Job Salary Guide · 2026
Physician Salary After Tax in Madison
Based on BLS OEWS data · WI · Single filer
Physician Salary Range
25th Percentile
$190,000
Take-home:
$131,797
$10,983/mo
Entry to mid-level
Median
$235,000
Take-home:
$160,828
$13,402/mo
Typical salary
75th Percentile
$310,000
Take-home:
$204,757
$17,063/mo
Senior / specialist
Tax Breakdown
At median salary of $235,000
Cost of Living in Madison
1BR Monthly Rent
$1,550/mo
2BR Monthly Rent
$1,950/mo
COL Index
1.16
Comfortable Rent Max
$3,350/mo
50 / 30 / 20 Budget Planner
Based on your monthly take-home of $13,402 ($160,824/yr)
$6,701
per month
- ›Rent / mortgage
- ›Groceries
- ›Utilities
- ›Insurance
- ›Minimum debt payments
- ›Transportation
$4,021
per month
- ›Dining out
- ›Streaming services
- ›Gym
- ›Hobbies
- ›Travel
- ›Shopping
$2,680
per month
- ›Emergency fund
- ›401(k) / IRA
- ›Investments
- ›Down payment fund
- ›Debt payoff (extra)
Needs / year
$80,412
Wants / year
$48,247
Savings / year
$32,165
Physician Salary in Other Cities
Frequently Asked Questions
What is the average Physician salary in Madison?
The median Physician salary in Madison (WI) is $235,000 per year based on BLS OEWS data. The 25th percentile is $190,000 and the 75th percentile is $310,000.
What is the take-home pay for a Physician in Madison?
At the median salary of $235,000, a Physician in WI takes home approximately $160,828 per year ($13,402/month) after federal and state taxes. The effective tax rate is 31.56%.
Can a Physician afford rent in Madison?
The average 1-bedroom rent in Madison is $1,550/month. On the median Physician salary, your rent-to-income ratio is 11.6%, which is "Comfortable". Financial experts recommend keeping rent below 25–30% of take-home pay ($3,350/month at this salary).
How does cost of living affect Physician salaries in Madison?
Madison has a cost-of-living index of 1.16 (1.00 = national average). Madison is 16% more expensive than the US average, which reduces the real purchasing power of the Physician salary.