Using data from the Bureau of Labor Statistics, here is a snapshot of the average annual salary of psychiatrists in the U.S. based on practice setting. The data is from May 2021, the most recent made available by the bureau.
| Setting | Average salary | 
| Outpatient centers | $299,470 | 
| Physician’s offices | $280,600 | 
| Psychiatric and substance abuse hospitals | $247,150 | 
| Government-affiliated facilities | $221,720 | 
| General hospitals | $199,070 | 
