Physician Mortgage Lenders in South Dakota
Why Is South Dakota the Best State for Doctors?
There were nearly 1 million doctors in the United States in 2019. That equates to roughly one doctor for every 300 people, which means you’re not likely to find too many towns without at least 1 doctor in them.
However, that doesn’t mean you have nowhere to go. While most places have doctors working there, plenty of them don’t have enough. This is especially true given that some are predicting a shortage of doctors within the next few decades.
This raises an interesting question: Which are the best states for doctors? The best state, believe it or not, seems to be South Dakota, and we’ll talk about why in this article.
1. Most Livable Wage
One of the reasons South Dakota is the best state to be a doctor is the average wage. If you guessed they’re the highest-paying state in the country for doctors, though, you’d be wrong. In terms of average salary, South Dakota is lower than most states.
What sets them apart is the cost of living. South Dakota was ranked tenth in affordable housing in 2020.
2. Jobs are Plentiful
South Dakota has a population of about 900,000, making it one of only seven states with a population of less than one million. With so few people there, there aren’t likely to be too many of them applying for the same job.
You might even be the only applicant, since is going through a bit of a labor shortage, with more jobs than there are people to fill them. This means that not only is there no shortage of available jobs, but the average worker also has more bargaining power.
While South Dakota doesn’t offer high salaries compared to other states, a doctor in South Dakota will still make more, on average, than most Americans.
In many cases, it’s not even close, because some doctors in South Dakota make 4 times as much as the average American.
3. It’s Beautiful
While jobs and the cost of living are important, the ideal home should be appealing on a personal level. South Dakota is home to the famous Black Hills, which in addition to being replete with history, is also unbelievably gorgeous.
We often think of endless prairies when we think of South Dakota, but that’s not entirely true. While the Great Plains region that it’s part of is largely plains, other features often get overlooked. The Black Hills that we mentioned above are a mountain range covered with forests.
In the southern area of the state is the Badlands, a set of canyons and rock formations carved by rivers. The Badlands in South Dakota is a state park.
Best States for Doctors: South Dakota
One of the best states for doctors, if not the best, is South Dakota. We’ve talked about some of the benefits South Dakota offers for doctors in this article.
If you want to know more about home finance for doctors or need a home financing loan, please visit our site.
Looking for a Physician Mortgage Specialist in South Dakota?
Whether you are relocating with a physician loan or need a new physician loan, we have helped doctors just like you; Sioux Falls, the great city of Rapid City, and Aberdeen while not forgetting about Brookings.
Our network of Bankers closed over one billion dollars in mortgages last year, and our vetted banker network is ready to help you.
Take advantage of the best mortgage product in the country, and contact one of our verified lenders today!
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- Choose the right specialist for your home finance needs
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