Considering a career in physical therapy? There’s no better time to dive in. According to the Bureau of Labor Statistics (BLS), the field is poised to grow by 28 percent by 2026—a rate outpacing many other professions—largely due to the aging baby boomer population. Moreover, physical therapists command an average annual salary 103% higher than the national average.
The rewards of practicing physical therapy are manifold. From aiding patients in easier movement to alleviating pain and preventing future disabilities, the profession offers immense satisfaction. Research also underscores physical therapy’s role in enhancing quality of life for patients.
While the intrinsic rewards of physical therapy are undeniable, it’s crucial to consider earning potential. So, how much can physical therapists expect to earn? Let’s delve into the factors influencing their salaries:
Geographical Location Impact
Where you practice as a physical therapist significantly influences your earning potential. For instance, as of May 2017, the BLS reports an average annual wage of $88,010 for physical therapists. However, top-paying states such as Nevada ($102,860), New Jersey ($99,220), and Alaska ($97,150) offer substantially higher mean annual wages.
Conversely, states like Maine, Vermont, and Wisconsin fall within the lower income bracket for physical therapists, with mean annual wages ranging from $45,660 to $81,400.
Metropolitan vs. Rural Settings
Income potential in physical therapy also varies based on practice location—whether in a metropolitan area or a rural setting. Physical therapists in populated areas tend to earn more, with metropolitan areas like Merced, California offering mean annual wages as high as $128,040, compared to nonmetropolitan areas where wages typically range from $76,010 to $95,760.
Practice Setting Influence
Physical therapists can practice across various settings, each offering distinct earning potentials. For instance, home health care services boast the highest average pay at around $98,230 annually, followed by school settings ($95,110) and nursing care facilities ($92,670). Read our guide to choosing the right physical therapist liability insurance.
Specialized Skills Impact
Specialized skills also play a role in determining earning potential. Physical therapists with expertise in areas like orthopedics, rehabilitation, acute care, and geriatrics command higher average annual incomes, ranging from $73,000 to $81,000.
Employment Status Comparison
Finally, whether employed or self-employed impacts earning potential. While employed physical therapists earn a mean yearly wage of $88,080, self-employed counterparts average around $78,391 annually.
In essence, determining a physical therapist’s salary entails considering multiple factors, including geographic location Terraria server hosts, practice setting, specialized skills, and employment status. While pay isn’t the sole factor in career decision-making, it’s undoubtedly a crucial consideration in charting your professional journey.
