Average Psychiatrists Salary in Providence-Warwick, RI-MA
Psychiatrists in the Providence-Warwick, RI-MA area earn an average annual salary of $242,430. This figure is notably below the national average of $274,560, suggesting that while the demand for specialized mental health professionals is present, local market dynamics and potentially other factors influence compensation levels compared to the broader U.S. landscape.
Executive Summary
- Average Salary: $242,430 per year.
- Growth Trend: Salaries have shifted 6.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $363,645.
- Outlook: With a local workforce of 310 Psychiatrists, the Providence-Warwick area demonstrates a significant concentration of these professionals, as indicated by a Location Quotient of 2.76. This elevated quotient suggests a robust local demand or a specialized regional focus on psychiatric services, implying a stable job market for qualified individuals in this field.
Salary Overview
The average Psychiatrists in Providence-Warwick, RI-MA earns-11.7%below the national average.
$116.6
$4,662
$20,203
Psychiatrists Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Psychiatrists in Providence-Warwick have experienced a steady upward trend over the past four years, mirroring national patterns of increasing healthcare compensation. This growth is typically driven by rising demand for mental health services, evolving treatment modalities, and the ongoing need for specialized medical expertise.
Psychiatrists Salary Distribution in Providence-Warwick, RI-MA
The career trajectory for Psychiatrists in Providence-Warwick, like elsewhere, typically involves significant salary progression with experience. Entry-level positions will naturally command lower salaries, while seasoned professionals with extensive experience and specialized skills can expect to earn substantially more, potentially reaching higher percentiles of the salary distribution, reflecting their accumulated expertise and value.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $140,230 | $67.4 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $181,823 | $87.4 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $242,424 | $116.6 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $303,038 | $145.7 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $363,645 | $174.8 |
Detailed Psychiatrists Market Analysis
Relocation Context
Nominal Salary
$242,430
Gross Pay
Real Wage (Purchasing Power)
$242,430
Adjusted for COL (100)
The average annual salary of $242,430 in Providence-Warwick aligns precisely with the national average cost of living, as indicated by an index of 100. This means that the purchasing power of a Psychiatrist's salary in this region is equivalent to the national average, offering a balanced financial environment where earnings are neither significantly amplified nor diminished by local living expenses.
Job Market Context
310
Total Jobs
0.444
Per 1K Jobs
2.76
Location Quotient
Providence-Warwick, RI-MA has 2.8x 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.
The Location Quotient of 2.76 for Psychiatrists in Providence-Warwick signifies a substantial concentration of these professionals relative to the national average. This indicates that the region has a higher proportion of Psychiatrists than expected, suggesting a strong local market for these services, potentially driven by specialized healthcare facilities or a higher prevalence of mental health needs.
Nearby Job Markets
Nearby Cities for Psychiatrists
| City | Salary | Dist. |
|---|---|---|
| Worcester, MA Psychiatrists Salary | $289,260↑ 19% | 37 mi |
| Boston-Cambridge-Newton, MA-NH Psychiatrists Salary | $217,400↓ 10% | 38 mi |
Comparing salaries near Providence-Warwick, RI-MA
Hiring Psychiatristss?
Frequently Asked Questions
How much does a Psychiatrists make in Providence-Warwick, RI-MA?
The median annual salary for a Psychiatrists in Providence-Warwick, RI-MA is $242,430. This typically ranges from $140,230 for entry-level positions to $363,645 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Providence-Warwick, RI-MA is 11.7% lower than the national median of $274,560.
Is Providence-Warwick, RI-MA a lucrative place for Psychiatrists?
Yes, with a balanced cost of living.While the average salary of $242,430 is below the national average, the local cost of living is also at the national average, making the nominal salary's purchasing power comparable. The high concentration of Psychiatrists (LQ 2.76) also suggests strong local demand.
Is Providence-Warwick, RI-MA a good place to live for Psychiatrists?
The Cost of Living Index in Providence-Warwick, RI-MA is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Providence-Warwick, RI-MA?
Some top paying nearby cities include Worcester, MA ($289,260) and Boston-Cambridge-Newton, MA-NH.
How does the Providence-Warwick Psychiatrist salary compare to the national average?
The average annual salary for Psychiatrists in Providence-Warwick is $242,430, which is lower than the national average of $274,560.
What is the job market like for Psychiatrists in Providence-Warwick?
The job market appears robust, with a significant concentration of Psychiatrists (Location Quotient of 2.76), indicating a strong local demand for these services.
Does the cost of living affect the value of a Psychiatrist's salary in Providence-Warwick?
No, the cost of living in Providence-Warwick is at the national average (index 100), meaning the $242,430 salary offers purchasing power equivalent to the national average.
How many Psychiatrists are employed in the Providence-Warwick area?
There are approximately 310 Psychiatrists employed within the Providence-Warwick, RI-MA metropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 310 employees in the Providence-Warwick, RI-MA area with a job density of 0.444 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 Providence-Warwick, RI-MA