According to the ADA website, the average dentist salary for an independent private dental practitioner who owns all or part of his or her practice in 2009 was $192,680 for a general practitioner and $305,820 for a specialist.
Considering the state of the economy, we wondered if this is still an accurate financial assessment of dental incomes.
“The idea that all dentists are wealthy is absurd,” wrote a Minnesota dentist. “The public has no idea what it costs to run a dental clinic. Lab bills are $12,000 a month. Salaries are $20,000 a month. Add in equipment, rent, liability insurance, and of course, endless supplies, and now you have some very serious overhead. In reality, dentists must produce so very much revenue before they pay themselves that very few dentists are truly wealthy.”
Click on Play to watch the video and hear what dentists are saying about being wealthy –
Do you feel that most dentists are wealthy? Leave us your thoughts in the comments.