Physician retirement is a hot topic as nearly a third of Physicians in America will be retiring in the near future. If you are a Physician with retirement on the horizon, it's important to think about where you want to line up your final job so you can maximize income while also aligning yourself with a comfortable lifestyle after work. To help you make this decision, consider this list of the top states for final Physician jobs based on pay and retirement quality of life factors*.
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Florida
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This state is well known for its sunny beaches, retirement communities, lack of state tax on personal income, and according to WalletHub.com, a first out of fifty in affordability rating. Florida's affordability and favorable tax structure make it a great place for Physicians to take a final job prior to retirement to help sock away some extra savings. This state is also notable for above-average Physician pay averaging $216,020 annually and a 7th place ranking for the highest quality of life.
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Iowa
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Iowa may not be the first place you think of when it comes to retirement, but this state has some of the highest Physician pay in the country, totaling $246,670 annually. Top pay and a top 10 ranking for health care factors like the number of care workers, overall population health, life expectancy and quality of life indexes, make this state a great choice for retirement.
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New Hampshire
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If the northeast United States speaks to your heart, New Hampshire may be the best place to take that final job. This state boasts both an above-average Physician pay of $264,470 a year and a top 3 ranking for residents' quality of life.
Wisconsin
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"America's Dairyland" has a lot to offer Physicians who are seeking a great place to settle down and retire. This state has top–notch public safety, access to entertainment and social activities that explain why it's ranked fourth nationwide for the best quality of life. Income levels are also above the national average for Physicians working in this state, totaling $249,000 annually