The average salary for a psychiatrist in the United States is around $220,380 per year.
This is 230% above the national average. Updated in 2018.
Psychiatrists earn an average yearly salary of $220,380. Wages typically start from $75,590.
Psychiatrist earnings by seniority
Approximate values based on highest and lowest earning segments.
Psychiatrist salary by state
|State Name||Average Salary|
|District of Columbia||$185,030|
How much does a Psychiatrist earn?
According to Medscape's Psychiatrist Compensation Report 2013, US psychiatrists are in the bottom third of the compensation ranks compared with other US specialists. Topping the list were orthopedists, cardiologists, radiologists, gastroenterologists, and urologists. The latest compensation report shows that about 19% of psychiatrists earn $300,000 or more; about 13% earn $100,000 or less (compensation includes salary, bonuses, and profit-sharing contributions).
Data collected by PayScale.com indicated that those with less than five years of experience made salaries ranging from $81,018 to $226,307 in September 2015. The average salary also depends on factors like employer, state and city. The highest earnings for psychiatrists were reported in the West ($251,000) and Northwest ($238,000) regions, whereas the lowest were in the Mid-Atlantic ($201,000) and the Southeast ($205,000) regions.
According to the Bureau of Labor Statistics, psychiatrists working for home health care services made the highest average salary of $216,730 in May 2014. High average salaries were also found in state government ($201,520); community food and housing, and emergency and other relief services ($197,030); individual and family services ($197,030); and outpatient care centres ($196,820). Average salaries were lower for those working for the offices of physicians ($175,140), general medical and surgical hospitals ($171,660) and psychiatric and substance abuse hospitals ($177,960).
Male psychiatrists are earning more than their female counterparts. However, women tend to work shorter hours and fewer weeks than men, which may help account for the lower compensation reported among female psychiatrists.
How do psychiatrist salaries compare to similar careers?
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|Oral and maxillofacial surgeon salary||$242K|
|Family practitioner salary||$201K|
Source: CareerExplorer (Aggregated)