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.):

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