What is the average hourly wage for Psychiatrists?

The median hourly wage for Psychiatrists is $120.10 per hour. This translates to approximately $249,798 per year working full-time.

What states pay Psychiatrists the most?

Salaries for Psychiatrists vary significantly by location. Use the state-by-state table above to see which states offer the highest median wages for this occupation.

What education is needed to become a psychiatrist?

Typical education required: Bachelor's degree.

Psychiatrists Salary

Name: Psychiatrists Salary Data
Creator: U.S. Bureau of Labor Statistics
License: https://www.bls.gov/bls/linksite.htm

Official U.S. Bureau of Labor Statistics Data - May 2024

Median Annual Salary

$249,798

$120.10 / hour

▲ 13% (Much faster than average)

Salary Range

$132,393 - $429,653

10th to 90th percentile

Total Employed

28,840

workers nationally

🏛️ Data Source: U.S. Bureau of Labor Statistics OEWS, May 2024 | Updated: Annual | Methodology

Psychiatrists Salary by Percentile

$132,393 $429,653

10th pct Median: $249,798 90th pct

Percentile	Annual Salary	Hourly Rate
10th (Entry Level)	$132,393	$63.65
25th Percentile	$179,855	$86.47
50th (Median)	$249,798	$120.10
75th Percentile	$344,721	$165.73
90th (Top Earners)	$429,653	$206.56
Source: U.S. Bureau of Labor Statistics OEWS, May 2024

Top Paying States for Psychiatrists

#	State	Median Annual	Median Hourly
1	District of Columbia (DC)	$329,733	$158.53
2	California (CA)	$312,248	$150.12
3	Massachusetts (MA)	$304,754	$146.52
4	New York (NY)	$304,754	$146.52
5	New Jersey (NJ)	$299,758	$144.11
6	Connecticut (CT)	$294,762	$141.71
7	Maryland (MD)	$294,762	$141.71
8	Hawaii (HI)	$287,268	$138.11
9	Alaska (AK)	$279,774	$134.51
10	Washington (WA)	$279,774	$134.51
Source: BLS OEWS May 2024

About Psychiatrists

Psychiatrists work in their specialized field applying expertise and skills to deliver value in their organization. This occupation is part of the healthcare sector of the U.S. economy.

Education Requirements

Typical Entry-Level Education: Bachelor's degree

Job Outlook for Psychiatrists

Projected Growth

+13%

2022-2032

▲ 13% (Much faster than average)

Annual Job Openings

1,897,400

projected annually

Outlook data based on BLS Employment Projections program. Growth rate is projected change in employment 2022-2032.

Frequently Asked Questions

How much do Psychiatrists make?

The median annual salary for Psychiatrists is $249,798 (BLS OEWS May 2024). Entry-level workers earn around $132,393, while the top 10% earn $429,653 or more.

What is the hourly wage for Psychiatrists?

Psychiatrists earn a median hourly wage of $120.10 per hour. Working full-time (40 hrs/week, 52 weeks), this equals approximately $249,798 annually.

Is Psychiatrists a good-paying career?

With a median salary of $249,798, Psychiatrists earns above the U.S. median household income. Job outlook: Much faster than average (13% growth, 2022-2032).

What education do Psychiatrists need?

Typical entry-level education: Bachelor's degree. Requirements vary by employer and specialization - check with specific employers and BLS OOH for detailed requirements.