The average income for a Family Doctor in Texas was $120,000 per year over 10 years ago. It is now closer to $90,000. The specialists have taken an income hit too, of about the same percentage. Many have gone from $400,000 per year to $300,000 per year. They have more cushion for loss than us Family Doctors, Pediatricians, and Internists.
Currently, a pharmacist makes over $100,000 per year with paid health insurance, life insurance, paid vacation and retirement benefits. The drug reps that visit my office may make $70,000 per year with the same benefits, stock options and a free car! The doctors income is before all of these benefits. I have to come up with my own vacation money and retirement savings from my take home income.
My income was $34,000 my first year in practice due to seeing to many Medicaid patients and be paid only a pittance. I was moonlighting in the emergency room often which income is what moved me from the red to black. By my 3rd year in practice, I was working 90-100 hours per week and making $55,000 per year. Wouldn't you just love to have this job?