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Here are the Top-Earning and Lowest-Earning States for Physicians in 2016

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Earlier this month, Medscape released its “Physician Compensation Report 2016,” and according to Carol Peckham over at the publication’s website, the report is based on information collected from “nearly 19,200 physicians in over 26 specialties,” who “disclosed not only their compensation, but also how many hours they work per week, how many minutes they spend with each patient, the most rewarding part of their job, changes to their practice resulting from healthcare reform, and more.”

Previously, we broke physician compensation down by specialty and by geographic region. This time, we take a look at the top-earning and lowest-earning states for physicians.

The top-earning state for physicians is North Dakota, with an average annual physician salary of $348,000. North Dakota is followed by New Hampshire, with $322,000 and Nebraska at $317,000.

According to Peckham, “This also held last year, with the top earners located in North Dakota and Alaska (both at $330,000) followed by Wyoming ($312,000).”

One expert Medscape talked to said, “The oil boom in North Dakota has been driving demand and comp for physicians in North Dakota through the roof, but with current oil prices, that trend can be expected to cool considerably.”

The other top-earning states, from No. 4 to No. 10, were: Alaska at $314,000; Montana and Indiana at $304,000; Wisconsin and Mississippi at $302,000; and West Virginia and Arkansas at $299,000.

The lowest-earning state in the country is Rhode Island at $224,000. Rhode Island is followed by the District of Columbia at $226,000 and Maryland at $231,000. The article points out that these states are all on the East Coast.

“In last year's Compensation Report, physicians fared worst in the District of Columbia ($186,000) and Rhode Island ($217,000),” Peckham writes. “As well as having low-ranking compensation, Maryland was the only state out of the three that showed a decline in income this year (from $237,000).”

The other lowest-earning states are: Massachusetts at $257,000; Michigan at $262,000; New York at $263,000; Virginia at $264,000; Vermont at $268,000; Colorado at $269,000; and New Mexico at $272,000.

As physicians who are looking for jobs, what kind of income are you looking to earn? Has this expectation prompted you to look for positions in other states?

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