4. Ohio
Annual median wage: $201,740
Cost of living: 93
Employment: 1,140
We are continuing our list of best states for psychiatrists with Ohio that is slowly, but steadily, rising its way to the top when it comes to business and economic developments. The state is now popular for its stable economy, which is reflected well in their employment rates for psychiatrists. Their low cost of living rates never fail to convince people how great it is to live in Ohio. Combine that with their wages that usually go past the national average, and you got yourself an ideal place to live in.