Thursday, December 12, 2019

Visualizing the highest-paid job in every state

Visualizing the highest-paid job in every stateVisualizing the highest-paid job in every stateWant to make a lot of money? Become a doctor.Thats the basic message behind our new map breaking down the highest paid occupations in every state. Almost every single top-ranking job is in the healthcare field.Click here to enlargeWe have put together a list of the highest paying jobs in every state based on annual mean wage figures, according to the U.S. Bureau of Labor Statistics. We created a color-coded map by occupation, letting you easily see the regional patterns at the highest end of the labor market.At the macro level, all the top paying jobs are from the medical profession. Thats because were looking at annual mean wages for large groups of people. Only some actors in California, for example, make millions of dollars. The vast majority of people dont make very much money creating films. But doctors and dentists generally make tons of money no matter where they live.The real questio n then is which types of medical professionals make the most money. Across the Northwest, theres an obvious cluster of obstetricians and gynecologists. Internists are the highest paid in only two states, Minnesota and Arkansas. Anesthesiologists do pretty well no matter where they work.Interestingly, our map indicates there isnt much variation in average incomes for the highest-paid jobs across the country. Every state boasts a wage around $250k to $390k with the exceptions of Puerto Rico ($135,510), the Virgin Islands ($150,620) and Guam ($163,180). No occupation makes millions on average, and yet, regardless of where you live, if you work one of these jobs you can expect to make some decent coin.This means that the real differentiating factor to consider is the cost of living, which determines how much money people keep after paying for their basic necessities. For example, the cost of buying a house is outrageously expensive in California compared to Ohio. An anesthesiologist onl y makes on average about $7,000 more in California than Ohio, but he or she would likely pay tens of thousands more housing. Although we dont recommend picking a job based solely on how much money youd make, its always helpful to know where you stand for both income and expenses.Data Table 1.1This article first appeared on How Much.

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