Psychiatrists' average income grew 4% last year, Medscape reports

The average net worth of psychiatrists in 2022 was $287,000, a 4 percent increase from last year's average of $275,000, according to a report published by Medscape.

Of the 13,000 physicians who responded to Medscape's 2022 "Psychiatrist Wealth & Debt Report," the net worth of psychiatrists ranged from under $500,000 to over $5 million. 

A breakdown of the net worth of psychiatrists who responded to the August report:

 

Percentage of psychiatrists

Net worth

31 percent

Under $500,000

17 percent

$500,000 to $999,999

20 percent

$1 million to $1,999,999

24 percent

$2million to $4,999,999

8 percent

Above $5 million

 

More of the survey's results can be found here.

 

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