Many recent dental graduates have a desire to immediately begin practicing in areas surrounding major cities. This is oftentimes discouraging, as these areas provide plenty of competition, limited opportunities for growth, and lower salaries. We understand the allure of these cities and their cultural and social scenes, but from a professional standpoint, you may want to consider these areas.
In rural communities and smaller towns, most dental practices are doing very well and patient demand is high! Many of these communities don’t have enough dentists, so these areas will pose less competition and much more economic opportunity. In addition, there are many more practices for sale in rural areas and these practices will already have established patient bases.
You may want to do a little research because, in many states experiencing dental shortages, there are loan forgiveness programs in place. These programs are often based on how many years you practice in one of these rural areas. This can be a great way for a new dentist to retire student loans. Additionally, when purchasing a practice in a market with less competition, you’ll be able to get an amazing practice at a great price. This will allow you to get a larger return on your investment than if you’d purchased a similar practice in a major city.
For dentists who need a change of scenery, an increased income, and a reduction in stress, the decision to relocate to a smaller town can be ideal. In fact, because of the lack of competition and slower pace, rural areas can be great places to start and end your career. Not only will you find better career opportunities, but smaller towns provide more opportunities for healthier lives, higher standards of living, and great lifestyles!
To speak with a dental transition consultant about relocating or starting a new practice, please contact CTC Associates. We want to help you succeed!