How Much Do Psychiatrists Make in 2021 (including Starting Salary)

Stan T.Career, SalaryLeave a Comment

Annual Salary, Salary Range, and Highest Paying States and Industries


Psychiatrists diagnose, treat, and help prevent disorders of the mind.

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Table of contents
  1. Average salary
  2. Starting salary
  3. Salary rank
  4. Salary range
  5. Highest paying states
  6. Highest paying industries

Average salary

Annual salary
$217100 per year
Hourly wage
$104 per hour

Starting salary

Entry-level annual salary
$69,470 to $135,300 per year
Entry-level hourly wage
$33 to $65 per hour

Entry-level Psychiatrists with little to no experience can expect to make anywhere between $69,470 to $135,300 per year or $33 to $65 per hour. Similar to any other job, their salary will increase as they gain experience.

Salary rank

Salary rank

We wanted to make it easy for our readers to compare the salary of Psychiatrists to all the other careers out there. So we created Salary Rank. We compared the salary of all careers then we gave them a rank of A, B, C, or D depending on where their average salary sit in comparison to other careers.

Salary range

Level Hourly Annual
Highest (Top 10%) $100+ $208,000+
Senior (Top 25%) $100+ $208,000+
Middle (Mid 50%) $100+ $208,000+
Junior (Bottom 25%) $65 $135,300
No experience (Bottom 10%) $33 $69,470

Highest paying states

State Hourly Annual
ND $138 $288,060
KS $135 $281,410
MN $134 $278,380
NM $129 $268,290
NE $129 $268,200
ME $129 $267,940
WA $127 $263,580
IN $125 $259,980
AZ $125 $259,170
MO $124 $258,270

Another simple way to increase your salary as a Psychiatrist is to move to a higher paying state. However moving to a higher paying state like ND doesn’t guarantee that you will make more because the expenses at ND might be much higher than where you are currently living at right now.

According to BLS, the highest paid Psychiatrists are in the states of ND, KS, MN, NM and NE.

Highest paying industries

Salary by industry Annual Hourly
Home Health Care Services $262120 $126.02
Local Government $259010 $124.52
Residential Intellectual and Developmental Disability, Mental Health, and Substance Abuse Facilities $256040 $123.10
Outpatient Care Centers $249260 $119.84
Other Residential Care Facilities $235550 $113.24
Psychiatric and Substance Abuse Hospitals $232550 $111.80
Community Food and Housing, and Emergency and Other Relief Services $227570 $109.41
Individual and Family Services $217250 $104.45
Offices of Other Health Practitioners $212750 $102.28
Offices of Physicians $210390 $101.15
State Government $209900 $100.91
Management of Companies and Enterprises $201570 $96.91
Employment Services $200060 $96.18
Scientific Research and Development Services $199730 $96.03
Vocational Rehabilitation Services $198530 $95.45
General Medical and Surgical Hospitals $193670 $93.11
Elementary and Secondary Schools $175660 $84.45
Colleges, Universities, and Professional Schools $164940 $79.30
Specialty Hospitals $158960 $76.43

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