20. Alabama
Annual median wage: $161,910
Cost of living: 91.2
Employment: 440
Like other affordable American states, Alabama has a huge share of terrains and forests to explore. Apart from seriously beautiful nature parks, the state also boasts of strong businesses specializing in aerospace, mining, agriculture, and so much more. Alabama has one of the best climates in the country as well. With its low cost of living and relatively high wages for psychiatrists, the state holds so much promise for this professionals, and is definitely one of the best states for psychiatrists.