Average Psychiatrists Salary in Lexington-Fayette, KY
The average salary for a Psychiatrists in Lexington-Fayette, KY is $249,800. This compensation is in line with national standards, reflecting a balanced and stable local job market.
Executive Summary
- Average Salary: $249,800 per year.
- Growth Trend: Salaries have shifted 14.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $374,700.
- Outlook: The current demand for Psychiatristss is stable, with a local workforce of approximately 50 professionals. This role remains a specialized component of the broader Lexington-Fayette, KY economy.
Salary Overview
The average Psychiatrists in Lexington-Fayette, KY earns-9.0%below the national average.
$120.1
$4,804
$20,817
Psychiatrists Salary Trends (2020-2024)
Over the past 1 years, Psychiatrists salaries in Lexington-Fayette, KY have shown healthy growth of 14.4%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Psychiatrists Salary Distribution in Lexington-Fayette, KY
The earning potential for Psychiatristss in Lexington-Fayette, KY varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.2x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $116,920, while highly experienced professionals can command wages upwards of $374,700.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $116,920 | $56.2 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $187,350 | $90.1 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $235,770 | $113.4 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $312,250 | $150.1 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $374,700 | $180.1 |
Detailed Psychiatrists Market Analysis
Relocation Context
Nominal Salary
$249,800
Gross Pay
Real Wage (Purchasing Power)
$249,800
Adjusted for COL (100)
In Lexington-Fayette, KY, the Cost of Living Index is 100. This increases your effective purchasing power from $249,800 to $249,800.
Job Market Context
50
Total Jobs
0.159
Per 1K Jobs
0.99
Location Quotient
Lexington-Fayette, KY has 0.99x the national average concentration of Psychiatrists jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
50 people work as Psychiatrists in Lexington-Fayette, KY.
Only 0.159 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. |
|---|---|---|
| Louisville/Jefferson County, KY-IN Psychiatrists Salary | $231,420↓ 7% | 72 mi |
Comparing salaries near Lexington-Fayette, KY
Hiring Psychiatristss?
Frequently Asked Questions
How much does a Psychiatrists make in Lexington-Fayette, KY?
The median annual salary for a Psychiatrists in Lexington-Fayette, KY is $249,800. This typically ranges from $116,920 for entry-level positions to $374,700 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Lexington-Fayette, KY is 9.0% lower than the national median of $274,560.
Is Lexington-Fayette, KY a good place for Psychiatristss?
It depends on your priorities. While the average Psychiatrists salary in Lexington-Fayette, KY is $249,800 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Lexington-Fayette, KY. See distinct detailed breakdown below.
Is Lexington-Fayette, KY a good place to live for Psychiatrists?
The Cost of Living Index in Lexington-Fayette, KY is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Lexington-Fayette, KY?
Some top paying nearby cities include Louisville/Jefferson County, KY-IN ($231,420) 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 50 employees in the Lexington-Fayette, KY area with a job density of 0.159 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 Lexington-Fayette, KY