The increase in veterinarians' mean professional income outpaced inflation between 1995 and 2005, according to one of two new reports from the AVMA, though a gender gap still existed in median income as of 2005.
Between 1995 and 2005, the mean income of private-practice veterinarians rose from $57,507 to $105,510. In 1995 dollars, mean income rose from $57,507 to $82,334. Median income of private-practice veterinarians in 2005 was $79,000. The 2005 median income for private-practice veterinarians was lower for women than for men—$73,000 versus $97,000.
These statistics and other data are in the 2007 editions of the AVMA Report on Veterinary Compensation and AVMA Report on Veterinary Practice Business Measures. The compensation report provides an analysis of professional earnings in private practice and in public or corporate employment. The report on business measures contains data on private-practice revenues, expenses, and other variables. The reports break down statistics by practice type, ownership status, gender, and region—and trace trends from 1995-2005.
The statistics primarily represent results from the 2006 AVMA Biennial Economic Survey of Veterinarians, which collected data from the 2005 calendar year. The survey sample totaled 6,044 veterinarians, and the AVMA weighted the responses to reflect the membership population. The report on business measures reflects responses from 486 practice owners.
The AVMA has released the reports in book form and, for the first time, in PDF format for Web download. Reports are available for purchase by calling the AVMA at (800) 248-2862 or visiting www.avma.org/products/resource/bes_reports.asp.
The combination price for both reports in book form is $154 for AVMA members and $272 for nonmembers, while the price for both reports in PDF format is $149 for members and $247 for nonmembers. The reports also are available for purchase individually.