Average Psychiatrists Salary in Louisville/Jefferson County, KY-IN
The average salary for Psychiatristss in Louisville/Jefferson County, KY-IN is $231,420. While this is lower than the national average, the cost of living in Louisville/Jefferson County, KY-IN may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $231,420 per year.
- Growth Trend: Salaries have shifted 11.7% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $347,130.
- Outlook: The current demand for Psychiatristss is stable, with a local workforce of approximately 70 professionals. This role remains a specialized component of the broader Louisville/Jefferson County, KY-IN economy.
Salary Overview
The average Psychiatrists in Louisville/Jefferson County, KY-IN earns-15.7%below the national average.
$111.3
$4,450
$19,285
Psychiatrists Salary Trends (2020-2024)
Over the past 4 years, Psychiatrists salaries in Louisville/Jefferson County, KY-IN have seen a slight adjustment of -11.7%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Psychiatrists Salary Distribution in Louisville/Jefferson County, KY-IN
The earning potential for Psychiatristss in Louisville/Jefferson County, KY-IN varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 2.8x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $123,950, while highly experienced professionals can command wages upwards of $347,130.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $123,950 | $59.6 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $173,565 | $83.4 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $229,440 | $110.3 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $289,275 | $139.1 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $347,130 | $166.9 |
Detailed Psychiatrists Market Analysis
Relocation Context
Nominal Salary
$231,420
Gross Pay
Real Wage (Purchasing Power)
$231,420
Adjusted for COL (100)
In Louisville/Jefferson County, KY-IN, the Cost of Living Index is 100. This increases your effective purchasing power from $231,420 to $231,420.
Job Market Context
70
Total Jobs
0.105
Per 1K Jobs
0.65
Location Quotient
Louisville/Jefferson County, KY-IN has 0.65x 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.
70 people work as Psychiatrists in Louisville/Jefferson County, KY-IN.
Only 0.105 out of every 1,000 local jobs are Psychiatrists roles — this is a niche profession in the area.
Nearby Job Markets
Hiring Psychiatristss?
Frequently Asked Questions
How much does a Psychiatrists make in Louisville/Jefferson County, KY-IN?
The median annual salary for a Psychiatrists in Louisville/Jefferson County, KY-IN is $231,420. This typically ranges from $123,950 for entry-level positions to $347,130 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Louisville/Jefferson County, KY-IN is 15.7% lower than the national median of $274,560.
Is Louisville/Jefferson County, KY-IN a good place for Psychiatristss?
It depends on your priorities. While the average Psychiatrists salary in Louisville/Jefferson County, KY-IN is $231,420 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Louisville/Jefferson County, KY-IN. See distinct detailed breakdown below.
Is Louisville/Jefferson County, KY-IN a good place to live for Psychiatrists?
The Cost of Living Index in Louisville/Jefferson County, KY-IN is 100. While higher than average, this often correlates with higher wages.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 70 employees in the Louisville/Jefferson County, KY-IN area with a job density of 0.105 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 Louisville/Jefferson County, KY-IN