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Average Psychiatrists Salary in Missouri

Psychiatrists in Missouri earn an impressive average annual salary of $277,690, slightly surpassing the national average of $274,560. This competitive compensation reflects the specialized skills and demand for mental health professionals within the state, potentially influenced by factors such as healthcare infrastructure and patient needs.

Executive Summary

  • Average Salary: $277,690 per year.
  • Growth Trend: Salaries have shifted 7.5% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $416,535.
  • Outlook: With a local workforce of 350 Psychiatrists and a Location Quotient of 0.74, Missouri's job market for this profession indicates a stable, albeit slightly less concentrated, presence compared to national benchmarks. The number of jobs per 1,000 workers at 0.118 suggests a consistent demand for these specialized medical professionals.
2024 Market Data

Salary Overview

$277,690

The average Psychiatrists in Missouri earns+1.1%above the national average.

BreakdownBased on 40h/week
Hourly

$133.5

Weekly

$5,340

Monthly

$23,141

Psychiatrists Salary Distribution in Missouri

Salary progression for Psychiatrists in Missouri typically scales significantly with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive experience and specialized certifications can command salaries in the upper percentiles, reflecting a clear career growth trajectory within the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$211,970$101.9
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$208,268$100.1
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$277,701$133.5
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$347,113$166.9
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$416,535$200.3

Detailed Psychiatrists Market Analysis

Relocation Context

Nominal Salary

$277,690

Gross Pay

Real Wage (Purchasing Power)

$314,129

Adjusted for COL (88.4)

The average annual salary of $277,690 in Missouri offers considerable purchasing power, especially when contrasted with the state's Cost of Living Index of 88.4, which is below the national average of 100. This suggests that the nominal salary translates into a higher real income, allowing for a comfortable lifestyle.

Job Market Context

350

Total Jobs

0.118

Per 1K Jobs

0.74

Location Quotient

Below Average

Missouri has 0.74x 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.

A Location Quotient of 0.74 indicates that Psychiatrists are present in Missouri at a rate slightly below the national average concentration. This suggests that while the profession is established, the market may not be oversaturated, potentially offering good opportunities for qualified professionals seeking employment.

Nearby Job Markets

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Frequently Asked Questions

How much does a Psychiatrists make in Missouri?

The median annual salary for a Psychiatrists in Missouri is $277,690. This typically ranges from $211,970 for entry-level positions to $416,535 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Missouri is 1.1% higher than the national median of $274,560.

Is Missouri a lucrative place for Psychiatrists?

Yes, Missouri offers a lucrative environment for Psychiatrists.The average salary of $277,690 exceeds the national average, and the lower cost of living further enhances the financial attractiveness of practicing in the state.

Is Missouri a good place to live for Psychiatrists?

With a Cost of Living Index of 88.4 (lower than the national average of 100), your salary goes further here.

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

Psychiatrists in Missouri earn an average of $277,690 annually, which is slightly higher than the national average of $274,560.

What is the concentration of Psychiatrists in Missouri?

The Location Quotient for Psychiatrists in Missouri is 0.74, indicating a concentration slightly below the national average.

How does the cost of living in Missouri affect Psychiatrist earnings?

With a Cost of Living Index of 88.4, Missouri's lower cost of living means that the average salary of $277,690 provides greater purchasing power than it would in a higher cost-of-living area.

What is the total number of Psychiatrists employed in Missouri?

There are approximately 350 Psychiatrists employed within the state of Missouri.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 350 employees in the Missouri area with a job density of 0.118 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 Missouri