The average income for first-year medical residents is about $55,000, according to a recent report. Factoring in the burdens many residents have from steep student-loan payments, that money may not go very far. One way to get a solid footing in budgeting for medical residency: Make a prudent decision when it comes to your living arrangement during residency.
The results of a survey of more than 3,500 second-year medical residents show that 45 percent reported physician burnout symptoms. The research, published in JAMA, found big differences by medical specialty, but it also uncovered physician burnout risk factors that extend beyond specialty choice.