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Average Psychiatrists Salary in Salt Lake City-Murray, UT

Yes, Salt Lake City-Murray, UT is a highly lucrative market for Psychiatristss. With an average annual salary of $324,550, professionals here earn significantly more than the national norm.

Executive Summary

  • Average Salary: $324,550 per year.
  • Growth Trend: Salaries have shifted 0.0% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $486,825.
  • 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 Salt Lake City-Murray, UT economy.
2024 Market Data

Salary Overview

$324,550

The average Psychiatrists in Salt Lake City-Murray, UT earns+18.2%above the national average.

BreakdownBased on 40h/week
Hourly

$156

Weekly

$6,241

Monthly

$27,046

Psychiatrists Salary Distribution in Salt Lake City-Murray, UT

The earning potential for Psychiatristss in Salt Lake City-Murray, UT varies significantly by experience level. The salary gap is relatively narrow, suggesting consistent and predictable earnings from entry-level to senior positions. Entry-level roles (10th percentile) typically start around $230,010, while highly experienced professionals can command wages upwards of $486,825.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$230,010$110.6
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$243,413$117
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$324,563$156
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$405,688$195
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$486,825$234.1

Detailed Psychiatrists Market Analysis

Relocation Context

Nominal Salary

$324,550

Gross Pay

Real Wage (Purchasing Power)

$324,550

Adjusted for COL (100)

In Salt Lake City-Murray, UT, the Cost of Living Index is 100. This increases your effective purchasing power from $324,550 to $324,550.

Job Market Context

60

Total Jobs

0.068

Per 1K Jobs

0.42

Location Quotient

Low Concentration

At 0.42x, Salt Lake City-Murray, UT has a notably lower concentration of Psychiatrists jobs than the national average. Opportunities in this area are relatively scarce for this profession.

60 people work as Psychiatrists in Salt Lake City-Murray, UT.

Only 0.068 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

CitySalaryDist.
Provo-Orem-Lehi, UT Psychiatrists Salary$277,590 14%40 mi

Comparing salaries near Salt Lake City-Murray, UT

Hiring Psychiatristss?

Frequently Asked Questions

How much does a Psychiatrists make in Salt Lake City-Murray, UT?

The median annual salary for a Psychiatrists in Salt Lake City-Murray, UT is $324,550. This typically ranges from $230,010 for entry-level positions to $486,825 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Salt Lake City-Murray, UT is 18.2% higher than the national median of $274,560.

Is Salt Lake City-Murray, UT a good place for Psychiatristss?

Yes, Salt Lake City-Murray, UT is financially attractive for Psychiatristss. The average salary of $324,550 exceeds the national average. See distinct detailed breakdown below.

Is Salt Lake City-Murray, UT a good place to live for Psychiatrists?

The Cost of Living Index in Salt Lake City-Murray, UT is 100. While higher than average, this often correlates with higher wages.

Where are the highest paying cities near Salt Lake City-Murray, UT?

Some top paying nearby cities include Provo-Orem-Lehi, UT ($277,590) and others.

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 Salt Lake City-Murray, UT area with a job density of 0.068 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.