In 2020, the median annual wage for physical therapists (PTs) was $91,010, slightly higher than the $86,280 median annual wage for occupational therapists (OTs) according to the U.S. Bureau of Labor Statistics. However, the actual pay can vary depending on factors such as location. For example, Nevada is a top-paying state for both PTs and OTs, but it pays OTs more, possibly due to a smaller number of OTs employed in the state.