12. Minnesota
Annual median wage: $216,760
Cost of living: 101.1
Employment: 380
Known as the home of the twin cities, Minnesota, the next one in our list of best states for psychiatrists truly gives you the pleasure of being in the best of both worlds. Living in Minnesota means having access to big city life and small town charms. There are plenty of outdoor attractions and urban amenities to keep you occupied when not at work. In the context of psychiatrists, Minnesota has a good balance between income and expenses, as seen in their statistics above.