The average medical resident is earning around $70,000 annually, according to Medscape’s 2024 Resident Salary and Debt Report, a 3.9% increase from 2023’s average, which was $67,400. The report explores average resident salaries based on residency year, and notes that 90% of residents feel they are underpaid “relative to their worth, skills and hours.” Resident pay increases are less generous when adjusted for inflation, said a fellow quoted in the story. For example, average resident pay increased by 27% over the past 9 years, but inflation for that same time period is 33%.
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