Psychiatrists Salary in Indiana
Official Bureau of Labor Statistics Data - May 2024 - IN
Median Annual Salary in Indiana
$227,316
$109.29 / hour
▼ 9.0% below national avg
National Median
$249,798
$120.10 / hour nationally
COL-Adjusted Purchasing Power
$250,348
Missouri equivalent (COL: 90.8)
Psychiatrists Salary in Indiana
| Percentile | Annual Salary |
|---|---|
| 10th (Entry Level) | $120,477 |
| 25th Percentile | $163,668 |
| 50th (Median) | $227,316 |
| 75th Percentile | $313,696 |
| 90th (Top Earners) | $390,984 |
| Source: U.S. Bureau of Labor Statistics OEWS, May 2024 | |
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Cost of Living Adjusted Salary
The Indiana median salary of $227,316 for Psychiatrists has the purchasing power of approximately $250,348 in Missouri (the COL baseline state with index 100).
Indiana's lower cost of living (COL index: 90.8) means your salary goes further than in higher-cost states.
COL data: MERIC 2024 State Cost of Living Index. Missouri = 100 baseline.
Frequently Asked Questions
How much do Psychiatrists make in Indiana?
Psychiatrists in Indiana earn a median annual salary of $227,316 per year ($109.29/hr) according to BLS OEWS data (May 2024). This is below the national median of $249,798.
Is Indiana a good state for Psychiatrists?
Indiana pays slightly below the national average for psychiatrists. Cost of living in Indiana is lower average (COL index: 90.8).
What is the cost-of-living adjusted salary for Psychiatrists in Indiana?
After adjusting for cost of living (COL index: 90.8 vs. Missouri baseline of 100), the $227,316 salary in Indiana has the purchasing power of approximately $250,348 in Missouri. Lower living costs in Indiana increase real purchasing power.
How does Indiana compare to neighboring states for Psychiatrists salaries?
For detailed comparison across all states, see the full Psychiatrists salary page at the national level, which includes a complete 50-state salary table.
Top Paying Jobs in Indiana
| # | Job Title | Median Annual |
|---|---|---|
| 1 | Anesthesiologists | $302,302 |
| 2 | Radiologists | $282,027 |
| 3 | Neurologists | $268,996 |
| 4 | Surgeons, All Other | $268,013 |
| 5 | Ophthalmologists, Except Pediatric | $247,411 |
| 6 | Psychiatrists | $227,316 |
| 7 | Physicians, Pathologists | $221,967 |
| 8 | General Internal Medicine Physicians | $221,439 |
| Source: BLS OEWS May 2024 | ||
About Psychiatrists in Indiana
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 Required: Bachelor's degree