If you’re a physician in Montana or Wisconsin, your job satisfaction is likely significantly higher than it would be if you resided in Washington, D.C. or New York, according to personal finance website WalletHub, which recently released its 2019 list of the best and worst states for doctors.
After examining average annual wages, projected competition, the cost of malpractice insurance and other metrics in all 50 states and Washington, D.C., WalletHub ranked each state for physician-friendliness based on two key dimensions: “opportunity and competition” and “medical environment.”
The opportunity and competition category comprised factors such as physician wages, hospitals per capita and the insured population rate, while the medical environment category took into account aspects such as the quality of public hospitals, the punitiveness of state medical boards and malpractice issues. Learn more about the methodology here.
Physician wages, adjusted for cost of living, are highest in South Dakota and Mississippi and lowest in New York and Washington, D.C., WalletHub found. Another key finding: Malpractice insurance is priciest in Illinois and New York and most affordable in Nebraska and South Dakota.
With the exception of Idaho and Mississippi, Great Plains and Midwestern states filled out WalletHub’s top 10 list, while its bottom 10 included several coastal states with heavily populated urban areas and a high cost of living.
Here are 2019’s top 10 best states to practice medicine in, according to WalletHub:
6. South Dakota
10. North Dakota
Here are 2019’s 10 worst states to practice medicine in, according to WalletHub:
48. New Jersey
49. Rhode Island
50. Washington, D.C.
51. New York
View the full list of all 50 states and Washington, D.C., at WalletHub.