Do you get paid during residency?

Medical residents are paid for their time. The typical salary is about $40,000 to $50,000 per year as of 2014, according to About. This amount is intended to help residents cover basic living expenses and bills before they become fully licensed.

The primary reason that a medical resident earns much less than a licensed doctor is that the resident isn't able to perform all health care services independently. Therefore, residents offer limited value to the medical institution where they complete the residency. The length of a residency varies from three years to five years, depending on whether the person is a primary care or specialty resident.