As of July 01, 2026, the average salary for a Resident Physician in Minnesota is $64,887 per year, which breaks down to an hourly rate of $31.
However, a Resident Physician's salary can vary significantly. Here’s a look at the typical salary range:
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Resident Physician Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $71,545 | $5,962 | $1,376 | $34 |
| Average | $64,887 | $5,407 | $1,248 | $31 |
| 25th Percentile | $60,988 | $5,082 | $1,173 | $29 |
University of Minnesota Physicians - Minneapolis, MN
Deep Roots Family Medicine - CORVALLIS, OR
California Dermatology Institute - LOMPOC, CA
Grand Itasca - GRAND RAPIDS, MN
A Resident Physician's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, and company size can directly affect your earning potential.
Experience is a primary driver of a Resident Physician's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Entry Level Resident Physician | $63,607 |
| Intermediate Level Resident Physician | $63,898 |
| Senior Level Resident Physician | $64,305 |
| Specialist Level Resident Physician | $65,086 |
| Expert Level Resident Physician | $67,074 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Resident Physicians. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
Resident Physician salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $72,391. While startup companies pay approximate $61,443.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $61,443 |
| Growth Stage | 51~500 | $64,926 |
| Established | 501~5000 | $69,966 |
| Enterprise | 5000+ | $72,391 |
For Resident Physician roles, the industry you choose can affect earning potential by as much as 35% (the gap between the highest and lowest paying industries). Data shows that the Healthcare and Biotechnology sectors offer the strongest compensation, at 20% above the average. In contrast, Resident Physician positions in Edu., Gov't. & Nonprofit or Business Services typically offer lower base pay, as these industries often view Resident Physician as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Healthcare | $77,865 | $37.0 | 20% |
| Biotechnology | $68,132 | $33.0 | 5% |
Understanding how a Resident Physician's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $71,545 | $5,962 | $1,376 | $34 |
| Average | $64,887 | $5,407 | $1,248 | $31 |
| 25th Percentile | $60,988 | $5,082 | $1,173 | $29 |
Ready to take the next step in your career? Browse thousands of current Resident Physician job openings on our job board. Use the search bar below to find your perfect match.
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