Built for medical professionals
Residency Salary Take-Home Pay Calculator
Quickly estimate resident take-home pay by specialty, state, and PGY with a US-focused tax model updated for 2026 brackets.
Use this to sanity-check offer letters, compare cities, and plan how much to set aside for taxes and living expenses.
What this calculator helps you do
- Compare residency compensation by specialty and state.
- See estimated taxes and effective rates using 2026 assumptions.
- Adjust for cost-of-living multipliers to compare cities.
- Track how PGY progression changes annual and monthly pay.
Who this is for
US medical residents and matched students comparing programs or preparing relocation budgets.
Residency Salary Calculator
Estimate your residency salary and take-home pay by specialty, state, and PGY year.
Compensation inputs
Assumes linear PGY raise of $3,200 per year.
Results
Calculated in real time as you update inputs.
Monthly Take-Home
$4,477
After estimated federal and state taxes
Annual Gross Salary
$62,000
Total Estimated Taxes
$8,271
Includes federal (approx) + state @ 4.5%
Effective Tax Rate
13.3%
Cost-of-Living Adjusted
$62,000
Adjusted by multiplier 1
Vs. National Average
-3.1%
National average set to $64,000
Explanation
Assumptions: linear PGY raises ($3,200 per year), standard deduction single filer, simplified federal brackets, and state effective rates applied to gross income. Cost-of-living multipliers are coarse regional estimates; adjust for your city if needed.
No external data sources or APIs are used; all estimates are computed locally.
Non-Device Clinical Decision Support (CDS) Notice
This calculator is Non-Device Clinical Decision Support (CDS) and is intended to assist, not direct, independent physician judgment.
The clinician is responsible for verifying the underlying math and assumptions against cited PubMed references before applying outputs in care.
How to use this calculator
- Choose your specialty and state to load base salary and state tax assumptions.
- Set PGY year to reflect your stipend progression.
- Review gross pay, taxes, and monthly take-home estimates.
- Use the cost-of-living adjusted figure to compare cities.
- Save assumptions to revisit before signing your contract.
Understanding your results
- Figures use simplified 2026 single-filer brackets and state effective rates; verify with HR/paystubs.
- Cost-of-living multipliers are coarse; adjust for your specific metro if needed.
- Pretax benefits (health, retirement) are not subtracted here—factor them separately.
- Use the delta vs national average to benchmark competitiveness.
Common questions
Are these residency salaries exact?
No. They are estimates using common stipend levels by specialty and PGY with 2026 tax assumptions. Confirm with your program.
Does this include moonlighting income?
Not directly. You can adjust specialty or add to salary externally to approximate combined income.
Are benefits and deductions included?
Health premiums, retirement contributions, and parking are not included. Add those to refine your net take-home.
Is this financial advice?
No. This is for educational planning only. Consult a licensed professional for personalized guidance.
Which year are the tax brackets from?
The calculator uses 2026 single-filer federal brackets with simplified effective state rates.
Sources and methodology
- AAMC
- IRS
- State tax tables
- Program stipend disclosures
Changelog: Updated for 2026 assumptions and refreshed copy.
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