Resident Finance
Resident budget calculator.
Enter your PGY year, gross stipend, and location cost-of-living tier to see a realistic after-tax budget breakdown — including your estimated IDR student loan payment.
Your situation
$
AAMC 2024 median PGY-1: ~$65K. Each PGY year adds ~$2K.
Affects IDR poverty-line floor
%
Federal + state blended
PGY-1 estimated gross stipend
$65,000
After 22% tax: $4,225/mo
Monthly budget breakdown
After-tax income+$4,225/mo
Rent (estimated)$1,750/mo
Food & groceries$625/mo
Transportation$313/mo
Utilities$150/mo
Misc / personal$288/mo
IDR loan payment$353/mo
Remaining (savings potential)+$746/mo
Expenses scaled to Medium COL (mid-size city). IDR payment uses 10% of discretionary income above 150% of the federal poverty line for a family of 1.
Tip: Contributing to your 403(b)/401(k) and HSA reduces your AGI, which lowers your IDR payment AND your tax bill. Even $200/month pre-tax contributions can improve your cash flow.
Ready to model your full loan repayment over your entire career?
Open the full MedDebt Calculator →