Average Psychiatrists Salary in Toledo, OH
The average salary for Psychiatristss in Toledo, OH is $243,360. While this is lower than the national average, the cost of living in Toledo, OH may offset the difference, preserving real purchasing power.
Executive Summary
- Average Salary: $243,360 per year.
- Growth Trend: Salaries have shifted 4.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $365,040.
- Outlook: The current demand for Psychiatristss is stable, with a local workforce of approximately 40 professionals. This role remains a specialized component of the broader Toledo, OH economy.
Salary Overview
The average Psychiatrists in Toledo, OH earns-11.4%below the national average.
$117
$4,680
$20,280
Psychiatrists Salary Trends (2020-2024)
Over the past 4 years, Psychiatrists salaries in Toledo, OH have remained stable with a modest increase of 4.0%. This positive trajectory often correlates with increased demand and a favorable future outlook for the profession.
Psychiatrists Salary Distribution in Toledo, OH
The earning potential for Psychiatristss in Toledo, OH varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 4.7x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $78,350, while highly experienced professionals can command wages upwards of $365,040.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $78,350 | $37.7 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $182,520 | $87.8 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $243,360 | $117 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $304,200 | $146.3 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $365,040 | $175.5 |
Detailed Psychiatrists Market Analysis
Relocation Context
Nominal Salary
$243,360
Gross Pay
Real Wage (Purchasing Power)
$243,360
Adjusted for COL (100)
In Toledo, OH, the Cost of Living Index is 100. This increases your effective purchasing power from $243,360 to $243,360.
Job Market Context
40
Total Jobs
0.142
Per 1K Jobs
0.88
Location Quotient
Toledo, OH has 0.88x 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.
40 people work as Psychiatrists in Toledo, OH.
Only 0.142 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
| City | Salary | Dist. |
|---|---|---|
| Ann Arbor, MI Psychiatrists Salary | $235,660↓ 3% | 43 mi |
| Detroit-Warren-Dearborn, MI Psychiatrists Salary | $283,860↑ 17% | 54 mi |
Comparing salaries near Toledo, OH
Hiring Psychiatristss?
Frequently Asked Questions
How much does a Psychiatrists make in Toledo, OH?
The median annual salary for a Psychiatrists in Toledo, OH is $243,360. This typically ranges from $78,350 for entry-level positions to $365,040 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Toledo, OH is 11.4% lower than the national median of $274,560.
Is Toledo, OH a good place for Psychiatristss?
It depends on your priorities. While the average Psychiatrists salary in Toledo, OH is $243,360 (below the national average), the area may offer a lower cost of living or other lifestyle benefits typical of Toledo, OH. See distinct detailed breakdown below.
Is Toledo, OH a good place to live for Psychiatrists?
The Cost of Living Index in Toledo, OH is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Toledo, OH?
Some top paying nearby cities include Ann Arbor, MI ($235,660) and Detroit-Warren-Dearborn, MI.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 40 employees in the Toledo, OH area with a job density of 0.142 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Psychiatrists • Data source: BLS OEWS 2024 •Jobs in Toledo, OH