Average Cost of Medical School

Report Highlights. The cost of a medical school education has risen by almost $1,500 every year since 2013.

  • The average total cost of medical school is $218,792.
  • The average yearly cost of medical school is $54,698.
  • Total costs vary by institution type and location, ranging from $202,612 (in-state, public school) to $234,976(out-of-state, private school).

Related reports include Average Cost of Law School | Average Cost of a Master’s Degree | Average Cost of a Doctorate Degree | Average Cost of College| Average Cost of Community College

Medical School Degree

After obtaining an undergraduate education and a bachelor’s degree, a medical school degree typically takes 4 years to complete. A medical school student studies for one of two degrees, either a Medical Doctor (M.D.) or a Doctor of Osteopathic Medicine (D.O.). After medical school a graduate will enter a paid residency period to obtain their license. Residency typically lasts between 3 to 7 years.

  • The average cost of a medical school degree is $218,792.
  • Every year, the average cost of medical school rises by $1,500.
  • Subsequently, the cost of the average 4 year degree rises by $6,000.
  • The average cost of a public school education is $199,368.
  • The average cost of a private school education is $238,220.
  • On average, an in-state resident pays $205,856 for medical school.
  • On average, an out-of-state resident pays $231,732 for medical school.

Projected Increased Costs of Medical School on Education Data Initiative

Cost Per Year

The average cost of medical school per year – as with most forms of higher education- is cheaper in-state and at a public university than at an out-of-state, private college. Since 2013 however, the average annual price of an out-of-state education has dropped. In contrast, annual in-state costs for public schools have risen by more than 10%.

  • The average cost of medical school is $54,698 per year.
  • Per year, the average cost of a public medical school is $49,842.
  • Per year, the average cost of a private medical school is $59,555.
  • On average, an in-state resident pays $51,464 a year for medical school.
  • On average, an out-of-state resident pays $57,933 a year for medical school.

Average Annual Cost of Med School on Education Data Initiative

Cost by School

There are 192 accredited medical school programs in the United States. 38 of these programs award a Doctor of Osteopathic Medicine Degree (D.O). 154 of these programs award a Doctor of Medicine Degree (M.D.).

  • New York University Long Island School of Medicine is the cheapest school per year at $10,170 for both in-state and out-of-state residents.
  • Geisel School of Medicine at Dartmouth is the most expensive school per year at $73,659 for in-state residents.
  • The University of South Carolina School of Medicine Columbia is the most expensive school per year at $91,307 for out-of-state residents.

Name

*Some schools have multiple campuses and/or multiple programs*

Resident – Tuition, Fees, & Health Insurance Cost Nonresident – Tuition, Fees & Health Insurance Cost
Albany Medical College $62,083 $62,083
Albert Einstein College of Medicine $65,978 $65,978
Baylor College of Medicine $27,873 $40,873
Boston University School of Medicine $65,890 $65,890
Brody School of Medicine at East Carolina University $25,926 N/A
California Northstate University College of Medicine $67,645 $67,645
California University of Science and Medicine – School of Medicine $62,891 N/A
Carle Illinois College of Medicine $55,373 $68,107
Case Western Reserve University School of Medicine $72,050 $72,050
Central Michigan University College of Medicine $46,757 $66,867
Charles E. Schmidt College of Medicine at Florida Atlantic University $35,113 $71,255
Chicago Medical School at Rosalind Franklin University of Medicine & Science $68,052 $68,052
Columbia University Vagelos College of Physicians and Surgeons $73,275 $73,275
Cooper Medical School of Rowan University $42,769 $66,530
Creighton University School of Medicine $66,856 $66,856
CUNY School of Medicine $41,912 $69,572
Donald and Barbara Zucker School of Medicine at Hofstra/Northwell $58,978 $58,978
Drexel University College of Medicine $64,961 $64,961
Duke University School of Medicine $70,803 $70,803
East Tennessee State University James H. Quillen College of Medicine $37,810 $47,660
Eastern Virginia Medical School $41,073 $64,816
Emory University School of Medicine $57,268 $57,268
Florida International University Herbert Wertheim College of Medicine $41,482 $72,982
Florida State University College of Medicine $31,773 $71,405
Frank H. Netter MD School of Medicine at Quinnipiac University $66,635 $66,635
Geisel School of Medicine at Dartmouth $73,935 $73,935
Geisinger Commonwealth School of Medicine $65,509 $71,934
George Washington University School of Medicine and Health Sciences $66,640 $66,640
Georgetown University School of Medicine $69,379 $69,379
Hackensack Meridian School of Medicine $73,580 $73,580
Harvard Medical School $72,163 $72,163
Howard University College of Medicine $52,446 $52,446
Icahn School of Medicine at Mount Sinai $65,855 $65,855
Indiana University School of Medicine $40,562 $66,019
Jacobs School of Medicine and Biomedical Sciences at the University at Buffalo $49,067 $70,557
Johns Hopkins University School of Medicine $64,352 $64,352
Kaiser Permanente Bernard J. Tyson School of Medicine N/A N/A
Keck School of Medicine of the University of Southern California $70,603 $70,603
Kirk Kerkorian School of Medicine at University of Nevada, Las Vegas $37,373 $67,243
Lewis Katz School of Medicine at Temple University $60,859 $64,137
Loma Linda University School of Medicine $63,404 $63,404
Louisiana State University School of Medicine in New Orleans $38,651 $66,829
Louisiana State University School of Medicine in Shreveport N/A N/A
Loyola University Chicago Stritch School of Medicine $65,488 $65,488
Marshall University Joan C. Edwards School of Medicine $30,511 $63,869
Mayo Clinic Alix School of Medicine $62,200 $62,200
McGovern Medical School at the University of Texas Health Science Center at Houston $25,836 $33,357
Medical College of Georgia at Augusta University $34,138 $63,062
Medical College of Wisconsin $60,998 $64,698
Medical University of South Carolina College of Medicine $30,142 $49,708
Meharry Medical College $61,133 $61,133
Mercer University School of Medicine $45,100 N/A
Michigan State University College of Human Medicine $48,983 $89,114
Morehouse School of Medicine $51,867 $51,867
New York Medical College $65,650 $65,650
New York University Grossman School of Medicine $10,910 $10,910
New York University Long Island School of Medicine $10,170 $10,170
Northeast Ohio Medical University $47,426 $87,606
Northwestern University The Feinberg School of Medicine $71,756 $71,756
Nova Southeastern University Dr. Kiran C. Patel College of Allopathic Medicine $62,004 $68,858
Oakland University William Beaumont School of Medicine $57,936 $57,936
Ohio State University College of Medicine $34,448 $59,368
Oregon Health & Science University School of Medicine $53,856 $78,160
Pennsylvania State University College of Medicine $56,118 $56,118
Perelman School of Medicine at the University of Pennsylvania $71,165 $71,165
Ponce Health Sciences University School of Medicine $46,719 $69,580
Renaissance School of Medicine at Stony Brook University $51,760 $73,250
Robert Larner, M.D., College of Medicine at the University of Vermont $42,034 $69,134
Rush Medical College of Rush University Medical Center $58,958 $58,958
Rutgers New Jersey Medical School $48,112 $72,002
Rutgers, Robert Wood Johnson Medical School $48,644 $72,534
Saint Louis University School of Medicine $65,232 $65,232
San Juan Bautista School of Medicine $38,158 $48,158
Sidney Kimmel Medical College at Thomas Jefferson University $64,843 $64,843
Southern Illinois University School of Medicine $39,950 N/A
Stanford University School of Medicine $71,060 $71,060
State University of New York Downstate Medical Center College of Medicine $49,824 $71,314
State University of New York Upstate Medical University $48,377 $69,867
TCU and UNTHSC School of Medicine $63,122 $63,122
Texas A&M Health Science Center College of Medicine $21,760 $34,860
Texas Tech University Health Sciences Center Paul L. Foster School of Medicine $21,484 $36,435
Texas Tech University Health Sciences Center School of Medicine $22,976 $36,476
The University of Texas Health Science Center at San Antonio Joe R. and Teresa Lozano Long School of Medicine $24,862 $42,044
The University of Toledo College of Medicine and Life Sciences $38,501 $70,506
The Warren Alpert Medical School of Brown University $71,913 $71,913
Tufts University School of Medicine $73,227 $73,227
Tulane University School of Medicine $72,672 $72,672
Uniformed Services University of the Health Sciences F. Edward Hebert School of Medicine N/A N/A
Universidad Central del Caribe School of Medicine $41,062 $49,067
University of Alabama School of Medicine $36,211 $68,927
University of Arizona College of Medicine $38,803 $58,937
University of Arizona College of Medicine – Phoenix $38,293 $58,427
University of Arkansas for Medical Sciences College of Medicine $39,537 $71,707
University of California, Davis, School of Medicine $46,668 $58,913
University of California, Irvine, School of Medicine $43,248 $55,493
University of California, Los Angeles David Geffen School of Medicine $45,306 $57,551
University of California, Riverside School of Medicine $42,659 $54,904
University of California, San Diego School of Medicine $43,266 $55,511
University of California, San Francisco, School of Medicine $43,633 $55,878
University of Central Florida College of Medicine $32,755 $59,629
University of Chicago Division of the Biological Sciences The Pritzker School of Medicine $63,618 $63,618
University of Cincinnati College of Medicine $35,726 $53,990
University of Colorado School of Medicine $45,784 $71,739
University of Connecticut School of Medicine $47,303 $79,973
University of Florida College of Medicine $39,455 $51,711
University of Hawaii, John A. Burns School of Medicine $42,109 $76,765
University of Houston College of Medicine $27,077 $40,177
University of Illinois College of Medicine $53,260 $86,437
University of Iowa Roy J. and Lucille A. Carver College of Medicine $41,662 $62,437
University of Kansas School of Medicine $38,785 $67,980
University of Kentucky College of Medicine $40,866 $74,592
University of Louisville School of Medicine $47,108 $69,296
University of Maryland School of Medicine $46,724 $77,106
University of Massachusetts Medical School $44,085 $70,797
University of Miami Leonard M. Miller School of Medicine $54,551 $54,551
University of Michigan Medical School $47,321 $65,486
University of Minnesota Medical School $42,407 $59,814
University of Mississippi School of Medicine $36,432 N/A
University of Missouri-Columbia School of Medicine $44,591 $83,154
University of Missouri-Kansas City School of Medicine $34,694 $67,192
University of Nebraska College of Medicine $26,389 $32,708
University of Nevada, Las Vegas School of Medicine $36,428 $65,428
University of Nevada, Reno School of Medicine $37,540 $65,034
University of New Mexico School of Medicine $22,907 $51,603
University of North Carolina at Chapel Hill School of Medicine $37,361 $65,321
University of North Dakota School of Medicine and Health Sciences $35,400 $64,065
University of Oklahoma College of Medicine $35,031 $69,977
University of Pittsburgh School of Medicine $65,026 $67,328
University of Puerto Rico School of Medicine $17,786 $33,786
University of Rochester School of Medicine and Dentistry $69,225 $69,225
University of South Alabama College of Medicine $36,094 $68,028
University of South Carolina School of Medicine Columbia $47,203 $91,465
University of South Carolina School of Medicine Greenville $47,337 $91,599
University of South Dakota, Sanford School of Medicine $36,554 $81,384
University of Tennessee Health Science Center College of Medicine $39,838 $57,122
University of Texas at Austin Dell Medical School $24,277 $38,596
University of Texas Medical Branch School of Medicine $29,120 $43,830
University of Texas Rio Grande Valley School of Medicine $22,829 $35,929
University of Texas Southwestern Medical School $25,478 $38,578
University of Utah School of Medicine $45,477 $83,332
University of Virginia School of Medicine $53,204 $64,314
University of Washington School of Medicine $40,182 $70,845
University of Wisconsin School of Medicine and Public Health $43,906 $60,260
USF Health Morsani College of Medicine $33,726 $54,916
Vanderbilt University School of Medicine $68,657 $68,657
Virginia Commonwealth University School of Medicine $43,965 $43,965
Virginia Tech Carilion School of Medicine $59,710 $59,710
Wake Forest School of Medicine of Wake Forest Baptist Medical Center $65,352 $65,352
Washington State University Elson S. Floyd College of Medicine $40,826 N/A
Washington University in St. Louis School of Medicine $69,250 $69,250
Wayne State University School of Medicine $42,255 $69,146
Weill Cornell Medicine $72,773 $72,773
West Virginia University School of Medicine $35,158 $67,153
Western Michigan University Homer Stryker M.D. School of Medicine $67,000 $67,000
Wright State University Boonshoft School of Medicine $42,608 $61,864
Yale School of Medicine $69,981 $69,981

Schools With Waived Costs

Certain schools and programs offer a tuition-free education. However, administrative costs and living expenses are still the responsibility of the student. Other schools offer partial tuition waivers based on financial need or academic merit.

  • New York University Grossman School of Medicine covers full tuition at $58,226.
  • Cleveland Clinic Lerner College of Medicine covers full tuition and administrative fees.
  • Kaiser Permanente Bernard J. Tyson School of Medicine covers full tuition for the first 5 cohorts of the program at $54,719.
  • Columbia University Irving Medical Center: Vagelos College of Physicians and Surgeons offers the Vagelos Scholarship Program which meets 100% of a student’s demonstrated financial need.
  • Cornell University: Weill Cornell Medicine offers debt-free need based financial aid under a financial program that offers full-ride grants instead of loans.
  • Washington University School of Medicine in St. Louis offers merit based and need based scholarships ranking them among the cheapest costing schools in the U.S. News & World Report.
  • University of California, Los Angeles UCLA David Geffen School of Medicine offers the David Geffen Medical Scholarship which covers the cost of instruction for 20% of the incoming class that year.

Cost by Race & Gender

From a 2013 study of medical school debt by race, it was discovered that more than 62% of surveyed medical students anticipated having debt greater than $150,000. Black students were the most likely to have this level of debt than the other 3 races in the survey. Asians were the least likely to reach this level of debt. Men and Women were roughly equal in their response to anticipating high levels of debt.

  • 50.2% of Asians reported anticipating debt over $150,000.
  • 57.2% of Hispanics expected debt of over $150,000.
  • 65.1% of Whites anticipated having debt over $150,000.
  • 77.3% of Blacks expected debt of over $150,000.
  • 63.2% of students in the Other category expected debt of over $150,000.
  • 61.6% of Males anticipated having over $150,000 in debt.
  • 62.5% of Females anticipated having over $150,000 in debt.

Medical School Debt by Race on Education Data Initiative

Additional Costs

The average medical student applicant applies to 16 schools within a given year. Since there is a fee to apply to one school and subsequent fees to apply to other schools, an applicant should be aware of how the costs add up. Many other additional costs are associated with exam fees, equipment fees, and living fees while attending medical school.

  • The initial Medical College Admission Test (MCAT) needed to apply for medical school costs $315 per test.
  • The initial application fee is $170 through the AAMC.
  • Each additional application costs $40.
  • The average applicant spends $770 sending out applications.
  • There may also be deposit fees to hold an initial applicant’s spot in the program, these may range anywhere from $500 to $3,000.
  • Interview and travel costs on average $1,000 for clothes, hotel accommodations, flight costs, and food.
  • The United States Medical Licensing Examination (USMLE) during the 2nd and 4th years of medical school can range from $600 to $1200 per section, and repeated attempts will increase the price.
  • Students may be asked to provide their own medical equipment and uniform such as an ophthalmoscope which costs anywhere from $50 to over $200.

Sources

  1. Association of American Medical Colleges: Tuition and Student Fees Reports
  2. U.S. Bureau of Labor Statistics, From premed to physician: Pursuing a medical career
  3. The Color of Debt: Racial Disparities in Anticipated Medical Student Debt in the United States
  4. Doctorly.org: Cost vs Reward Of A Physician
  5. American Journal of Pharmaceutical Education: It’s Time to Broaden the Conversation About the Student Debt Crisis Beyond Rising Tuition Costs
  6. National Public Radio (NPR): NYU Medical School Plans Free Tuition For Those Studying To Be Doctors