Average Psychiatrists Salary in Virginia
Psychiatrists in Virginia earn an average annual salary of $268,420, which is slightly below the national average of $274,560. This marginal difference can be attributed to a combination of factors including the state's specific healthcare demands, regulatory environment, and the overall economic landscape influencing compensation for highly specialized medical professionals.
Executive Summary
- Average Salary: $268,420 per year.
- Growth Trend: Salaries have shifted 33.3% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $402,630.
- Outlook: With a total local workforce of 390 Psychiatrists, Virginia presents a moderately sized, yet specialized, job market. The Location Quotient of 0.59 indicates that while Psychiatrists are present, they are less concentrated than the national average, suggesting potential opportunities for those entering the field or seeking to establish practices.
Salary Overview
The average Psychiatrists in Virginia earns-2.2%below the national average.
$129.1
$5,162
$22,368
Psychiatrists Salary Trends (2020-2024)
While specific historical data for Virginia Psychiatrist salary growth isn't provided, it's reasonable to assume a trend of steady to moderate salary increases over the past four years, mirroring national patterns. Factors such as rising healthcare costs, increased demand for mental health services, and inflation likely contribute to an upward trajectory in compensation for this critical profession.
Psychiatrists Salary Distribution in Virginia
Salary progression for Psychiatrists in Virginia, as elsewhere, is significantly influenced by experience. Entry-level positions typically command lower salaries, while seasoned professionals with extensive experience and specialized skills can expect to earn substantially more. The gap between the lower and upper salary percentiles signifies clear career advancement and the increasing value placed on expertise and specialization within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $146,010 | $70.2 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $201,315 | $96.8 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $268,424 | $129.1 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $335,525 | $161.3 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $402,630 | $193.6 |
Detailed Psychiatrists Market Analysis
Relocation Context
Nominal Salary
$268,420
Gross Pay
Real Wage (Purchasing Power)
$264,714
Adjusted for COL (101.4)
The average annual salary of $268,420 in Virginia aligns closely with the state's Cost of Living Index of 101.4, which is just slightly above the national average. This suggests that the nominal salary offers a purchasing power that is nearly equivalent to the national average, providing a stable financial footing for Psychiatrists relocating to or practicing within the state.
Job Market Context
390
Total Jobs
0.095
Per 1K Jobs
0.59
Location Quotient
Virginia has 0.59x 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.
Virginia's Location Quotient of 0.59 for Psychiatrists indicates a lower concentration of these professionals compared to the national average. This suggests that the job market may be less saturated, potentially offering more opportunities for qualified individuals. While not a high-demand area by concentration, the presence of a workforce signifies an established need for these services.
Nearby Job Markets
Nearby Cities for Psychiatrists
| City | Salary | Dist. |
|---|---|---|
| Richmond, VA Psychiatrists Salary | $266,800↓ 1% | 41 mi |
Comparing salaries near Virginia
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Frequently Asked Questions
How much does a Psychiatrists make in Virginia?
The median annual salary for a Psychiatrists in Virginia is $268,420. This typically ranges from $146,010 for entry-level positions to $402,630 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Virginia is 2.2% lower than the national median of $274,560.
Is Virginia a lucrative place for Psychiatrists?
Yes, Virginia offers a competitive salary for Psychiatrists.Psychiatrists in Virginia earn an average of $268,420 annually, which is substantial, though slightly below the national average. The cost of living is also very close to the national average, making the salary highly competitive in real terms.
Is Virginia a good place to live for Psychiatrists?
The Cost of Living Index in Virginia is 101.4. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Virginia?
Some top paying nearby cities include Richmond, VA ($266,800) and others.
How does Virginia's Psychiatrist salary compare to the national average?
The average annual salary for Psychiatrists in Virginia is $268,420, which is slightly lower than the national average of $274,560.
What is the concentration of Psychiatrists in Virginia compared to the rest of the US?
Virginia has a Location Quotient of 0.59 for Psychiatrists, meaning they are less concentrated in the state than the national average.
How does the cost of living in Virginia affect a Psychiatrist's salary?
With a Cost of Living Index of 101.4, Virginia's cost of living is just above the national average. This means the $268,420 salary provides purchasing power very close to the national average.
What does the total workforce number suggest about job availability for Psychiatrists in Virginia?
A total workforce of 390 Psychiatrists indicates a specialized but established presence, suggesting ongoing demand for mental health professionals within the state.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 390 employees in the Virginia area with a job density of 0.095 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 Virginia