Average Psychiatrists Salary in Albany-Schenectady-Troy, NY
The average salary for Psychiatristss in Albany-Schenectady-Troy, NY is $210,600. While this is lower than the national average, the cost of living in Albany-Schenectady-Troy, NY may offset the difference, preserving real purchasing power. Notably, Albany-Schenectady-Troy, NY is a key hub for this profession, with a job concentration 1.65x higher than average.
Executive Summary
- Average Salary: $210,600 per year.
- Growth Trend: Salaries have shifted 19.3% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $315,900.
- Outlook: The current demand for Psychiatristss is stable, with a local workforce of approximately 120 professionals. This role remains a specialized component of the broader Albany-Schenectady-Troy, NY economy.
Salary Overview
The average Psychiatrists in Albany-Schenectady-Troy, NY earns-23.3%below the national average.
$101.3
$4,050
$17,550
Psychiatrists Salary Trends (2020-2024)
Over the past 4 years, Psychiatrists salaries in Albany-Schenectady-Troy, NY have seen a slight adjustment of -19.3%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Psychiatrists Salary Distribution in Albany-Schenectady-Troy, NY
The earning potential for Psychiatristss in Albany-Schenectady-Troy, NY varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.3x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $72,750, while highly experienced professionals can command wages upwards of $315,900.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $72,750 | $35 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $157,950 | $75.9 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $219,910 | $105.7 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $263,250 | $126.6 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $315,900 | $151.9 |
Detailed Psychiatrists Market Analysis
Relocation Context
Nominal Salary
$210,600
Gross Pay
Real Wage (Purchasing Power)
$210,600
Adjusted for COL (100)
In Albany-Schenectady-Troy, NY, the Cost of Living Index is 100. This increases your effective purchasing power from $210,600 to $210,600.
Job Market Context
120
Total Jobs
0.265
Per 1K Jobs
1.65
Location Quotient
Albany-Schenectady-Troy, NY has 1.6x the national concentration of Psychiatrists jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
120 people work as Psychiatrists in Albany-Schenectady-Troy, NY.
Only 0.265 out of every 1,000 local jobs are Psychiatrists roles — this is a niche profession in the area.
Nearby Job Markets
Nearby Cities for Psychiatrists
| City | Salary | Dist. |
|---|---|---|
| Pittsfield, MA Psychiatrists Salary | $246,020↑ 17% | 31 mi |
Comparing salaries near Albany-Schenectady-Troy, NY
Hiring Psychiatristss?
Frequently Asked Questions
How much does a Psychiatrists make in Albany-Schenectady-Troy, NY?
The median annual salary for a Psychiatrists in Albany-Schenectady-Troy, NY is $210,600. This typically ranges from $72,750 for entry-level positions to $315,900 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albany-Schenectady-Troy, NY is 23.3% lower than the national median of $274,560.
Is Albany-Schenectady-Troy, NY a good place for Psychiatristss?
Yes, Albany-Schenectady-Troy, NY is highly recommended due to strong job demand. While salaries are competitive ($210,600), the area is particularly notable for its high job density for Psychiatristss. See distinct detailed breakdown below.
Is Albany-Schenectady-Troy, NY a good place to live for Psychiatrists?
The Cost of Living Index in Albany-Schenectady-Troy, NY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albany-Schenectady-Troy, NY?
Some top paying nearby cities include Pittsfield, MA ($246,020) and others.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 120 employees in the Albany-Schenectady-Troy, NY area with a job density of 0.265 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Psychiatrists • Data source: BLS OEWS 2024 •Jobs in Albany-Schenectady-Troy, NY