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Average Psychiatrists Salary in U.S.

Psychiatrists in the U.S. earn an average annual salary of $274,560. This figure precisely matches the national average, indicating a stable and nationally representative compensation landscape for this critical medical profession. Factors such as the demand for specialized mental health services and the established healthcare infrastructure likely contribute to this consistent pay scale across the nation.

Executive Summary

  • Average Salary: $274,560 per year.
  • Growth Trend: Salaries have shifted 18.1% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $411,840.
  • Outlook: With a substantial local workforce of 19,000 Psychiatrists, the U.S. demonstrates a significant concentration of these professionals. While a specific Location Quotient is not provided, the sheer size of the workforce suggests a robust and active job market. This indicates a steady demand for psychiatric services, ensuring a stable employment outlook for practitioners in the region.
2024 Market Data

Salary Overview

$274,560

The average Psychiatrists in U.S. earns-0.0%below the national average.

BreakdownBased on 40h/week
Hourly

$132

Weekly

$5,280

Monthly

$22,880

Psychiatrists Salary Distribution in U.S.

The salary trajectory for Psychiatrists typically escalates significantly with experience. Entry-level positions may start at a lower percentile, but as professionals gain years of practice, build expertise, and potentially specialize further, their earning potential increases substantially. The widening gap between entry-level and senior-level salaries, often reflected in percentile data, clearly signifies robust career progression opportunities within the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$77,070$37.1
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$205,920$99
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$274,560$132
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$343,200$165
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$411,840$198

Detailed Psychiatrists Market Analysis

Relocation Context

Nominal Salary

$274,560

Gross Pay

Real Wage (Purchasing Power)

$274,560

Adjusted for COL (100)

The average annual salary of $274,560 in the U.S. aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Psychiatrist's salary in this location is equivalent to the national average. Professionals can expect their earnings to cover standard living expenses without significant strain or advantage compared to the rest of the country.

Job Market Context

19,000

Total Jobs

N/A

Per 1K Jobs

N/A

Location Quotient

The absence of a specific Location Quotient (LQ) for Psychiatrists in the U.S. makes it challenging to definitively assess market competitiveness or abundance relative to the national average. However, the presence of a large workforce of 19,000 suggests a mature market where demand and supply are likely in equilibrium, offering a stable environment for practitioners.

Nearby Job Markets

Hiring Psychiatristss?

Frequently Asked Questions

How much does a Psychiatrists make in U.S.?

The median annual salary for a Psychiatrists in U.S. is $274,560. This typically ranges from $77,070 for entry-level positions to $411,840 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in U.S. is 0.0% lower than the national median of $274,560.

Is U.S. a lucrative place for Psychiatrists?

Yes, U.S. offers nationally competitive compensation for Psychiatrists.The average salary of $274,560 matches the national average, indicating strong and stable earning potential. Coupled with a Cost of Living Index of 100, this salary provides average purchasing power, making it a financially sound location.

Is U.S. a good place to live for Psychiatrists?

The Cost of Living Index in U.S. is 100. While higher than average, this often correlates with higher wages.

What is the average salary for a Psychiatrist in the U.S.?

The average annual salary for a Psychiatrist in the U.S. is $274,560, which is on par with the national average.

How does the cost of living in the U.S. compare to the national average?

The Cost of Living Index in the U.S. is 100, which is exactly the national average. This means the purchasing power of a Psychiatrist's salary is standard.

What is the size of the Psychiatrist workforce in the U.S.?

There are approximately 19,000 Psychiatrists working in the U.S., indicating a significant professional community.

Are there many job opportunities for Psychiatrists in the U.S.?

While a specific Location Quotient isn't provided, the large workforce size suggests a stable and active job market with consistent demand for psychiatric services.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 19,000 employees in the U.S. area with a job density of 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 U.S.