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Average Psychiatrists Salary in Rochester, MN

The average salary for Psychiatristss in Rochester, MN is $223,040. While this is lower than the national average, the cost of living in Rochester, MN may offset the difference, preserving real purchasing power. Notably, Rochester, MN is a key hub for this profession, with a job concentration 6.22x higher than average.

Executive Summary

  • Average Salary: $223,040 per year.
  • Growth Trend: Salaries have shifted 20.2% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $334,560.
  • Outlook: The current demand for Psychiatristss is stable, with a local workforce of approximately 120 professionals. This role remains a specialized component of the broader Rochester, MN economy.
2024 Market Data

Salary Overview

$223,040

The average Psychiatrists in Rochester, MN earns-18.8%below the national average.

BreakdownBased on 40h/week
Hourly

$107.2

Weekly

$4,289

Monthly

$18,587

Psychiatrists Salary Distribution in Rochester, MN

The earning potential for Psychiatristss in Rochester, MN varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.4x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $75,390, while highly experienced professionals can command wages upwards of $334,560.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$75,390$36.2
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$167,280$80.4
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$223,038$107.2
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$278,800$134
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$334,560$160.8

Detailed Psychiatrists Market Analysis

Relocation Context

Nominal Salary

$223,040

Gross Pay

Real Wage (Purchasing Power)

$223,040

Adjusted for COL (100)

In Rochester, MN, the Cost of Living Index is 100. This increases your effective purchasing power from $223,040 to $223,040.

Job Market Context

120

Total Jobs

1

Per 1K Jobs

6.22

Location Quotient

Major Hub

Rochester, MN has 6.2x 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.

120 people work as Psychiatrists in Rochester, MN.

1 out of every 1,000 local jobs are Psychiatrists positions — a typical concentration.

Nearby Job Markets

Hiring Psychiatristss?

Frequently Asked Questions

How much does a Psychiatrists make in Rochester, MN?

The median annual salary for a Psychiatrists in Rochester, MN is $223,040. This typically ranges from $75,390 for entry-level positions to $334,560 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Rochester, MN is 18.8% lower than the national median of $274,560.

Is Rochester, MN a good place for Psychiatristss?

Yes, Rochester, MN is highly recommended due to strong job demand. While salaries are competitive ($223,040), the area is particularly notable for its high job density for Psychiatristss. See distinct detailed breakdown below.

Is Rochester, MN a good place to live for Psychiatrists?

The Cost of Living Index in Rochester, MN 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 120 employees in the Rochester, MN area with a job density of 1 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 Rochester, MN