What is the average salary for a psychiatrist?

The average annual salary for a psychiatrist in the United States ranges from around $200,000 to over $300,000, with the national mean annual wage reported as $220,380 in 2022.

Psychiatrist salaries can vary significantly by location, with the highest-paying states being Connecticut, Rhode Island, and California.

The industries with the highest concentration of psychiatrist employment are outpatient care centers, general medical and surgical hospitals, and psychiatric and substance abuse hospitals.

Specialized psychiatry roles, such as pediatric psychiatrists, tend to have higher salaries compared to general psychiatry positions.

In San Francisco, the average psychiatrist salary is reported as $310,292, while in Dallas it is $262,784 and in Chicago it is $271,257.

The bottom 10% of psychiatrists make around $133,000 per year, which is the same as the average salary for entry-level psychiatrists.

Factors such as experience, education, and certification can significantly impact a psychiatrist's earning potential.

Psychiatrist salaries have continued to rise in recent years, outpacing the average wage growth for other healthcare professions.

The increasing demand for mental health services, particularly in the aftermath of the COVID-19 pandemic, has contributed to the high salaries for psychiatrists.

Psychiatrists working in private practice or consulting roles tend to earn higher salaries compared to those employed by hospitals or healthcare systems.

The average psychiatrist salary in the United States is significantly higher than the average salary for other medical specialists, such as family medicine physicians.

Psychiatrist salaries are often higher in urban areas with a greater concentration of the population and higher cost of living.

The salary for a child and adolescent psychiatrist is typically higher than the salary for a general adult psychiatrist.

Psychiatrists who specialize in areas like addiction, forensics, or geriatrics may also earn higher salaries than those in general practice.

The median total pay for a psychiatrist in the United States is estimated to be $280,144 per year, with an average base salary of $206,596.

The salary for a psychiatrist can also be influenced by factors such as the type of healthcare facility, the psychiatrist's reputation, and the level of demand for their services in a particular region.