Salary Survey

Want to know how your income STACKS UP to those of other optometrists? Part One of our Optometric Salary Study reveals just that, along with insight on several factors that affect how much money you make

By Jeannie O'Sullivan

There's good news in optometry today. Respondents to the first Eyecare Business and Optometric Management Optometric Salary Study show an encouraging overall attitude toward business, and most respond positively about their financial prospects for 2010.

While 21 percent of respondents reported salary decreases between 2008 and 2009, 87 percent anticipate that their salary will increase or stay the same in 2010 compared to 2009. Only one in 10 anticipate a decline, which may be an indication that the recession clouds are lifting.

The respondents, who range in experience from less than 10 years to more than 30 years in practice, also report that there are added benefits to their work. Most of the optometrists say that they receive fringe benefits, such as medical insurance, paid vacation/holiday, 401(k) plans, bonuses, and sick leave.

In the first part of our survey report, EB provides an overview of respondents' optometric salaries and salary-influencing factors.

Current Gross Income Level By Region

South Atlantic incomes span the spectrum, boasting the largest percentage of optometrists (19 percent) reporting an annual income of $500,000 or more, as well the largest portion of optometrists (42 percent) making less than $100,000.

CURRENT GROSS INCOME LEVEL BY PRACTICE FORMAT

If you're in a solo practice, chances are you don't make as much as group ODs; the median incomes for respondents in group practices and solo practices are, respectively, $275,000 and $225,000.