Median Annual Salary
The U.S. Bureau of Labor Statistics’ 2023 Occupational Employment Statistics cites the median annual salary for physical therapists as $99,710. Take a look at median annual PT salaries by state:
There are many factors that affect a physical therapist salary. For instance, where you live will affect how much you’ll earn. The cost of living in your area will cause the average physical therapist salaries in your area to go up or down, accordingly. And of course, your education will factor into the equation, and post-degree certification as well. Do you specialize? Are you board certified? All these things play a part in how much you could earn.
Your work environment will also determine your pay. If you work for a large company, they may be able to offer more in terms of salary and benefits. Your area of specialty or type of certifications you earn can also influence your earning potential.
How Do Physical Therapist Salaries Compare?
Which Cities Pay the Best?
Take a look at the 10 top-paying metro areas for physical therapists according to the BLS:
Physical Therapist Job Outlook
Demand for physical therapy services will come, in large part, due to the aging baby boomer population, who are staying active. And as advancements in medical technology increase the use of outpatient surgery to treat injuries and illnesses, physical therapists will continue to play an important role in recovering quickly. You might also want to consider exploring the career of physical therapy assistant. PTs and PT assistants work in the same field, but the educational path of an assistant is much shorter. Also, PT assistants are among some of the most in-demand allied heath careers.
Employment of physical therapists through 2032.
Much faster than average for all professions (3%) according to the BLS.
15.1%
Job opportunities are likely to be strong for licensed physical therapists in all settings. They may be found particularly in acute hospital, skilled nursing, and orthopedic settings, where the elderly are most often treated. And the outlook is especially favorable in rural areas, because many physical therapists live in highly populated urban and suburban areas.
Student Loan Forgiveness for Physical Therapists
When you’re considering your financial outlook as a physical therapist, don’t forget about the student loan forgiveness options available to healthcare workers. Depending on career path and other factors, many physical therapists and physical therapy assistants may qualify. There are full and partial loan forgiveness programs at the federal and state level, as well as for people in public service careers. If you’re interested in a physical therapy career, it’s a good idea to explore your student loan forgiveness options in advance so you can be aware of what’s available as you enter the job market.