Physicians Practice has compiled a list of the top five best states to practice medicine (requires membership to read the whole report). The results are surprising, to say the least. They are:
1. Mississippi
2. Texas
3. Alaska
4. California
5. Arkansas
They made their list based on the cost of living, the tax climate, physician density, and the Medicare Geographic Cost Index. Based on these criteria, it's astounding that California isn't at the bottom of the 50 states for desirability. We have some of the highest cost of living anywhere. We have the highest state income tax in the nation. Along the coast where people want to live, it seems like half the kids in good schools have physicians as parents so the competition for patients can be intense if you're just starting out. And the Medicare reimbursement really isn't high enough to compensate for the high costs of everything else in the state. But if you can afford it, and you don't mind having a lower standard of living considering your sizable income, California is a beautiful place to live.
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