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Becker's ASC published an interesting article recently about the amount of money needed to retire as a Physician and live comfortably on an annual basis. This was reported from CNBC findings from GOBankingRates. Below captures the top retirement states for physicians by state.
The highest annual cost of living for retired physicians? Hawaii. Trade in your sanity for palm trees and crystal clear waters.
There is a 20% buffer attached to each figure. What state would you choose to retire in?
Alabama:Â $61,176
Alaska: $86,868
Arizona: $76,730
Arkansas: $61,454
California: $100,687
Colorado: $70,689
Connecticut: $78,605
Delaware: $70,064
Florida: $71,592
Georgia: $63,398
Hawaii: $129,296
Idaho: $70,203
Illinois: $64,787
Indiana: $62,704
Iowa: $62,565
Kansas: $60,620
Kentucky: $64,301
Louisiana: $63,954
Maine: $77,286
Maryland: $80,688
Massachusetts:Â $100,201
Michigan: $63,745
Minnesota: $65,828
Mississippi: $61,315
Missouri: $61,454
Montana: $65,689
Nebraska: $64,856
Nevada: $71,314
New Hampshire: $78,883
New Jersey: $78,952
New Mexico: $64,995
New York: $85,480
North Carolina: $68,398
North Dakota: $64,440
Ohio: $65,273
Oklahoma: $59,995
Oregon: $79,230
Pennsylvania: $66,384
Rhode Island: $78,744
South Carolina: $67,773
South Dakota: $64,856
Tennessee: $62,704
Texas: $64,162
Utah: $71,453
Vermont: $79,647
Virginia: $70,342
Washington: $79,925
West Virginia: $58,190
Wisconsin: $67,356
Wyoming: $66,037
Aging physician looking to escape the madness soon? Need to find your replacement?
Contact Maddie Traylor at Advanced Scope to find someone who will take care of your patients once you've decided to retire.
Maddie Traylor
864-432-0670
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