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Average Psychiatrists Salary in Massachusetts

Psychiatrists in Massachusetts earn an impressive average annual salary of $239,350. While this figure is below the national average of $274,560, it reflects the state's unique economic landscape and demand for specialized medical professionals. Factors such as a high cost of living and a concentrated healthcare sector contribute to the compensation structure for these vital roles.

Executive Summary

  • Average Salary: $239,350 per year.
  • Growth Trend: Salaries have shifted 13.0% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $359,025.
  • Outlook: With a local workforce of 1,210 Psychiatrists, Massachusetts demonstrates a significant concentration of these professionals, indicated by a Location Quotient of 2.07. This suggests a robust demand and a well-established market for psychiatric services within the state, positioning it as a key hub for this specialty.
2024 Market Data

Salary Overview

$239,350

The average Psychiatrists in Massachusetts earns-12.8%below the national average.

BreakdownBased on 40h/week
Hourly

$115.1

Weekly

$4,603

Monthly

$19,946

Psychiatrists Salary Distribution in Massachusetts

The salary progression for Psychiatrists in Massachusetts typically scales significantly with experience. Entry-level positions may start at a lower percentile, but as professionals gain years of practice, specialization, and potentially leadership roles, their earning potential can rise substantially, with senior practitioners commanding salaries well into the higher percentiles.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$77,500$37.3
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$179,513$86.3
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$221,160$106.3
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$299,188$143.8
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$359,025$172.6

Detailed Psychiatrists Market Analysis

Relocation Context

Nominal Salary

$239,350

Gross Pay

Real Wage (Purchasing Power)

$161,287

Adjusted for COL (148.4)

The average annual salary of $239,350 in Massachusetts must be considered alongside its Cost of Living Index of 148.4, which is significantly higher than the national average. This means that while the nominal salary is substantial, the purchasing power may be somewhat diminished due to the elevated expenses associated with living in the state.

Job Market Context

1,210

Total Jobs

0.333

Per 1K Jobs

2.07

Location Quotient

Major Hub

Massachusetts 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.

A Location Quotient of 2.07 for Psychiatrists in Massachusetts indicates that this profession is more than twice as concentrated in the state compared to the national average. This suggests a highly competitive yet potentially abundant job market, where employers may actively seek out qualified candidates, and professionals have numerous opportunities within a specialized ecosystem.

Nearby Job Markets

Nearby Cities for Psychiatrists

CitySalaryDist.
Worcester, MA Psychiatrists Salary$289,260↑ 21%14 mi
Boston-Cambridge-Newton, MA-NH Psychiatrists Salary$217,400↓ 9%24 mi
Providence-Warwick, RI-MA Psychiatrists Salary$242,430↑ 1%29 mi
Springfield, MA Psychiatrists Salary$282,040↑ 18%52 mi

Comparing salaries near Massachusetts

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Frequently Asked Questions

How much does a Psychiatrists make in Massachusetts?

The median annual salary for a Psychiatrists in Massachusetts is $239,350. This typically ranges from $77,500 for entry-level positions to $359,025 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Massachusetts is 12.8% lower than the national median of $274,560.

Is Massachusetts a lucrative place for Psychiatrists?

Yes, with caveats.Psychiatrists in Massachusetts earn a high average salary of $239,350, significantly above the national average for many professions. However, this must be balanced against the state's elevated cost of living.

Is Massachusetts a good place to live for Psychiatrists?

The Cost of Living Index in Massachusetts is 148.4. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Massachusetts?

Some top paying nearby cities include Worcester, MA ($289,260) and Boston-Cambridge-Newton, MA-NH.

How does the Massachusetts Psychiatrist salary compare to the national average?

The average annual salary for Psychiatrists in Massachusetts is $239,350, which is lower than the national average of $274,560.

What is the concentration of Psychiatrists in Massachusetts?

Massachusetts has a high concentration of Psychiatrists, with a Location Quotient of 2.07, meaning the profession is more than twice as common there compared to the national average.

How does the cost of living affect Psychiatrist salaries in Massachusetts?

The Cost of Living Index in Massachusetts is 148.4, significantly above the national average, meaning the $239,350 salary may offer less purchasing power than it would in a lower-cost area.

What does the total local workforce number imply for Psychiatrists in Massachusetts?

A local workforce of 1,210 Psychiatrists indicates a substantial and established presence of this profession within the state, suggesting a mature market with ongoing demand.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,210 employees in the Massachusetts area with a job density of 0.333 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Psychiatrists • Data source: BLS OEWS 2024 •Jobs in Massachusetts