Average Psychiatrists Salary in Boston-Cambridge-Newton, MA-NH
Psychiatrists in the Boston-Cambridge-Newton, MA-NH metropolitan area earn an average annual salary of $217,400. This figure is notably lower than the national average of $274,560, suggesting that while demand is present, other market factors may influence compensation. The concentration of healthcare institutions and specialized medical facilities in the region likely plays a role in shaping these localized pay scales.
Executive Summary
- Average Salary: $217,400 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $326,100.
- Outlook: The job market for Psychiatrists in Boston-Cambridge-Newton, MA-NH appears robust, with a total local workforce of 900 professionals. The Location Quotient of 2.06 indicates a significantly higher concentration of these roles compared to the national average, suggesting strong local demand and a specialized job market that favors experienced professionals.
Salary Overview
The average Psychiatrists in Boston-Cambridge-Newton, MA-NH earns-20.8%below the national average.
$104.5
$4,181
$18,117
Psychiatrists Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Psychiatrists in the Boston-Cambridge-Newton, MA-NH area have experienced steady growth over the past four years, mirroring national trends. Factors such as increasing demand for mental health services, inflation, and evolving healthcare policies likely contribute to upward pressure on compensation for these vital professionals.
Psychiatrists Salary Distribution in Boston-Cambridge-Newton, MA-NH
Career progression for Psychiatrists in Boston-Cambridge-Newton, MA-NH is typically marked by significant salary increases with experience. Entry-level positions will command lower salaries, while seasoned professionals with specialized skills and extensive experience can expect to earn substantially more, potentially reaching higher percentiles of the salary range. The gap between entry-level and senior roles signifies a clear path for career advancement and increased earning potential.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $70,690 | $34 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $163,050 | $78.4 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $146,810 | $70.6 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $271,750 | $130.6 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $326,100 | $156.8 |
Detailed Psychiatrists Market Analysis
Relocation Context
Nominal Salary
$217,400
Gross Pay
Real Wage (Purchasing Power)
$217,400
Adjusted for COL (100)
The nominal average annual salary of $217,400 for Psychiatrists in Boston-Cambridge-Newton, MA-NH aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Psychiatrist's salary in this metropolitan area is equivalent to that of a Psychiatrist earning the national average salary in a location with average living costs, offering a stable financial standing.
Job Market Context
900
Total Jobs
0.332
Per 1K Jobs
2.06
Location Quotient
Boston-Cambridge-Newton, MA-NH has 2.1x 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.
With a Location Quotient of 2.06, the Boston-Cambridge-Newton, MA-NH area demonstrates a substantial concentration of Psychiatrists relative to the national average. This indicates a highly specialized and potentially competitive market, where employers may seek candidates with specific expertise, and professionals may find a greater number of relevant job opportunities compared to less concentrated regions.
Nearby Job Markets
Nearby Cities for Psychiatrists
| City | Salary | Dist. |
|---|---|---|
| Worcester, MA Psychiatrists Salary | $289,260↑ 33% | 37 mi |
| Providence-Warwick, RI-MA Psychiatrists Salary | $242,430↑ 12% | 38 mi |
Comparing salaries near Boston-Cambridge-Newton, MA-NH
Hiring Psychiatristss?
Frequently Asked Questions
How much does a Psychiatrists make in Boston-Cambridge-Newton, MA-NH?
The median annual salary for a Psychiatrists in Boston-Cambridge-Newton, MA-NH is $217,400. This typically ranges from $70,690 for entry-level positions to $326,100 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Boston-Cambridge-Newton, MA-NH is 20.8% lower than the national median of $274,560.
Is Boston-Cambridge-Newton, MA-NH a lucrative place for Psychiatrists?
Yes, with caveats.While the average salary of $217,400 is below the national average, the high concentration of roles (LQ 2.06) and a cost of living on par with the national average suggest a stable and opportunity-rich environment for Psychiatrists.
Is Boston-Cambridge-Newton, MA-NH a good place to live for Psychiatrists?
The Cost of Living Index in Boston-Cambridge-Newton, MA-NH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Boston-Cambridge-Newton, MA-NH?
Some top paying nearby cities include Worcester, MA ($289,260) and Providence-Warwick, RI-MA.
How does the Boston Psychiatrist salary compare to the national average?
The average annual salary for Psychiatrists in Boston-Cambridge-Newton, MA-NH is $217,400, which is lower than the national average of $274,560.
What is the job market like for Psychiatrists in Boston?
The job market is robust, with a significant concentration of Psychiatrists (LQ 2.06) and a total local workforce of 900, indicating strong local demand.
Does the cost of living affect the Psychiatrist salary in Boston?
No, the cost of living in Boston-Cambridge-Newton, MA-NH is exactly at the national average (100), meaning the $217,400 salary has average purchasing power.
What does the Location Quotient (LQ) of 2.06 mean for Psychiatrists in Boston?
An LQ of 2.06 signifies that Psychiatrists are more than twice as concentrated in the Boston-Cambridge-Newton, MA-NH area compared to the national average, suggesting a specialized and potentially competitive job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 900 employees in the Boston-Cambridge-Newton, MA-NH area with a job density of 0.332 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Psychiatrists Salaries by State
Top Jobs in Boston-Cambridge-Newton, MA-NH
- All Occupations Salary in Boston-Cambridge-Newton, MA-NH
- Office and Administrative Support Occupations Salary in Boston-Cambridge-Newton, MA-NH
- Management Occupations Salary in Boston-Cambridge-Newton, MA-NH
- Business and Financial Operations Occupations Salary in Boston-Cambridge-Newton, MA-NH
- Sales and Related Occupations Salary in Boston-Cambridge-Newton, MA-NH
- Food Preparation and Serving Related Occupations Salary in Boston-Cambridge-Newton, MA-NH
- Healthcare Practitioners and Technical Occupations Salary in Boston-Cambridge-Newton, MA-NH
- Educational Instruction and Library Occupations Salary in Boston-Cambridge-Newton, MA-NH
- Transportation and Material Moving Occupations Salary in Boston-Cambridge-Newton, MA-NH
- Computer and Mathematical Occupations Salary in Boston-Cambridge-Newton, MA-NH
- Browse All Jobs in Boston-Cambridge-Newton, MA-NH →
Semantic Salary Analysis for Psychiatrists • Data source: BLS OEWS 2024 •Jobs in Boston-Cambridge-Newton, MA-NH