The salary for medical residents can vary based on several factors, including the country, the specific residency program, and the year of training. In the United States, as of 2023, the average salary for a first-year resident (PGY-1) typically ranges from $60,000 to $65,000 per year. Salaries generally increase with each subsequent year of residency, with some senior residents (PGY-3 and above) earning between $65,000 and $80,000 or more annually.
In other countries, residency salaries can differ significantly. For example, in Canada, residents can expect to earn between CAD 50,000 and CAD 80,000 depending on their level of training and the province. In the UK, foundation year doctors earn around £30,000 to £35,000, while specialty trainees can earn between £40,000 and £70,000.
Additionally, some residency programs may offer benefits such as health insurance, paid time off, and educational allowances, which can add value to the overall compensation package.
