2. Texas
Annual median wage: $197,120
Cost of living: 90.7
Employment: 880
Texas’ employment rates seem to improve by the hour, as more and more job opportunities rise for various occupations, including psychiatrists. The Lone Star State has truly gone a long way from being a country-feel state to a booming city where jobs abound and wages soar. Fortunately, their booming economy does not affect their living expenses. Living in Texas is still as cheap as how it has always been.