Are you thinking about relocating to a new state or making a career move that will increase your earning potential? Or maybe you’re wondering where to go on your next locum tenens assignment. Regardless of your personal situation, knowing which are the highest-paying states for physicians in 2024 can help you get the pay you deserve.
According to Medscape’s 2024 physician compensation report, the average income for physicians nationwide is $363,000, up 3% from $352,000 last year. If you’re looking to earn a higher salary, here are the top states and metro areas across the country where physicians can earn above-average pay.
Highest-paying states for physicians in 2024
According to the MGMA, these are the states ranked in the top five for physician pay across three categories (primary care, surgical specialties, and non-surgical specialties). While some states may boast high salaries across specialties, others pay more in just one or two of the categories listed above.
Mississippi
- Primary care: #1
- Non-surgical specialty: #1
- Surgical specialty: #3
Mississippi has a robust healthcare environment with a strong emphasis on patient care in both urban and rural areas. Physicians earn higher salaries here due to a combination of lower cost of living and higher demand for healthcare services. Additionally, the state’s commitment to healthcare innovation and rural health initiatives makes it an attractive place for medical professionals to work and live.
South Carolina
- Surgical specialty: #1
- Primary care: #4
South Carolina’s healthcare system is well-developed, with a strong network of hospitals and clinics. However, many of its residents are uninsured, meaning they lack access to healthcare services and more physicians are needed. The state’s charming cities, beautiful coastline, and warm climate make it a desirable place to live and work.
South Dakota
- Primary care: #2
- Non-surgical specialty: #3
- Surgical specialty: #5
South Dakota offers a unique healthcare environment with a focus on comprehensive patient care and community health. The state’s rural landscape necessitates higher salaries to attract and retain skilled physicians. South Dakota’s low cost of living, combined with its picturesque landscapes and friendly communities, makes it an appealing option for healthcare professionals seeking both financial and personal fulfillment.
New Mexico
- Non-surgical specialty: #2
- Primary care: #3
New Mexico’s diverse population and unique healthcare challenges provide physicians with a dynamic and rewarding work environment. Add to that the state’s rich cultural heritage, pleasant climate and opportunities for outdoor recreation, and New Mexico becomes an enticing destination for physicians looking to enhance their careers.
Alabama
- Surgical specialty: #2
Alabama’s healthcare system benefits from a combination of advanced medical facilities and a strong emphasis on patient care. Physicians, particularly in surgical specialties, earn higher salaries due to the high demand for their expertise. Alabama’s rich history, diverse culture, and affordable living make it an attractive destination for healthcare professionals.
Florida
- Surgical specialty: #4
- Non-surgical specialty: #4
Florida’s vibrant healthcare sector is supported by a large and diverse population. Due to the high demand for medical services, physicians in Florida earn competitive salaries, especially in surgical and non-surgical specialties. The state’s warm climate, beautiful beaches, and dynamic cities offer physicians an excellent quality of life.
Montana
- Primary care: #5
Montana’s rural health and community-based care system means physicians will likely practice in remote areas with patients in need of quality care. The state’s stunning natural beauty and outdoor recreational opportunities are major draws for physicians seeking a balanced lifestyle.
Texas
- Non-surgical specialty: #5
Texas boasts a rapidly growing healthcare sector, with numerous opportunities for physicians across various specialties. The state’s booming economy and expanding healthcare needs contribute to higher salaries in Texas. Texas’ diverse cities, cultural richness, and favorable business climate make it a top choice for physicians looking to maximize their earnings and lifestyle.
Highest-paying metro areas for physicians in 2024
In addition to state-wide data about physician pay, there are several metro areas that pay physicians higher than average salaries. It’s important to note that while some of these areas may pay well, the cost of living is also significantly higher than average — meaning your dollar may not go as far as other areas offering smaller paychecks.
These are the top five highest-paying metro areas for physicians, according to Doximity.
San Jose, California
- Average physician compensation: $474,977
San Jose’s healthcare environment is highly advanced, driven by the city’s tech-savvy population and high demand for specialized medical services. Physicians earn higher salaries here due to the high cost of living and competitive healthcare market. San Jose’s vibrant economy, cultural diversity, and proximity to Silicon Valley make it an exciting place for healthcare professionals to thrive.
Los Angeles, California
- Average physician compensation: $448,121
Los Angeles offers a dynamic healthcare landscape with a wide range of medical facilities and specialties. Physicians in Los Angeles earn higher salaries due to the city’s large, diverse population and high cost of living. The city’s renowned cultural scene, beautiful weather, and endless recreational opportunities make it an attractive location for physicians.
St. Louis, Missouri
- Average physician compensation: $442,576
St. Louis boasts a robust healthcare environment with a strong emphasis on research and innovation. Higher physician salaries in St. Louis are driven by the city’s established medical institutions and lower cost of living. St. Louis’ rich history, cultural attractions, and welcoming community make it a great place for healthcare professionals to call home.
Sacramento, California
- Average physician compensation: $440,004
Sacramento’s healthcare sector is growing rapidly, supported by a diverse population and a strong network of hospitals and clinics. Physicians earn higher salaries in Sacramento due to the increasing demand for healthcare services and the region’s cost of living. Sacramento’s family-friendly atmosphere, beautiful surroundings, and vibrant cultural scene make it an appealing place to work and live.
Minneapolis, Minnesota
- Average physician compensation: $438,756
Minneapolis offers a well-developed healthcare system with a focus on quality patient care and medical research. Physicians in Minneapolis earn higher salaries due to the city’s high demand for medical expertise and robust healthcare infrastructure. The city’s high quality of life, excellent educational institutions, and vibrant cultural offerings make it a top choice for healthcare professionals.
Ready to earn more by working in one of these top states and metro areas? We can help you find a locum tenens assignment there. Give us a call at 954.343.3050 or view today’s locum tenens job opportunities.
