Montana is the best state for physicians to practice in, while Hawaii is the worst, according to a March 18 report from personal finance site WalletHub.
The report compared the 50 states and Washington, D.C., based on opportunity and competition and medical environment. The two dimensions were then evaluated using 19 metrics, including physicians' average annual wage, the number of hospitals per capita and physician burnout rate.
Here is the average annual compensation for family physicians in the 10 best states for physicians to practice in, according to 2023 data from the Bureau of Labor Statistics:
- Montana: $209,330
- South Dakota: $242,880
- Nebraska: $267,760
- Utah: $231,790
- Indiana: $231,990
- Minnesota: $231,200
- Wisconsin: $234,440
- Idaho: $226,730
- Iowa: $260,900
- Louisiana: $174,720