Q: Do psychiatrists make good money?

Yes, psychiatrists make good money. On average, a psychiatrist makes $240,000 a year. The pay can waver a bit either way, depending on education, certifications, and experience. A psychiatrist spends at least eight years getting the appropriate schooling, followed by a residency. The time and effort it takes to become a psychiatrist are well deserving of the pay. The salary range for a psychiatrist is from $50,000 to $353,000. Where you fall in this range depends on what your position is. A psychiatric counselor is on the lower end of the pay scale. The middle pay range is more area specific and therefore has a bit higher pay. Typically the highest-paid psychiatrist is a locum tenens psychiatrist. A locum tenens psychiatrist is basically an on-call person or temporary fill-in.

Q: How many vacation days do psychiatrists get?

Psychiatrists get 10-30 vacation days per year. The average amount of vacation days or PTO in the United States is 10 days. However, many psychiatrists receive more than double this amount. A psychiatrist's vacation days can total anywhere from two to six weeks per year. While this is the most common range for psychiatrists, PTO can vary greatly depending on where the psychiatrist works and many other factors.

Question 1

How much does a psychiatrist make?

Accepted Answer

The average psychiatrist salary in the United States is $229,034. Psychiatrist salaries typically range between $133,000 and $393,000 yearly. The average hourly rate for psychiatrists is $110.11 per hour.

Psychiatrist salary is impacted by location, education, and experience. Psychiatrists earn the highest average salary in Alaska.

Question 2

What state pays Psychiatrists the most?

Accepted Answer

Alaska pays Psychiatrists the most in the United States, with an average salary of $238,542 per year, or $114.68 per hour.

Question 3

How do I know if I'm being paid fairly as a psychiatrist?

Accepted Answer

You know if you are being paid fairly as a psychiatrist if your pay is close to the average pay for the state you live in. For example, if you live in Maine you should be paid close to $225,991 per year.

Question 4

Do psychiatrists get paid well?

Accepted Answer

Yes, psychiatrists get paid well, with an average base salary of $263,271, or $127 an hour. This amount varies based on education, specialties, years of experience, and certifications. Psychiatry is lower-paid within the medical profession.

Question 5

Do psychiatrists make good money?

Accepted Answer

Yes, psychiatrists make good money. On average, a psychiatrist makes $240,000 a year. The pay can waver a bit either way, depending on education, certifications, and experience.

A psychiatrist spends at least eight years getting the appropriate schooling, followed by a residency. The time and effort it takes to become a psychiatrist are well deserving of the pay.

The salary range for a psychiatrist is from $50,000 to $353,000. Where you fall in this range depends on what your position is. A psychiatric counselor is on the lower end of the pay scale. The middle pay range is more area specific and therefore has a bit higher pay. Typically the highest-paid psychiatrist is a locum tenens psychiatrist. A locum tenens psychiatrist is basically an on-call person or temporary fill-in.

Question 6

How many vacation days do psychiatrists get?

Accepted Answer

Psychiatrists get 10-30 vacation days per year. The average amount of vacation days or PTO in the United States is 10 days. However, many psychiatrists receive more than double this amount. A psychiatrist's vacation days can total anywhere from two to six weeks per year. While this is the most common range for psychiatrists, PTO can vary greatly depending on where the psychiatrist works and many other factors.

Question 7

What is the highest-paid psychiatrist?

Accepted Answer

The highest-paid psychiatrist is the "locum psychiatrist," earning an average of $340,000. That's $135,000 over the median average of $205,000!

Because of the shortage of psychiatrists, a locum psychiatrist is hired to fill positions temporarily. Someone can get paid per job or hour and travels to meet demand. This work can even be in addition to running a personal practice.

Question 8

What is the starting salary for a psychiatrist?

Accepted Answer

The starting salary for a psychiatrist is between $73,000 and $183,000. They may work for a public institution or through a private practice. Pay differs by location, the field of work, and the type of practice.

Rank	State	Avg. salary	Hourly rate
1	Alaska	$238,542	$114.68
2	North Dakota	$224,784	$108.07
3	Maine	$225,991	$108.65
4	Montana	$218,622	$105.11
5	Wyoming	$209,905	$100.92
6	Pennsylvania	$206,129	$99.10
7	Vermont	$211,833	$101.84
8	South Dakota	$217,043	$104.35
9	Nebraska	$211,929	$101.89
10	Wisconsin	$204,748	$98.44
11	Idaho	$209,776	$100.85
12	Washington	$211,170	$101.52
13	Minnesota	$216,717	$104.19
14	Oregon	$203,218	$97.70
15	Michigan	$201,609	$96.93
16	Missouri	$203,474	$97.82
17	Connecticut	$200,923	$96.60
18	Utah	$204,804	$98.46
19	New Hampshire	$197,512	$94.96
20	Delaware	$197,830	$95.11
21	California	$202,007	$97.12
22	Indiana	$199,280	$95.81
23	Illinois	$207,088	$99.56
24	Colorado	$200,073	$96.19
25	Iowa	$196,554	$94.50
26	West Virginia	$194,750	$93.63
27	Georgia	$195,774	$94.12
28	Mississippi	$194,776	$93.64
29	Ohio	$193,274	$92.92
30	Rhode Island	$194,050	$93.29
31	Kansas	$193,770	$93.16
32	New York	$192,411	$92.51
33	Massachusetts	$194,143	$93.34
34	Maryland	$194,144	$93.34
35	New Jersey	$197,053	$94.74
36	Nevada	$189,345	$91.03
37	South Carolina	$187,729	$90.25
38	Arizona	$194,625	$93.57
39	Kentucky	$191,927	$92.27
40	Oklahoma	$188,605	$90.68
41	Alabama	$191,621	$92.13
42	North Carolina	$188,875	$90.81
43	Louisiana	$184,075	$88.50
44	Tennessee	$180,849	$86.95
45	District of Columbia	$194,754	$93.63
46	Arkansas	$177,580	$85.38
47	Texas	$186,795	$89.81
48	Hawaii	$124,196	$59.71
49	Florida	$180,954	$87.00
50	Virginia	$184,962	$88.92
51	New Mexico	$177,693	$85.43

Rank	City	Avg. salary	Hourly rate
1	Fargo, ND	$335,992	$161.53
2	Seattle, WA	$315,265	$151.57
3	Minneapolis, MN	$295,107	$141.88
4	Portland, OR	$283,745	$136.42
5	Sacramento, CA	$277,210	$133.27
6	Portland, ME	$268,451	$129.06
7	Kansas City, MO	$263,580	$126.72
8	Denver, CO	$261,659	$125.80
9	Aurora, IL	$259,712	$124.86
10	Pittsburgh, PA	$241,708	$116.21
11	Kansas City, KS	$237,851	$114.35
12	Phoenix, AZ	$237,255	$114.06
13	Fort Wayne, IN	$237,162	$114.02
14	Columbus, MS	$230,169	$110.66
15	Atlanta, GA	$226,935	$109.10
16	Farmington, CT	$224,402	$107.89
17	Las Vegas, NV	$224,257	$107.82
18	Huntington, WV	$221,902	$106.68
19	Dallas, TX	$221,358	$106.42
20	Columbus, OH	$217,623	$104.63

Percentile	Annual salary	Monthly salary	Hourly rate
90th Percentile	$393,000	$32,750	$189
75th Percentile	$304,000	$25,333	$146
Average	$229,034	$19,086	$110
25th Percentile	$172,000	$14,333	$83
10th Percentile	$133,000	$11,083	$64

Job title	Annual salary	Monthly salary	Hourly rate	Job openings
Child & Adolescent Psychiatrist	$255,648	$21,304	$122.91	39,100
Outpatient Psychiatrist	$252,897	$21,075	$121.59	9,279
Staff Psychiatrist	$254,265	$21,189	$122.24	95,691
Adult Psychiatrist	$252,704	$21,059	$121.49	28,220
Child Psychiatrist	$249,711	$20,809	$120.05	38,047

Rank	Company	Average salary	Hourly rate
1	Yuma Regional Medical Center	$378,639	$182.04
2	McLeod Health	$366,047	$175.98
3	Trinity Health	$358,631	$172.42
4	Billings Clinic	$355,922	$171.12
5	Sharon Regional Health System	$354,566	$170.46
6	BJC HealthCare	$344,322	$165.54
7	OSF HealthCare	$344,139	$165.45
8	Mercy Health	$336,881	$161.96
9	Allina Health	$335,409	$161.25
10	Hennepin Healthcare	$331,401	$159.33
11	Houston Methodist	$329,937	$158.62
12	Dignity Health	$328,556	$157.96
13	Alameda Health System	$326,501	$156.97
14	Genesis Health System	$324,293	$155.91
15	San Juan Regional Medical Center	$323,696	$155.62
16	Mayo Clinic	$321,114	$154.38
17	Providence Health & Services	$317,004	$152.41
18	MaineGeneral Health	$315,568	$151.72
19	Mercy Regional Medical Center	$312,734	$150.35
20	Community Healthcare System	$304,822	$146.55

Psychiatrist salary

Average psychiatrist salary

$229,034

Understanding Psychiatrist Salaries

Salary Variations by State

Career Opportunities

Where can a Psychiatrist earn more?