,000 and $406,733 a year, whose who get paid holidays and vacations make between $159,600 and $400,000 a year, and professionals who get paid sick leave earn between $146,275 and $363,591 a year according to Payscale. Radiologists who get 403(b) plans as part of their benefits package typically have salaries in the range between $55,000 and $450,000 a year.
The most popular benefits among radiologists are 401(k) plans, malpractice and liability insurance, life and disability insurance, paid vacations, and paid sick leave.
Radiologists with less than a year of experience get 3.2 weeks of vacation a year on average, those with 1 to 4 years under their belt get 3.8 weeks on average, and professionals with 5 to 9 years of professional experience get about 6 weeks off. Radiologists with 10 to 19 years of experience report getting 5.1 weeks on average, and professionals with 20 or more years of experience typically get 4.8 weeks off.
Salary by state
Radiologists’ annual pay can vary from state to state. Radiologists living in California generally earn between $62,188 and $419,007 a year, those based in Florida make between $89,396 and $400,889 a year, and professionals working in New York are paid between $117,446 and $394,018 annually. Radiology doctors employed in Texas make $101,367 and $334,886 a year, and those based in Illinois receive an annual pay in the range from $102,129 and $386,592. Radiologists working in Pennsylvania are generally paid between $151,006 and $347,653 a year, and those based in Massachusetts report an annual income in range from $97,125 to $408,514 according to Payscale’s salary data.
Salary by city
Radiologist salaries can also vary significantly from city to city. Professionals based in New York typically earn between $97,871 and $402,863 a year, those living in Los Angeles make between $150,000 and $250,000 a year, and radiologists working in Boston are generally paid between $162,778 and $397,769 a year. Radiology doctors employed in Chicago earn an annual salary in the range from $204,907 to $298,326 a year, and those based in Houston earn between $120,000 and $325,000 annually. Professionals working in Dallas report yearly salaries in the range between $157,222 and $297,476, and those employed in Denver are given an annual pay in the range from $227,971 to $325,557 according to Payscale’s salary statistics.
Hourly wage
Radiologists with 10 to 19 years of experience typically earn between $85.50 and $190 per hour according to the salary information provided by Payscale. Professionals with a certification from the American Board of Radiology (ABR) report being offered an hourly rate in the range from $65.44 to $202.73. Radiologists with the degree of Doctor of Medicine (MD) are generally paid between $83.52 and $178.06 per hour.
Salary by specialty
Radiologists’ annual salaries can vary significantly depending on their area of specialty. Radiologists specializing in interventional radiology typically earn between $110,000 and $450,000 a year, and those specializing in general radiology report annual earnings in the range from $80,000 to $400,000. Radiology physicians whose expertise lies in Magnetic Resonance Imaging (MRI) are generally paid between $225,200 and $325,000 annually, and those specializing in Computed Tomography (CT) earn between $200,200 and $362,500 a year according to Payscale’s salary data.
Other income factors
Radiologists’ salaries can also vary depending on hospital setting. Professionals working at general hospitals typically earn between $95,622 and $360,064 a year, those employed by private practices or physicians’ offices are paid between $101,014 and $392,543 annually, and radiologists working in ambulatory care or surgery centers report annual earnings in the range from $176,874 to $366,340 according to Payscale. Radiologists working in other settings typically earn between $319,356 and $411,157 a year.
In terms of industry, radiologists working in the healthcare sector generally make between $109,262 and $404,874 a year, those working in radiology earn from $98,977 to $352,905 annually, and professionals employed at hospitals have salaries in the range from $79,463 to $341,055 a year. Radiologists working at medical offices are generally paid between $98,633 and $405,470 a year, those employed at physicians’ offices make between $100,558 and $245,659 annually, and professionals working at acute care hospitals have salaries in the range from $154,839 to $375,000 a year according to Payscale.
The number of hospital beds is another factor that can affect a radiologist’s salary. Professionals working in hospitals with fewer than 50 beds generally earn between $87,262 and $356,610 a year, and those employed by hospitals with 100 to 299 beds make between $101,367 and $481,653 annually. Radiologists working at hospitals with 300 to 499 beds report earnings in the range from $121,641 to $345,214 a year, and those employed by hospitals with 500 or more beds are typically paid between $166,107 and $391,486 annually according to Payscale.