Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

11 Best States for Doctors to Practice Medicine

Every medical student should consider one of these 11 best states for doctors to practice medicine in. Ranked by various criteria, these are the best places in the United States to be a doctor.

 Best States for Doctors to Practice Medicine /

Just finished medical school and have a truckload of student debt you have no idea how to pay off? Not to worry, we have you covered. We have a list of best states in the country to start your fledgling medical career. On average, medical school graduate finishes their education with $176,000 in student loans. If any serious dent is going to be made in that mountain of debt, they have to start making some real money as soon as possible, and states on our list are ideal places to start. Any position from the list of the best paying jobs for doctors in the US in these states will get you out of those student loans in no time.

How does one determine the best state for doctors to practice medicine? First, we start with the most obvious, how much money on average doctors make in said state. But the number on a paycheck won’t tell you much unless you factor in state taxes and costs of living. While doctors in San Francisco earn $250,000 per year, a good chunk of that money goes to their landlords, with average rent in Bay area being $3,458. And that’s not taking into account how much the great state of California will charge you in taxes. So, to get a clear perspective on earnings, we have to take a look at doctor’s disposable income.

Another important factor is the amount of medical malpractice payouts local courts award to the patients. The best way to judge this is by looking into per capita malpractice payouts. These amounts vary wildly across the states. For instance, in 2013 in Alabama per capita malpractice payouts were %5.18, while in New York they reached $38.83. These figures affect the insurance doctors pay, further reducing their disposable income.

But there’s more to life than just salary and worrying about insurance payoffs. The quality of entertainment and cultural offerings is also important, so they were also taken into account when determining 11 best states for doctors to practice medicine.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.