Psychiatrists working in ambulatory care settings are paid the most, on average, according to the most recent U.S. Bureau of Labor Statistics occupational employment statistics survey.
They are paid an average of $142.96 per hour, or $297,350 yearly.
By comparison, the average hourly pay for all psychiatrists nationwide is $118.92 per hour, or $247,350 yearly. There are significant variations between different settings.
Psychiatrist pay, by setting:
|
Occupation |
Employment |
Hourly mean wage |
Annual mean wage |
|
Cross-industry, Private, Federal, State, and Local Government |
26,500 |
$118.92 |
$247,350 |
|
Cross-industry, Private Ownership Only |
20,730 |
$120.85 |
$251,360 |
|
Healthcare and Social Assistance |
22,500 |
$120.72 |
$251,090 |
|
Other Ambulatory Health Care Services |
140 |
$142.96 |
$297,350 |
|
All Other Ambulatory Health Care Services |
140 |
$142.96 |
$297,350 |
|
General Medical and Surgical Hospitals - State government owned |
190 |
$138.12 |
$287,300 |
|
Psychiatric and Substance Abuse Hospitals - Privately owned |
1,210 |
$136.22 |
$283,330 |
|
Outpatient Care Centers |
3,280 |
$132.97 |
$276,570 |
|
Outpatient Mental Health and Substance Abuse Centers |
2,500 |
$132.64 |
$275,890 |
|
Offices of Physicians |
8,770 |
$131.46 |
$273,440 |
|
Ambulatory Health Care Services |
13,280 |
$128.71 |
$267,710 |
|
Psychiatric and Substance Abuse Hospitals |
2,930 |
$121.63 |
$253,000 |
|
Hospitals - State government owned |
1,930 |
$112.70 |
$234,410 |
|
Psychiatric and Substance Abuse Hospitals - State government owned |
1,700 |
$111.55 |
$232,020 |
|
Hospitals |
7,710 |
$107.47 |
$223,540 |
|
Hospitals - Privately owned |
4,990 |
$106.27 |
$221,030 |
|
Residential Mental Health and Substance Abuse Facilities |
560 |
$103.85 |
$216,000 |
|
Offices of Mental Health Practitioners (except Physicians) |
800 |
$103.23 |
$214,710 |
|
Hospitals - Local government owned |
800 |
$102.35 |
$212,890 |
|
General Medical and Surgical Hospitals - Local government owned |
770 |
$102.33 |
$212,850 |
|
General Medical and Surgical Hospitals |
4,550 |
$99.81 |
$207,600 |
|
General Medical and Surgical Hospitals - Privately owned |
3,590 |
$97.24 |
$202,270 |
|
Offices of Other Health Practitioners |
1,080 |
$91.54 |
$190,410 |
|
Specialty (except Psychiatric and Substance Abuse) Hospitals - Privately owned |
190 |
$86.81 |
$180,560 |
|
Specialty (except Psychiatric and Substance Abuse) Hospitals |
230 |
$78.89 |
$164,090 |
|
Specialty (except Psychiatric and Substance Abuse) Hospitals - State government owned |
40 |
$39.94 |
$83,080 |
|
Offices of Physical, Occupational and Speech Therapists, and Audiologists |
40 |
Data unavailable |
Data unavailable |
|
Nursing and Residential Care Facilities |
730 |
Data unavailable |
Data unavailable |
|
Residential Intellectual and Developmental Disability, Mental Health, and Substance Abuse Facilities |
660 |
Data unavailable |
Data unavailable |
|
Residential Intellectual and Developmental Disability Facilities |
100 |
Data unavailable |
Data unavailable |
|
Other Residential Care Facilities |
40 |
Data unavailable |
Data unavailable |
|
Social Assistance |
770 |
Data unavailable |
Data unavailable |
|
Individual and Family Services |
740 |
Data unavailable |
Data unavailable |
|
Federal, State, and Local Government |
2,540 |
$126.66 |
$263,450 |
|
Local Government, including schools and hospitals |
1,950 |
$127.46 |
$265,120 |
|
Federal, state, and local government, including government-owned schools and hospitals, and the USPS |
5,770 |
$111.98 |
$232,930 |
|
State Government, excluding schools and hospitals |
1,400 |
$111.30 |
$231,510 |
|
State Government, including schools and hospitals |
3,820 |
$104.11 |
$216,540 |
|
Local Government, excluding schools and hospitals |
1,140 |
Data unavailable |
Data unavailable |
|
Educational Services |
1,040 |
$72.45 |
$150,700 |
|
Elementary and Secondary Schools - Privately owned |
70 |
$137.90 |
$286,830 |
|
Elementary and Secondary Schools |
70 |
$129.40 |
$269,160 |
|
Colleges, universities, and professional schools - Privately owned |
410 |
$93.65 |
$194,780 |
|
Educational Services - Privately owned |
530 |
$92.85 |
$193,130 |
|
Colleges, Universities, and Professional Schools |
910 |
$70.23 |
$146,090 |
|
Educational Services - State government owned |
500 |
$50.64 |
$105,320 |
|
Colleges, universities, and professional schools - State government owned |
500 |
$50.64 |
$105,320 |
|
Professional, Scientific, and Technical Services |
140 |
$87.57 |
$182,140 |
|
Research and Development in the Physical, Engineering, and Life Sciences |
Data unavailable |
$115.14 |
$239,480 |
|
Scientific Research and Development Services |
100 |
$112.24 |
$233,470 |