Source: SalaryDr Psychiatry Residency Salary Data (2026). Median: $68,500/year. Sample: 39 verified submissions. Moonlighting: 2 report moonlighting with median $180/hr. URL: https://www.salarydr.com/residency-salary/psychiatry
Psychiatry Residency Salary (2026)
The median psychiatry resident salary is $68,500 per year, based on 39 verified submissions on SalaryDr. After training, psychiatry attendings earn a median of $351,800 — a 5.1x increase. 5% of residents report moonlighting, earning a median of $39,000/year extra.
Source: SalaryDr verified data • Updated Sep 2026
Psychiatry Resident Salary by PGY Year
How psychiatry resident compensation changes by postgraduate year level.
| PGY Level | Median Salary | Reports |
|---|---|---|
| PGY-1 | $66,000 | 21 |
| PGY-2 | $87,000 | 7 |
| PGY-3 | $67,000 | 5 |
| PGY-4 | $82,000 | 5 |
| PGY-5 | $60,000 | 1 |
Psychiatry Resident Moonlighting Income
5% of psychiatry residents report moonlighting, based on 39 submissions.
| Type | Median Rate | Median Income | Reports |
|---|---|---|---|
| External | $180/hr | $39,000/yr | 2 |
Psychiatry Residency Stipends & Benefits
Median annual stipends reported by psychiatry residents, in addition to base salary.
What Psychiatry Residents Say
Real insights from verified psychiatry residents about their training experience.
“Best part is work/life balance”
“Haven't started PGY 1 yet”
“First 3 years were time consuming, however last year is nice. Got to work in many different settings - outpatient, inpatient etc. Great work life balance.”
“The midlevel encroachment”
Psychiatry: Resident vs. Attending Salary
The salary jump from residency to attending is the largest increase in a physician’s career.
Psychiatry Resident Salary by State
Top-paying states for psychiatry residents based on verified submissions.
| State | Median Salary | Reports |
|---|---|---|
| New York | $105,000 | 2 |
| Massachusetts | $88,000 | 2 |
| Georgia | $82,000 | 2 |
| Alaska | $80,000 | 2 |
| Alabama | $78,000 | 4 |
| Pennsylvania | $70,000 | 2 |
| Florida | $66,000 | 3 |
| Arizona | $65,000 | 2 |
| Texas | $61,000 | 5 |
Psychiatry Residency Training
Training Length
4 years
Salary Progression
Resident salary increases ~$2,000–$3,000 per PGY year. After completing training, attending psychiatry physicians earn a median of $351,800.
Frequently Asked Questions: Psychiatry Residency Salary
How much do psychiatry residents make in 2026?
Psychiatry residents earn a median salary of $68,500 per year based on 39 verified submissions on SalaryDr. Salaries range from $50,000 to $119,400 depending on PGY level and location.
How long is psychiatry residency?
Psychiatry residency training is 4 years. Salary increases with each year of training, typically by $2,000–$3,000 per PGY level.
How much more do psychiatry attendings make compared to residents?
Psychiatry attending physicians earn a median of $351,800, which is 5.1x more than the median resident salary of $68,500. This gap represents the largest salary jump in a physician's career.
How much do psychiatry residents make moonlighting?
Based on 2 verified submissions, Psychiatry residents who moonlight earn a median of $39,000 per year in additional income, with a median hourly rate of $180/hr. 5% of psychiatry residents report moonlighting.
Are psychiatry residents satisfied with their specialty choice?
Psychiatry residents rate their career satisfaction at 3.6/5.0 on average. 100% say they would choose psychiatry again if given the choice. They work an average of 51 hours per week.
Explore More Psychiatry Data
Browse Residency Salaries by Specialty
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