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Average Psychiatrists Salary in Worcester, MA

The average salary for a Psychiatrists in Worcester, MA is $289,260. This compensation is in line with national standards, reflecting a balanced and stable local job market. Notably, Worcester, MA is a key hub for this profession, with a job concentration 1.53x higher than average.

Executive Summary

  • Average Salary: $289,260 per year.
  • Growth Trend: Salaries have shifted 0.0% over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $433,890.
  • Outlook: The current demand for Psychiatristss is stable, with a local workforce of approximately 90 professionals. This role remains a specialized component of the broader Worcester, MA economy.
2024 Market Data

Salary Overview

$289,260

The average Psychiatrists in Worcester, MA earns+5.4%above the national average.

BreakdownBased on 40h/week
Hourly

$139.1

Weekly

$5,563

Monthly

$24,105

Psychiatrists Salary Distribution in Worcester, MA

The earning potential for Psychiatristss in Worcester, MA varies significantly by experience level. There is a substantial income gap, with top earners (90th percentile) making over 3.2x the starting salary. This indicates strong career progression opportunities. Entry-level roles (10th percentile) typically start around $134,780, while highly experienced professionals can command wages upwards of $433,890.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$134,780$64.8
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$216,945$104.3
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$289,266$139.1
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$361,575$173.8
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$433,890$208.6

Detailed Psychiatrists Market Analysis

Relocation Context

Nominal Salary

$289,260

Gross Pay

Real Wage (Purchasing Power)

$289,260

Adjusted for COL (100)

In Worcester, MA, the Cost of Living Index is 100. This increases your effective purchasing power from $289,260 to $289,260.

Job Market Context

90

Total Jobs

0.246

Per 1K Jobs

1.53

Location Quotient

Major Hub

Worcester, MA has 1.5x the national concentration of Psychiatrists jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.

90 people work as Psychiatrists in Worcester, MA.

Only 0.246 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

Comparing salaries near Worcester, MA

Hiring Psychiatristss?

Frequently Asked Questions

How much does a Psychiatrists make in Worcester, MA?

The median annual salary for a Psychiatrists in Worcester, MA is $289,260. This typically ranges from $134,780 for entry-level positions to $433,890 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Worcester, MA is 5.4% higher than the national median of $274,560.

Is Worcester, MA a good place for Psychiatristss?

Yes, Worcester, MA is an excellent location for Psychiatristss. It offers both higher-than-average salaries ($289,260) and a high concentration of job opportunities. See distinct detailed breakdown below.

Is Worcester, MA a good place to live for Psychiatrists?

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

Where are the highest paying cities near Worcester, MA?

Some top paying nearby cities include Providence-Warwick, RI-MA ($242,430) and Boston-Cambridge-Newton, MA-NH.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 90 employees in the Worcester, MA area with a job density of 0.246 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.