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Average Psychiatrists Salary in New Haven, CT

The average salary for a Psychiatrists in New Haven, CT is $266,170. This compensation is in line with national standards, reflecting a balanced and stable local job market.

Executive Summary

  • Average Salary: $266,170 per year.
  • Growth Trend: Salaries have shifted 22.4% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $399,255.
  • Outlook: The current demand for Psychiatristss is stable, with a local workforce of approximately 50 professionals. This role remains a specialized component of the broader New Haven, CT economy.
2024 Market Data

Salary Overview

$266,170

The average Psychiatrists in New Haven, CT earns-3.1%below the national average.

BreakdownBased on 40h/week
Hourly

$128

Weekly

$5,119

Monthly

$22,181

Psychiatrists Salary Distribution in New Haven, CT

The earning potential for Psychiatristss in New Haven, CT varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.7x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $85,610, while highly experienced professionals can command wages upwards of $399,255.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$85,610$41.2
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$199,628$96
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$266,178$128
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$332,713$160
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$399,255$191.9

Detailed Psychiatrists Market Analysis

Relocation Context

Nominal Salary

$266,170

Gross Pay

Real Wage (Purchasing Power)

$266,170

Adjusted for COL (100)

In New Haven, CT, the Cost of Living Index is 100. This increases your effective purchasing power from $266,170 to $266,170.

Job Market Context

50

Total Jobs

0.184

Per 1K Jobs

1.14

Location Quotient

Above Average

With a location quotient of 1.14, New Haven, CT has a slightly higher-than-average concentration of Psychiatrists roles compared to the national norm.

50 people work as Psychiatrists in New Haven, CT.

Only 0.184 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

Comparing salaries near New Haven, CT

Hiring Psychiatristss?

Frequently Asked Questions

How much does a Psychiatrists make in New Haven, CT?

The median annual salary for a Psychiatrists in New Haven, CT is $266,170. This typically ranges from $85,610 for entry-level positions to $399,255 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in New Haven, CT is 3.1% lower than the national median of $274,560.

Is New Haven, CT a good place for Psychiatristss?

It depends on your priorities. While the average Psychiatrists salary in New Haven, CT is $266,170 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of New Haven, CT. See distinct detailed breakdown below.

Is New Haven, CT a good place to live for Psychiatrists?

The Cost of Living Index in New Haven, CT is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near New Haven, CT?

Some top paying nearby cities include Bridgeport-Stamford-Danbury, CT ($346,250) and Hartford-West Hartford-East Hartford, CT.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 50 employees in the New Haven, CT area with a job density of 0.184 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.