SalaryNode

Average Psychiatrists Salary in South Dakota

Yes, South Dakota is a highly lucrative market for Psychiatristss. With an average annual salary of $302,390, professionals here earn significantly more than the national norm.

Executive Summary

  • Average Salary: $302,390 per year.
  • Growth Trend: Salaries have shifted 52.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $453,585.
  • Outlook: The current demand for Psychiatristss is stable, with a local workforce of approximately 50 professionals. This role remains a specialized component of the broader South Dakota economy.
2024 Market Data

Salary Overview

$302,390

The average Psychiatrists in South Dakota earns+10.1%above the national average.

BreakdownBased on 40h/week
Hourly

$145.4

Weekly

$5,815

Monthly

$25,199

Psychiatrists Salary Distribution in South Dakota

The earning potential for Psychiatristss in South Dakota 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 $216,740, while highly experienced professionals can command wages upwards of $453,585.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$216,740$104.2
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$226,793$109
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$302,390$145.4
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$377,988$181.7
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$453,585$218.1

Detailed Psychiatrists Market Analysis

Relocation Context

Nominal Salary

$302,390

Gross Pay

Real Wage (Purchasing Power)

$329,401

Adjusted for COL (91.8)

This is a financial "Hidden Gem". Although the nominal salary is $302,390, the lower cost of living in South Dakota (8.2% below national average) boosts your purchasing power to an equivalent of $329,401. This allows for significant savings.

Job Market Context

50

Total Jobs

0.108

Per 1K Jobs

0.67

Location Quotient

Below Average

South Dakota has 0.67x 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.

50 people work as Psychiatrists in South Dakota.

Only 0.108 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 South Dakota?

The median annual salary for a Psychiatrists in South Dakota is $302,390. This typically ranges from $216,740 for entry-level positions to $453,585 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in South Dakota is 10.1% higher than the national median of $274,560.

Is South Dakota a good place for Psychiatristss?

Yes, South Dakota is financially attractive for Psychiatristss. The average salary of $302,390 exceeds the national average. See distinct detailed breakdown below.

Is South Dakota a good place to live for Psychiatrists?

With a Cost of Living Index of 91.8 (lower than the national average of 100), your salary goes further here.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 50 employees in the South Dakota area with a job density of 0.108 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 South Dakota