Minnesota Among The Best States To Be A Doctor

If you are a doctor looking for a change of scenery, you could do worse than Minnesota! In fact, you can't do much better according to a recent study from Chip Lupo of WalletHub.

With several big healthcare companies based in Minnesota like CentraCare and the Mayo Clinic in Rochester, Lupo says that this state is the seventh-best place in the US for practicing doctors.

One of the categories used to rank the states by WalletHub was 'Opportunity and Competition,' which consisted of things like annual wage, hospitals per capita and how many members of the states' population was insured.

The other category focused on 'Medical Environment,' which included the quality of the public hospital system, physician assistants per capita and things pertaining to malpractice.

In the end, Minnesota finished in the top ten for average annual wage of physicians (8th overall), average monthly starting salary of physicians (1st), insured population rate (5th) and annual malpractice liability insurance rate (3rd).

WalletHub:

“Setting up a practice in one of the best states for doctors can have a profound effect on your medical career. Not only will you be working in top-quality medical facilities and earning high salaries, you’ll be less likely to burn out, and pay less for malpractice insurance," Lupo said  "Meanwhile, residents living in one of the best states for doctors will have access to quality healthcare at a reasonable cost.”

Overall, Minnesota ranked 12th in Opportunity/Competition and eighth in Medical Environment Rank.

Montana finished first overall and was followed by Indiana, South Dakota, Iowa and Utah. The bottom five were Hawaii, Rhode Island, District of Columbia, New Jersey and Oregon.