Q&A
Comparison of doctor salaries in NYC to other states
1:24:01
ยท
68 sec
Dr. Katz discusses how doctor salaries in New York City compare to those in other states, emphasizing that while salaries may be similar, the high cost of living in NYC creates unique financial challenges for doctors.
- The average salary for a hospitalist or primary care doctor in NYC is estimated at $225,000 to $250,000
- Dr. Katz points out that while salaries are similar to other places, the cost of living in NYC is significantly higher
- The discussion highlights how the high cost of living effectively reduces the value of doctors' salaries in NYC
Susan Zhuang
1:24:01
And is that the doctor in New York City is underpaid?
Mitch Katz
1:24:08
I understand.
Susan Zhuang
1:24:10
Compared to other state?
Mitch Katz
1:24:13
Well, certainly, underpaid in the sense that it's so much more expensive to live here.
1:24:18
Absolutely.
1:24:19
Right.
1:24:19
I mean, people could obviously, in a different place, afford a different life.
1:24:24
New York City is a hard place for anybody to own a house.
Susan Zhuang
1:24:28
What's what's the average salary for a hospitalist, primary care hospitalist, in New York City?
Mitch Katz
1:24:37
In New York City.
1:24:39
I it's in the, somewhere between 225 and 250.
Susan Zhuang
1:24:47
It's compared to other state, it's much lower or much less?
1:24:52
Much higher or much less?
Mitch Katz
1:24:53
I think the major thing is that New York City doctor salaries are similar to everywhere else, but the cost of living here is outrageously higher.
1:25:03
And so the salary seems okay until you have to pay your rent.
1:25:09
So,