Physician Salary in Richmond
2026 compensation data for Physician positions in Richmond, VA. Ranges from $171,000 (entry-level) to $428,000 (senior). Median: $261,000.
Median (Mid)
$261,000
$125.48/hr
vs National
+2%
US: $257,000
COL Index
100
vs US avg = 100
Senior Max
$428,000
Top of band
Salary Ranges by Experience Level
Detailed Compensation Breakdown
| Level | Annual Min | Annual Median | Annual Max | Hourly (Median) |
|---|---|---|---|---|
| Entry-Level (0–2 yrs) | $171,000 | $200,000 | $233,000 | $96.15/hr |
| Mid-Level (3–5 yrs) | $219,000 | $261,000 | $314,000 | $125.48/hr |
| Senior (6+ yrs) | $276,000 | $342,000 | $428,000 | $164.42/hr |
What Your Salary Is Really Worth in Richmond
A mid-level physician earning $261,000 in Richmond has the same buying power as $261,000 in an average US city, after adjusting for the local cost of living (COL index 100).
Cost of living comparisons use a base of 100 (US national average). Higher index = higher housing, transport, and consumer prices.
About Physician Salaries in Richmond
The median physician salary in Richmond, VA is $261,000 for mid-level professionals, which is 2% above the national median. With a cost of living index of 100 (national average = 100), Richmond offers an affordable cost of living, making these salaries stretch further.
Entry-level physicians in Richmond can expect to earn between $171,000 and $233,000 (about $96.15/hour), while senior professionals with 6+ years of experience earn up to $428,000 ($428K annually, or about $205.77/hour).
These figures represent base salary only and do not include bonuses, equity, or benefits, which can add 20–50% to total compensation — especially at technology companies and in competitive markets like Richmond.
Frequently Asked Questions: Physician Salary in Richmond
What is the average Physician salary in Richmond?+
The average Physician salary in Richmond is $261,000 for a mid-level professional (3–5 years of experience). Entry-level pay starts around $200,000 and senior-level pay reaches $342,000.
How much does an entry-level physician make in Richmond?+
Entry-level physicians in Richmond earn between $171,000 and $233,000, with a median of $200,000 per year (about $96.15/hour).
What is the hourly rate for a Physician in Richmond?+
Based on a 2,080-hour work year, a Physician in Richmond earns roughly $96.15/hour at entry-level, $125.48/hour at mid-level, and $164.42/hour at senior-level.
Is the Physician salary in Richmond higher than the US average?+
Yes — Physician salaries in Richmond are about 2% higher than the US national median of $257,000.
Does this include bonuses or equity?+
No — these figures are base salary only. Total compensation (base + bonus + equity + benefits) is typically 20–50% higher, and can be 2–3x at top technology and finance employers.
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