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Average Psychiatrists Salary in Milwaukee-Waukesha, WI

Yes, Milwaukee-Waukesha, WI is a highly lucrative market for Psychiatristss. With an average annual salary of $306,650, professionals here earn significantly more than the national norm. Notably, Milwaukee-Waukesha, WI is a key hub for this profession, with a job concentration 1.27x higher than average.

Executive Summary

  • Average Salary: $306,650 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $459,975.
  • Outlook: The current demand for Psychiatristss is stable, with a local workforce of approximately 170 professionals. This role remains a specialized component of the broader Milwaukee-Waukesha, WI economy.
2024 Market Data

Salary Overview

$306,650

The average Psychiatrists in Milwaukee-Waukesha, WI earns+11.7%above the national average.

BreakdownBased on 40h/week
Hourly

$147.4

Weekly

$5,897

Monthly

$25,554

Psychiatrists Salary Distribution in Milwaukee-Waukesha, WI

The earning potential for Psychiatristss in Milwaukee-Waukesha, WI varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.0x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $154,770, while highly experienced professionals can command wages upwards of $459,975.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$154,770$74.4
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$229,988$110.6
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$306,654$147.4
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$383,313$184.3
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$459,975$221.1

Detailed Psychiatrists Market Analysis

Relocation Context

Nominal Salary

$306,650

Gross Pay

Real Wage (Purchasing Power)

$306,650

Adjusted for COL (100)

In Milwaukee-Waukesha, WI, the Cost of Living Index is 100. This increases your effective purchasing power from $306,650 to $306,650.

Job Market Context

170

Total Jobs

0.204

Per 1K Jobs

1.27

Location Quotient

Above Average

With a location quotient of 1.27, Milwaukee-Waukesha, WI has a slightly higher-than-average concentration of Psychiatrists roles compared to the national norm.

170 people work as Psychiatrists in Milwaukee-Waukesha, WI.

Only 0.204 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 Milwaukee-Waukesha, WI?

The median annual salary for a Psychiatrists in Milwaukee-Waukesha, WI is $306,650. This typically ranges from $154,770 for entry-level positions to $459,975 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Milwaukee-Waukesha, WI is 11.7% higher than the national median of $274,560.

Is Milwaukee-Waukesha, WI a good place for Psychiatristss?

Yes, Milwaukee-Waukesha, WI is an excellent location for Psychiatristss. It offers both higher-than-average salaries ($306,650) and a high concentration of job opportunities. See distinct detailed breakdown below.

Is Milwaukee-Waukesha, WI a good place to live for Psychiatrists?

The Cost of Living Index in Milwaukee-Waukesha, WI 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 170 employees in the Milwaukee-Waukesha, WI area with a job density of 0.204 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 Milwaukee-Waukesha, WI