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Average Psychiatrists Salary in Texas

Psychiatrists in Texas earn an average annual salary of $226,020, which is below the national average of $274,560. This disparity can be attributed to a combination of factors, including the state's overall economic landscape and the specific demand dynamics within its healthcare sector. While the nominal salary is lower, the cost of living in Texas offers a unique financial perspective.

Executive Summary

  • Average Salary: $226,020 per year.
  • Growth Trend: Salaries have shifted 15.3% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $339,030.
  • Outlook: With a local workforce of 1,030 Psychiatrists and a Location Quotient of 0.46, the job market in Texas indicates a lower concentration of these specialists compared to the national average. This suggests that while there is a stable presence, the demand might not be as intensely concentrated as in other regions, potentially influencing hiring dynamics and compensation structures.
2024 Market Data

Salary Overview

$226,020

The average Psychiatrists in Texas earns-17.7%below the national average.

BreakdownBased on 40h/week
Hourly

$108.7

Weekly

$4,347

Monthly

$18,835

Psychiatrists Salary Distribution in Texas

The career trajectory for Psychiatrists in Texas shows significant salary progression with experience. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command salaries well into the upper percentiles. The substantial gap between entry-level and senior roles underscores the value placed on expertise and years of dedicated practice in the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$67,910$32.6
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$169,515$81.5
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$226,013$108.7
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$282,525$135.8
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$339,030$163

Detailed Psychiatrists Market Analysis

Relocation Context

Nominal Salary

$226,020

Gross Pay

Real Wage (Purchasing Power)

$243,032

Adjusted for COL (93)

The average annual salary of $226,020 for Psychiatrists in Texas is particularly noteworthy when considering the state's Cost of Living Index of 93. This index is below the national average of 100, meaning that the purchasing power of a Texas-based salary is relatively stronger than in higher-cost regions, potentially offsetting the lower nominal wage compared to the national average.

Job Market Context

1,030

Total Jobs

0.074

Per 1K Jobs

0.46

Location Quotient

Low Concentration

At 0.46x, Texas has a notably lower concentration of Psychiatrists jobs than the national average. Opportunities in this area are relatively scarce for this profession.

A Location Quotient of 0.46 for Psychiatrists in Texas signifies that the profession is less concentrated in the state than the national average. This suggests a potentially less saturated market, which could present opportunities for new entrants or those looking to relocate, although it also implies that the overall supply of these specialists might be lower relative to the general workforce.

Nearby Job Markets

Nearby Cities for Psychiatrists

CitySalaryDist.
Austin-Round Rock-San Marcos, TX Psychiatrists Salary$247,920↑ 10%53 mi

Comparing salaries near Texas

Hiring Psychiatristss?

Frequently Asked Questions

How much does a Psychiatrists make in Texas?

The median annual salary for a Psychiatrists in Texas is $226,020. This typically ranges from $67,910 for entry-level positions to $339,030 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Texas is 17.7% lower than the national median of $274,560.

Is Texas a lucrative place for Psychiatrists?

Yes, with caveats.While the average salary of $226,020 is below the national average, Texas's lower cost of living (93 index) enhances the purchasing power of this income. The lower concentration (LQ 0.46) may also present unique career opportunities.

Is Texas a good place to live for Psychiatrists?

With a Cost of Living Index of 93 (lower than the national average of 100), your salary goes further here.

Where are the highest paying cities near Texas?

Some top paying nearby cities include Austin-Round Rock-San Marcos, TX ($247,920) and others.

How does the Texas salary compare to the national average?

The average annual salary for Psychiatrists in Texas is $226,020, which is approximately $48,540 less than the national average of $274,560.

What is the concentration of Psychiatrists in Texas?

Texas has a Location Quotient of 0.46 for Psychiatrists, indicating that the profession is less concentrated in the state compared to the national average.

How does the cost of living in Texas affect a Psychiatrist's salary?

With a Cost of Living Index of 93, Texas is more affordable than the national average (100). This means that the $226,020 salary in Texas offers greater purchasing power than it might in a higher-cost state.

What does the number of jobs per 1,000 workers indicate for Psychiatrists in Texas?

With 0.074 jobs per 1,000 workers, the availability of Psychiatrist positions in Texas is relatively low compared to the national average, suggesting a potentially less competitive but also less abundant job market.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,030 employees in the Texas area with a job density of 0.074 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 Texas