Average Psychiatrists Salary in Washington-Arlington-Alexandria, DC-VA-MD-WV
Psychiatrists in the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area earn an average annual salary of $213,470. This figure is notably below the national average of $274,560, suggesting that while demand exists, other factors may be influencing compensation in this specific region. The local economic landscape and specific healthcare needs likely play a role in this pay differential.
Executive Summary
- Average Salary: $213,470 per year.
- Growth Trend: Salaries have shifted 14.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $320,205.
- Outlook: With a local workforce of 570 Psychiatrists and a Location Quotient of 1.13, the job market in Washington-Arlington-Alexandria indicates a slightly higher concentration of these professionals than the national average. This suggests a stable, albeit not booming, demand for psychiatric services within the region, implying a steady employment outlook for qualified individuals.
Salary Overview
The average Psychiatrists in Washington-Arlington-Alexandria, DC-VA-MD-WV earns-22.3%below the national average.
$102.6
$4,105
$17,789
Psychiatrists Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for Psychiatrists in the Washington-Arlington-Alexandria area have experienced growth over the past four years, mirroring national trends. Factors such as increasing demand for mental health services, inflation, and evolving healthcare policies likely contribute to a positive salary trajectory for the profession.
Psychiatrists Salary Distribution in Washington-Arlington-Alexandria, DC-VA-MD-WV
Salary progression for Psychiatrists 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 considerably more. The percentile gaps in salary data, from the lower to the upper quartiles, clearly signify the substantial career progression and earning potential available within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $43,600 | $21 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $160,103 | $77 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $219,970 | $105.8 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $266,838 | $128.3 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $320,205 | $153.9 |
Detailed Psychiatrists Market Analysis
Relocation Context
Nominal Salary
$213,470
Gross Pay
Real Wage (Purchasing Power)
$213,470
Adjusted for COL (100)
The average annual salary of $213,470 for Psychiatrists in Washington-Arlington-Alexandria aligns perfectly with the national average cost of living index of 100. This means that the nominal salary offers purchasing power equivalent to the national average, making relocation financially neutral from a cost-of-living perspective, assuming no significant regional price variations for specialized services.
Job Market Context
570
Total Jobs
0.181
Per 1K Jobs
1.13
Location Quotient
With a location quotient of 1.13, Washington-Arlington-Alexandria, DC-VA-MD-WV has a slightly higher-than-average concentration of Psychiatrists roles compared to the national norm.
A Location Quotient of 1.13 signifies that Psychiatrists are 13% more concentrated in the Washington-Arlington-Alexandria area compared to the national average. This suggests a healthy market with a slightly elevated presence of these specialists, indicating a competitive environment where employers may need to offer competitive compensation to attract and retain talent, despite the salary being below the national average.
Nearby Job Markets
Nearby Cities for Psychiatrists
| City | Salary | Dist. |
|---|---|---|
| Maryland nonmetropolitan area Psychiatrists Salary | $341,780↑ 60% | 17 mi |
| Baltimore-Columbia-Towson, MD Psychiatrists Salary | $255,940↑ 20% | 35 mi |
Comparing salaries near Washington-Arlington-Alexandria, DC-VA-MD-WV
Hiring Psychiatristss?
Frequently Asked Questions
How much does a Psychiatrists make in Washington-Arlington-Alexandria, DC-VA-MD-WV?
The median annual salary for a Psychiatrists in Washington-Arlington-Alexandria, DC-VA-MD-WV is $213,470. This typically ranges from $43,600 for entry-level positions to $320,205 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Washington-Arlington-Alexandria, DC-VA-MD-WV is 22.3% lower than the national median of $274,560.
Is Washington-Arlington-Alexandria, DC-VA-MD-WV a lucrative place for Psychiatrists?
No, not compared to the national average.While Psychiatrists in this area earn a substantial $213,470 annually, this is below the national average of $274,560. However, the cost of living is on par with the national average, making the salary's purchasing power comparable.
Is Washington-Arlington-Alexandria, DC-VA-MD-WV a good place to live for Psychiatrists?
The Cost of Living Index in Washington-Arlington-Alexandria, DC-VA-MD-WV is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Washington-Arlington-Alexandria, DC-VA-MD-WV?
Some top paying nearby cities include Maryland nonmetropolitan area ($341,780) and Baltimore-Columbia-Towson, MD.
What is the average salary for a Psychiatrist in Washington-Arlington-Alexandria, DC-VA-MD-WV?
The average annual salary for a Psychiatrist in the Washington-Arlington-Alexandria, DC-VA-MD-WV area is $213,470.
How does the Washington-Arlington-Alexandria Psychiatrist salary compare to the national average?
The average salary of $213,470 in Washington-Arlington-Alexandria is lower than the national average of $274,560 for Psychiatrists.
What does a Location Quotient of 1.13 mean for Psychiatrists in this area?
A Location Quotient of 1.13 indicates that Psychiatrists are 13% more concentrated in Washington-Arlington-Alexandria than the national average, suggesting a slightly higher presence of the profession in the region.
How does the cost of living affect the Psychiatrist salary in this region?
With a Cost of Living Index of 100, the Washington-Arlington-Alexandria area has a cost of living equivalent to the national average. Therefore, the nominal salary of $213,470 offers average purchasing power.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 570 employees in the Washington-Arlington-Alexandria, DC-VA-MD-WV area with a job density of 0.181 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 Washington-Arlington-Alexandria, DC-VA-MD-WV