SalaryNode

Average Psychiatrists Salary in Richmond, VA

The average salary for a Psychiatrists in Richmond, VA is $266,800. This compensation is in line with national standards, reflecting a balanced and stable local job market.

Executive Summary

  • Average Salary: $266,800 per year.
  • Growth Trend: Salaries have shifted 13.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $400,200.
  • Outlook: The current demand for Psychiatristss is stable, with a local workforce of approximately 60 professionals. This role remains a specialized component of the broader Richmond, VA economy.
2024 Market Data

Salary Overview

$266,800

The average Psychiatrists in Richmond, VA earns-2.8%below the national average.

BreakdownBased on 40h/week
Hourly

$128.3

Weekly

$5,131

Monthly

$22,233

Psychiatrists Salary Distribution in Richmond, VA

The earning potential for Psychiatristss in Richmond, VA varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.1x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $129,010, while highly experienced professionals can command wages upwards of $400,200.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$129,010$62
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$200,100$96.2
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$266,802$128.3
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$333,500$160.3
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$400,200$192.4

Detailed Psychiatrists Market Analysis

Relocation Context

Nominal Salary

$266,800

Gross Pay

Real Wage (Purchasing Power)

$266,800

Adjusted for COL (100)

In Richmond, VA, the Cost of Living Index is 100. This increases your effective purchasing power from $266,800 to $266,800.

Job Market Context

60

Total Jobs

0.097

Per 1K Jobs

0.6

Location Quotient

Below Average

Richmond, VA has 0.60x 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.

60 people work as Psychiatrists in Richmond, VA.

Only 0.097 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 Richmond, VA?

The median annual salary for a Psychiatrists in Richmond, VA is $266,800. This typically ranges from $129,010 for entry-level positions to $400,200 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Richmond, VA is 2.8% lower than the national median of $274,560.

Is Richmond, VA a good place for Psychiatristss?

It depends on your priorities. While the average Psychiatrists salary in Richmond, VA is $266,800 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Richmond, VA. See distinct detailed breakdown below.

Is Richmond, VA a good place to live for Psychiatrists?

The Cost of Living Index in Richmond, VA 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 60 employees in the Richmond, VA area with a job density of 0.097 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 Richmond, VA