NEW MEXICO (KRQE) – A new study by the personal finance website WalletHub looks at which states are best and worst for doctors. The site looked at two key dimensions; opportunity & competition and medical environment. So how did New Mexico stack up?
Towards the bottom, unfortunately. New Mexico came in at #46 just ahead of the District of Columbia, New Jersey, Alaska, Rhode Island, and Hawaii. The state ranked 35th when it came to opportunity and 44 for opportunity.
WalletHub evaluated the two dimensions using 19 different metrics from a physician’s average annual wage to the safety of hospitals. The top five states for doctors ended up being Montana, South Dakota, Idaho, Wisconsin, and Minnesota.
A bill was presented in the 2023 Legislative Session focusing on the doctor shortage in New Mexico. Senate Bill 231 would appropriate $7.5 million to the Higher Education Department to address the issue. It passed the Senate Education Committee unanimously and headed to the Senate Finance Committee on February 8, 2023.