What does the average physical therapist make? This is a question that often comes up when individuals are considering a career in the healthcare field. The salary of a physical therapist can vary greatly depending on several factors, including experience, location, and the specific setting in which they work. Understanding the average salary can help aspiring therapists make informed decisions about their future careers.
According to the U.S. Bureau of Labor Statistics (BLS), the median annual wage for physical therapists was $86,710 as of May 2020. This means that half of all physical therapists earned less than this amount, while the other half earned more. However, it’s important to note that this figure can vary significantly based on the individual’s experience and the region in which they practice.
One of the primary factors that can affect a physical therapist’s salary is their level of experience. Early-career physical therapists may earn less than those with more experience. According to the BLS, the lowest 10% of physical therapists earned less than $58,790, while the highest 10% earned more than $124,630. As therapists gain more experience, they often become more specialized and can command higher salaries.
Another important factor is the geographic location. Physical therapists in certain regions, such as the Northeast and West Coast, tend to earn higher salaries than those in other parts of the country. For example, the median annual wage for physical therapists in New York was $92,760, while in Mississippi, it was $76,990. This difference can be attributed to the cost of living and the demand for physical therapy services in each region.
The setting in which a physical therapist works can also impact their salary. Those who work in hospitals or private practices often earn higher salaries than those who work in schools or home health care settings. For instance, the median annual wage for physical therapists in hospitals was $89,790, compared to $87,710 for those in offices of physical therapists. Additionally, physical therapists who work in outpatient care centers or specialty hospitals may earn higher salaries due to the complexity of the cases they treat.
It’s also worth noting that physical therapists have the opportunity to earn additional income through various means, such as private practice, consulting, or teaching. These additional income sources can help boost a therapist’s overall earnings and provide more financial stability.
In conclusion, the average physical therapist makes a median annual wage of $86,710, but this figure can vary significantly based on experience, location, and the specific setting in which they work. Aspiring therapists should consider these factors when planning their careers and setting realistic salary expectations.
