Average Psychiatrists Salary in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Psychiatrists in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD metropolitan area earn an average annual salary of $253,460. This figure is slightly below the national average of $274,560, suggesting a localized market dynamic influencing compensation. Factors such as the specific demand within the region, the concentration of healthcare facilities, and the overall economic landscape contribute to this pay scale.
Executive Summary
- Average Salary: $253,460 per year.
- Growth Trend: Salaries have shifted 27.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $380,190.
- Outlook: The local job market for Psychiatrists in Philadelphia-Camden-Wilmington appears moderately robust, with a total workforce of 600 professionals. The Location Quotient of 1.29 indicates a concentration of these roles that is 29% higher than the national average, suggesting a healthy demand and a significant presence of this specialty within the region's healthcare ecosystem.
Salary Overview
The average Psychiatrists in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD earns-7.7%below the national average.
$121.9
$4,874
$21,122
Psychiatrists Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for specialized roles like Psychiatrists have experienced steady growth over the past four years, driven by increasing healthcare needs and demand for mental health services. This upward trend is likely reflected in the Philadelphia-Camden-Wilmington area, mirroring national patterns of salary appreciation in the medical field.
Psychiatrists Salary Distribution in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Salary progression for Psychiatrists is strongly tied to experience. Entry-level positions typically command lower salaries, while seasoned professionals with extensive experience and specialized skills can expect to earn significantly more. The percentile gaps in salary data, from the lower to the upper end, signify the substantial career progression and earning potential available as one advances in their psychiatric career.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $72,770 | $35 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $190,095 | $91.4 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $236,740 | $113.8 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $316,825 | $152.3 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $380,190 | $182.8 |
Detailed Psychiatrists Market Analysis
Relocation Context
Nominal Salary
$253,460
Gross Pay
Real Wage (Purchasing Power)
$253,460
Adjusted for COL (100)
The nominal average annual salary for Psychiatrists in Philadelphia-Camden-Wilmington is $253,460. With a Cost of Living Index of 100, which is precisely the national average, this salary offers purchasing power equivalent to the national median. This means that the take-home pay for a Psychiatrist in this region directly reflects the national standard in terms of affordability.
Job Market Context
600
Total Jobs
0.208
Per 1K Jobs
1.29
Location Quotient
With a location quotient of 1.29, Philadelphia-Camden-Wilmington, PA-NJ-DE-MD has a slightly higher-than-average concentration of Psychiatrists roles compared to the national norm.
A Location Quotient of 1.29 for Psychiatrists in Philadelphia-Camden-Wilmington signifies a higher concentration of these professionals compared to the national average. This suggests that the job market is not only stable but potentially more competitive for new entrants, while also indicating a strong demand for psychiatric services within the region's healthcare infrastructure.
Nearby Job Markets
Nearby Cities for Psychiatrists
| City | Salary | Dist. |
|---|---|---|
| Trenton-Princeton, NJ Psychiatrists Salary | $267,080↑ 5% | 28 mi |
| Reading, PA Psychiatrists Salary | $278,270↑ 10% | 48 mi |
Comparing salaries near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
Hiring Psychiatristss?
Frequently Asked Questions
How much does a Psychiatrists make in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
The median annual salary for a Psychiatrists in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is $253,460. This typically ranges from $72,770 for entry-level positions to $380,190 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 7.7% lower than the national median of $274,560.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a lucrative place for Psychiatrists?
Yes, with caveats.Psychiatrists in this area earn a substantial $253,460 annually, which aligns with the national average cost of living. While slightly below the national salary average, the strong concentration of roles (LQ 1.29) indicates robust local demand.
Is Philadelphia-Camden-Wilmington, PA-NJ-DE-MD a good place to live for Psychiatrists?
The Cost of Living Index in Philadelphia-Camden-Wilmington, PA-NJ-DE-MD is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Philadelphia-Camden-Wilmington, PA-NJ-DE-MD?
Some top paying nearby cities include Trenton-Princeton, NJ ($267,080) and Reading, PA.
How does the local Psychiatrist salary compare to the national average?
The average annual salary for Psychiatrists in Philadelphia-Camden-Wilmington is $253,460, which is approximately $21,100 less than the national average of $274,560.
What is the concentration of Psychiatrists in Philadelphia-Camden-Wilmington?
The Location Quotient for Psychiatrists in this area is 1.29, meaning the concentration of these professionals is 29% higher than the national average, indicating a significant presence in the local job market.
How does the cost of living affect the Psychiatrist salary in Philadelphia?
The Cost of Living Index in Philadelphia-Camden-Wilmington is 100, which is the national average. Therefore, the average salary of $253,460 offers purchasing power equivalent to the national median.
What is the total number of Psychiatrists in the Philadelphia area?
There are approximately 600 Psychiatrists employed within the Philadelphia-Camden-Wilmington metropolitan area, representing a notable segment of the local healthcare workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 600 employees in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area with a job density of 0.208 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 Philadelphia-Camden-Wilmington, PA-NJ-DE-MD