Psychiatrist salary by practice setting: Hospital, private practice and more

Psychiatrist salary can be affected by many factors, including age, location and practice setting. 

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

 

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