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WalletHub: New Jersey is 2023’s 4th worst state for doctors

NEW JERSEY – New Jersey is 2023’s 4th worst state for doctors, according to a study done by WalletHub.

With National Doctors’ Day coming up on March 30 and the median physician’s salary at around $208,000, the personal-finance website WalletHub today released its report on 2023’s Best & Worst States for Doctors.

To identify the best states for those in the business of saving lives, WalletHub compared the 50 states and the District of Columbia across 19 key metrics. The data set ranges from the average annual wage of physicians to hospitals per capita to the quality of the public hospital system.

Practicing in New Jersey (1=Best, 25=Avg.):

  • 42nd – Avg. Annual Wage of Physicians (Adjusted for Cost of Living)
  • 37th – Avg. Monthly Starting Salary of Physicians (Adjusted for Cost of Living)
  • 50th – Hospitals per Capita
  • 25th – Insured Population Rate
  • 29th – Projected % of Population Aged 65 & Older by 2030
  • 40th – Projected Physicians per Capita by 2030
  • 20th – Punitiveness of State Medical Board
  • 43rd – Malpractice Award Payout Amount per Capita
  • 39th – Annual Malpractice Liability Insurance Rate

Source: WalletHub
Here are the top 5 best states for doctors:
  1. Montana
  2. South Dakota
  3. Idaho
  4. Wisconsin
  5. Minnesota

Here are the top 5 worst states for doctors:

  1. Hawaii
  2. Rhode Island
  3. Alaska
  4. New Jersey
  5. District of Columbia

For the full report, click here.

Jay Edwards

Born and raised in Northwest NJ, Jay has a degree in Communications and has had a life-long interest in local radio and various styles of music. Jay has held numerous jobs over the years such as stunt car driver, bartender, voice-over artist, traffic reporter (award winning), NY Yankee maintenance crewmember and peanut farm worker. His hobbies include mountain climbing, snowmobiling, cooking, performing stand-up comedy and he is an avid squirrel watcher. Jay has been a guest on America’s Morning Headquarters,program on The Weather Channel, and was interviewed by Sam Champion.

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