AVMA News

Veterinarian salaries struggle to keep up with inflation


By Malinda Larkin
Published: 21 November 2023


The mean veterinarian income actually saw a slight decline when accounting for inflation, going from $147,787 in 2021 to $146,782 in 2022 (using 2022 dollars). The annual inflation rate for the U.S. was 6.5% last year.

Unlike new veterinarians, overall veterinary incomes haven’t quite caught up to prerecession levels, said Charlotte McKay, AVMA associate director for statistical and geospatial analysis and senior economist.

However, competition in the market for veterinarians and inflation have contributed to a rise in salaries, she said during the presentation “The Market for Veterinarians” at the annual AVMA Business and Economic Forum, held virtually October 24-25.

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