Wyoming Health System

There are plenty of reasons to want to move to Wyoming- big skies and mountains, affordable property, great outdoor recreation, and more. Financially, the most important thing to consider is the confluence of the following 4 factors: High physician compensation, student loan repayment offerings, low cost of living, and the state’s tax friendly status. Wyoming has no state income tax, which means that you keep a significant portion of your earnings that you’d otherwise forfeit. Add to that the significantly low cost of living, and you’re keeping a lot more income in your pocket! Wyoming also has no inheritance or gift tax, no tax on out of state retirement income, low property tax, no excise tax, and no tax on the sale of real estate, as well as offering access to dynasty trusts. No matter how you look at it, Wyoming is among the most tax friendly states for physicians and their families.