Neonatologist Salary Guide

Ever wonder how much neonatologists make? And how does the salary for neonatologists compare across states and between perm and temp work? Let’s find out!

Explore our neonatologist salary guide to discover:

  • Neonatologist Salary
  • Physician Salary by State
  • How Do Neonatologists Salaries Compare Against Other Physician Specialties?
  • How Much Will Neonatologists Make in 2024?

Looking for neonatologist jobs? Check out our open neonatologist assignments nationwide.

NP salary guide

How Much Do Neonatologists Make?

According to the Economic Research Institute, the average neonatologist salary is $342,550 per year in the U.S. Also, the ESI reports that the neonatologists can earn on average $23,259 in annual bonuses. Based on this information, neonatology is an extremely lucrative specialty.

How Much Do Locum Tenens Neonatologists Make?

Locum tenens neonatologists can make upwards of $224 per hour on average, however, there are many factors that impact rates including location, years of experience, and the level of demand.

If you were to extrapolate that rate over a year (at 40 hours per week), the average locum salary comes out to around $465,920. 

That means locum tenens neonatologists can make up to 36% more than the average provider. However, making direct salary comparisons can be complicated. While perm neonatologists are more likely to be salaried, locum tenens neonatologists are independent contractors earning an hourly rate, which can vary based on which assignments they take in a year. 

Furthermore, because locum tenens neonatologists are paid by the hour, the hours they work are directly reflected in their pay, while a salaried neonatologist’s additional hours may not be reflected in their salary.

Finally, paid time off and insurance may be reflected in the perm neonatologists salary structure, but locum tenens providers do have options when it comes to health insurance

Neonatologist Salary by State

The most recent state breakdown of physician salaries comes from the US Bureau of Labor Statistics, as the BLS was not able to collect data for neonatologists specifically. That said, the top 5 highest paying states for physician salary are:

  • Montana 
  • South Dakota 
  • Wyoming 
  • Indiana 
  • Colorado

This data can provide some insight into the possible highest paying states for neonatologists. 

How Do Neonatologist Salaries Compare Against Other Physician Specialties?

Neonatologists fall into the middle of the 30+ physician specialties surveyed in the Medscape 2023 compensation report. The top five specialties (plastic surgery, orthopedics, cardiology, urology, gastroenterology) all reported annual income of greater than $500,000.

How Much Will Neonatologists Make in 2024?

According to the Economic Research Institute, neonatologists salaries have increased by 12% over the past 5 years, a higher rate than all over professions in the U.S. Based on this data, a safe estimate is that neonatologists will make roughly $350,771 in annual salary in 2024 if this trend continues. 

Find Your Next Neonatologist Job with Barton

Barton coordinates your job search from start to finish!



We’ll schedule a phone consultation with a Barton Associates team member to discuss your interests, goals, and work history in order to get a sense of what you’re looking for in your next job.

Your Barton team will then go to work, compiling a list of open jobs in our extensive network that match your interests and skill set.



Once you’ve had a chance to evaluate your list of opportunities, your Barton rep will submit your information to facility you want to take an assignment at.

If there’s a match, we’ll work with the client manager on next steps.



Don’t worry! Barton Associates will handle licensing, credentialing, and travel arrangements before you arrive.

Your Barton rep will also work with your new facility to ensure you’re set up and ready to go on day one.


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