Neurologist salaries depend on a wide range of factors, from location and employer type to work situation and years of experience.
Neurologists with 1 to 4 years of experience generally earn between $60,000 and $293,617 a year, those with 5 to 9 years of experience earn an annual pay in the range from $131,416 and $290,874, professionals with 10 to 19 years of experience make between $101,084 and $309,334 a year, and those with 20 or more years of experience under their belt report being paid between $141,526 and $322,820 annually according to salary information provided by Payscale.
The 2013 Neurologist Compensation Report shows that, in 2012, 16% of neurologists saw their salary decrease by more than 10%. 12% reported a decrease of up to 10%.
9% of the neurology specialists who participated in the survey reported that their annual salaries has increased by more than 10%, and 18% had seen a pay increase of up to 10%.
45% of the neurologists surveyed reported that their yearly salary had remained the same.
The average annual salary for neurologists employed in the United States is $225,575 according to Salary.com, $191,278 according to Payscale, and $217,000 a year based on the salary data in Medscape’s 2013 Neurologist Compensation Report. Men earn $227,000 on average, while women are paid a median salary of $189,000 a year.
Neurologist salaries vary significantly depending on location. The top salaries are in the South Central region, where these professionals earn a median annual pay of $250,000, and in the Southeast, where they make $236,000 a year on average. Neurologists based in the North Central region earn $227,000 a year on average, and those working in the Great Lakes region are paid around $218,000 annually. Professionals employed in the West and North East earn an average annual salary of $213,000, and those working in the Northwest make $212,000 a year on average. The lowest salaries for this occupation are in the Mid-Atlantic region, where the median salary for the profession is $194,000 a year, and in the Southwest, where neurologists make $196,000 a year on average according to the salary data in Medscape’s report.
Neurologists’ average annual salaries also vary depending on work setting. Neurologists employed in single-specialty group practices have the best salaries, $251,000 a year on average, followed by professionals working in multispecialty group practices, who earn around $226,000 a year.
Neurologists employed in a solo practice make $206,000 a year, and those working for various healthcare organizations earn around $201,000 a year. Professionals employed at hospitals earn an average salary of $199,000 a year, those working at outpatient clinics make $187,000 a year, and neurologists employed in an academic setting have a median yearly salary of $148,000. Professionals employed in other settings typically earn significantly less, around $86,000 a year.
Neurologists’ salaries also depend on these professionals’ work situation. Neurologists who are partners in their organization earn $253,000 a year on average, while those working in a solo practice make $209,000 annually. Neurologists who are employees earn around $192,000 a year, and those employed as independent contractors have a median annual salary of $106,000.
The median annual salary for neurologists with 1 to 4 years of experience is $162,519, while professionals with 5 to 9 year of experience make $195,249 a year on average. Neurologists with 10 to 19 years of professional experience earn $203,957 a year, and those with 20 or more years of experience are paid $200,000 annually on average according to information from Neurology.com.
Medscape’s Neurologist Compensation Report for 2013 reveals that the highest percentage of neurologists (24%) earn annual salaries in the range from $200,000 to $250,000 including bonuses and earnings from profit sharing. About 15% of these professionals earn $100,000 or less annually, while 3% earn $600,000 or more a year. On the higher end of the scale, 2% earn between $500,000 and $600,000 a year, and 4% make between $400,000 and $500,000 a year. 12% of neurologists report an annual income in the range from $300,000 to $400,000 per annum, and 13% earn between $250,000 and $300,000 a year.
Salary data from Payscale reveals that neurologists typically earn salaries in the range from $80,875 to $313,453 a year including bonuses and profit sharing. The annual bonuses for the profession can amount to up to $44,042, and earnings from profit sharing are generally in the range from $0 to $33,276 a year.
Neurologists with a certification from the American Board of Psychiatry and Neurology (ABPN) report annual earnings in the range from $120,602 to $291,592.
Neurologists’ income can also vary depending on employer type. Professionals employed at hospitals typically earn between $59,180 and $290,874 a year, those working at private practices make between $120,805 and $303,673 annually, and neurologists employed by universities and colleges generally have salaries in the range from $48,936 and $229,789 a year. Neurologists working for companies make between $88,000 and $277,500 a year, those working for non-profit organizations earn between $132,767 and $322,976 a year, and professionals who are self-employed report yearly earnings in the range from $143,855 to $446,982 according to Payscale.
The starting annual salaries for neurologists with less than a year of professional experience are generally in the range between $44,698 and $251,677 according to salary information provided by Payscale.
The average salary for neurologists with less than a year of experience is $127,500 a year according to Neurology.com.
Salary by state
Neurologist salaries can vary significantly from state to state. For example, neurologists based in New York typically earn between $55,752 and $236,718 a year, those living in California are paid between $59,598 and $489,357 annually, and professionals working in Texas make between $146,807 and $352,347 a year. Neurologists employed in Pennsylvania report salaries in the range from $60,000 to $258,275 a year, those working in Florida make between $51,064 and $440,421 annually, professionals based in Minnesota are typically paid between $150,000 and $265,000 per annum, and those working in New Jersey generally earn salaries in the range from $135,000 to $222,472 a year according to Payscale’s salary information.
Salary by city
Neurologists’ salaries vary from city to city, too. Professionals employed in New York generally earn between $51,064 and $234,891 a year, those based in Philadelphia make between $61,042 and $155,000 annually, and neurologists working in Boston are typically paid between $147,395 and $183,126 a year. Neurologists in Los Angeles generally make between $129,708 and $205,579 a year, those based in Houston earn from $154,839 to $250,000 annually, professionals living in Chicago earn between $140,000 and $225,000 a year, and those working in Minneapolis report annual salaries in the range from $176,874 to $284,862 according to Payscale.
Neurologists’ benefits packages can also reflect their annual earnings. Professionals who get 401(k) plans typically earn between $103,042 and $291,804 a year, those who get malpractice or liability insurance earn between $102,710 and $269,146 a year, and neurologists who have paid vacations and holidays report annual salaries in the range from $98,136 to $290,874. Neurologists who have life or disability insurance as part of their benefits package make between $128,812 and $275,918 a year, those who get paid sick leave are typically paid between $99,554 and $278,760 annually, and professionals who have 403(b) plans generally have salaries in the range from $122,449 to $305,187 a year. Neurologists who are reimbursed for their certification, education, training, or tuition report a yearly income in the range from $127,233 to $302,012 according to Payscale’s salary data.
The most popular benefits among neurologists are 401(k) plans, malpractice and liability insurance, and paid vacations.
The average hourly wage for neurologists with 1 to 4 years of professional experience is typically in the range from $33.02 to $167.50 according to salary data provided by Payscale.
Other income factors
Area of specialty is one of the more significant factors that can affect a neurologist’s salary. For instance, professionals who specialize in neurophysiology generally earn between $76,026 and $293,162 a year, those who work at neurology clinics are typically paid between $100,671 and $293,614 annually, and neurologists who specialize in video EEG monitoring report yearly salaries in the range from $117,916 to $254,341 according to Payscale.
Neurologist salaries can also vary depending on hospital setting. Professionals working at general hospitals typically make between $58,297 and $272.647 annually, those employed at physicians’ offices earn between $146,041 and $300,732 a year, and neurologists who work in ambulatory care or surgery centers report annual earnings in the range from $125,000 to $305,209 according to salary data provided by Payscale.