Although the mean annual wage among all psychiatrists in the U.S. is $247,350, that can vary based on factors including experience and practice setting, according to the most recent Bureau of Labor Statistics occupational employment statistics survey.
Here is an overview of the average pay range of psychiatrists in multiple medical settings:
|
Practice setting |
Annual mean wage |
Mean hourly wage |
|
Offices of physicians |
$273,440 |
$131.46 |
|
Outpatient care centers |
$276,570 |
$132.97 |
|
General hospitals |
$223,540 |
$107.47 |
|
Psychiatric and substance abuse hospitals |
$253,000 |
$121.63 |