Average Psychiatrists Salary in Madison, WI
The average salary for a Psychiatrists in Madison, WI is $255,300. This compensation is in line with national standards, reflecting a balanced and stable local job market. Notably, Madison, WI is a key hub for this profession, with a job concentration 2.14x higher than average.
Executive Summary
- Average Salary: $255,300 per year.
- Growth Trend: Salaries have shifted 22.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $382,950.
- Outlook: The current demand for Psychiatristss is stable, with a local workforce of approximately 140 professionals. This role remains a specialized component of the broader Madison, WI economy.
Salary Overview
The average Psychiatrists in Madison, WI earns-7.0%below the national average.
$122.7
$4,910
$21,275
Psychiatrists Salary Trends (2020-2024)
Over the past 4 years, Psychiatrists salaries in Madison, WI have experienced a rapid surge, growing by 22.0%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Psychiatrists Salary Distribution in Madison, WI
The earning potential for Psychiatristss in Madison, WI varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.5x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $108,400, while highly experienced professionals can command wages upwards of $382,950.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $108,400 | $52.1 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $191,475 | $92.1 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $255,299 | $122.7 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $319,125 | $153.4 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $382,950 | $184.1 |
Detailed Psychiatrists Market Analysis
Relocation Context
Nominal Salary
$255,300
Gross Pay
Real Wage (Purchasing Power)
$255,300
Adjusted for COL (100)
In Madison, WI, the Cost of Living Index is 100. This increases your effective purchasing power from $255,300 to $255,300.
Job Market Context
140
Total Jobs
0.345
Per 1K Jobs
2.14
Location Quotient
Madison, WI 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.
140 people work as Psychiatrists in Madison, WI.
Only 0.345 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. |
|---|---|---|
| Milwaukee-Waukesha, WI Psychiatrists Salary | $306,650↑ 20% | 72 mi |
Comparing salaries near Madison, WI
Hiring Psychiatristss?
Frequently Asked Questions
How much does a Psychiatrists make in Madison, WI?
The median annual salary for a Psychiatrists in Madison, WI is $255,300. This typically ranges from $108,400 for entry-level positions to $382,950 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Madison, WI is 7.0% lower than the national median of $274,560.
Is Madison, WI a good place for Psychiatristss?
Yes, Madison, WI is highly recommended due to strong job demand. While salaries are competitive ($255,300), the area is particularly notable for its high job density for Psychiatristss. See distinct detailed breakdown below.
Is Madison, WI a good place to live for Psychiatrists?
The Cost of Living Index in Madison, WI is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Madison, WI?
Some top paying nearby cities include Milwaukee-Waukesha, WI ($306,650) 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 140 employees in the Madison, WI area with a job density of 0.345 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 Madison, WI