According to SalaryDr data from 74 verified psychiatry physicians, the median total compensation for Psychiatry in 2026 is $360,000. The 25th percentile is $340,000 and the 75th percentile is $395,000. Base salary: $315,209. Bonuses: $66,986 (18% receive). Satisfaction: 4.0/5. Workload: ~40 hrs/week. Source: https://www.salarydr.com/specialty/psychiatry Sample size: 74. Last updated: March 10, 2026.
The median psychiatrist salary in the United States is $360,000 per year as of March 2026, based on 74 verified physician submissions on SalaryDr. The average psychiatrist salary is $382,196, with the 25th percentile at $340,000 and the 75th percentile at $395,000.
$360,000
$382,196
$340,000
$395,000
Go beyond salary data. Discover real physician experiences, work-life balance insights, and what Psychiatry doctors love (and would change) about their specialty.
Explore psychiatry salary data across different states. Click on any state to view detailed compensation information for that location.
Planning your career path? Check out our comprehensive physician salary benchmarks to see how compensation compares across different specialties and regions.
View Physician BenchmarksShare your salary anonymously and help build the most accurate psychiatry compensation database. It takes less than 2 minutes.
Based on verified submissions from psychiatrists across the U.S., the average total compensation in 2026 is $382,196, with most reporting between $340,000 and $395,000. SalaryDr aggregates real physician data — not surveys — to show what psychiatrists truly earn today.
Comprehensive psychiatrist salary information and career insights.
Explore psychiatrist salaries by location: California, Texas, New York, or view all locations.
Comprehensive psychiatrist salary information and career insights.
Comprehensive psychiatrist salary information and career insights.
Comprehensive psychiatrist salary information and career insights.
| Practice Type | Average Salary | Sample Size |
|---|
| Years of Experience |
|---|
Distribution based on 74 verified physician salary submissions.
Median Salary: $360,000
Average satisfaction rating reported by Psychiatry physicians (1-5 scale).
Percentage of Psychiatry physicians who would choose this specialty again.
Physicians cite the variety of cases and patient relationships as most rewarding aspects of this specialty.
On-call demands, administrative burden, and work-life balance are cited as the top challenges.
Average Salary
$382,196
Median Salary
$360,000
Salary Range
$340,000 - $395,000
National Average
$382,196
Difference
+0% vs National Average
Sample Size
74 local / 74 national reports
Average Salary: $400,000
Based on 150 reports
Average Salary: $380,000
Based on 120 reports
Average Salary: $350,000
Based on 100 reports
Average Salary: $340,000
Based on 90 reports
Average Salary: $360,000
Based on 80 reports
Average Salary: $370,000
Based on 70 reports
* Showing locations with the most reported salaries.
* Some locations may be omitted if they have fewer than 3 reports.
Get answers to the most common questions about physician salaries in Psychiatry.
Data Source: All salary information is based on verified submissions from practicing physicians and is updated regularly to reflect current market conditions.
Step-by-step guide to negotiating a competitive Psychiatry salary with confidence and data-driven strategies.
Research current Psychiatry salary data using verified sources like SalaryDr, MGMA, and local market reports. Document the median, 25th, and 75th percentile ranges for your specialty and experience level.
Learn more →Create a comprehensive list of your qualifications, certifications, years of experience, patient outcomes, and any unique skills or subspecialty training. Quantify your contributions with specific metrics where possible.
Look beyond base salary to include benefits, bonuses, CME allowances, malpractice insurance, retirement contributions, and other perks. Calculate the total compensation value to make informed comparisons.
Develop three negotiation scenarios: your minimum acceptable offer, target salary, and ideal compensation package. Be prepared to discuss trade-offs between salary and benefits.
Rehearse your negotiation conversation focusing on your value to the organization, market data, and specific reasons for your salary request. Practice addressing common objections professionally.
Request a formal meeting with decision-makers. Present your research professionally, emphasize your value, and be prepared to negotiate on multiple aspects of the compensation package.
Professional Tip: This guide provides general recommendations. Always consult with career advisors, mentors, and legal professionals for personalized advice specific to your situation.
The average psychiatrist salary in 2026 is $382,196, with a median of $360,000. Most psychiatrists earn between $340,000 and $395,000, with top performers earning up to $800,525 annually.
Private practice psychiatrists often earn higher compensation than their employed counterparts, with potential for profit sharing and productivity bonuses. However, employed positions may offer more stable schedules and comprehensive benefits packages.
Comprehensive information about psychiatrist compensation and career opportunities.
States with the highest psychiatrist salaries typically include California, New York, Texas, and Florida. These states offer higher compensation due to increased demand, higher costs of living, and competitive markets for medical professionals.
Comprehensive information about psychiatrist compensation and career opportunities.
We need more Psychiatry physician in United States salary submissions to provide accurate insights. Your data helps colleagues make informed career decisions.
Comprehensive psychiatrist salary information and career insights.
Comprehensive psychiatrist salary information and career insights.
| Independent / Contract-Based | $500,842 | 3 submissions |
| Private Practice | $407,786 | 14 submissions |
| Hospital-employed | $379,933 | 30 submissions |
| Academic | $346,462 | 26 submissions |
* Practice types with fewer than 3 submissions may be omitted for privacy.
| Average Salary |
|---|
| Sample Size |
|---|
| 0-2 years | $392,625 | 8 submissions |
| 3-5 years | $386,781 | 16 submissions |
| 6-10 years | $376,771 | 35 submissions |
| 11-15 years | $378,333 | 9 submissions |
| 16+ years | $393,500 | 6 submissions |
* Experience levels with fewer than 3 submissions may be omitted for privacy.
| Subspecialty | Average Salary | Sample Size | Description |
|---|---|---|---|
| Child | $372,333 | 15 submissions | Focuses on specialized child procedures and treatments within psychiatry, providing expert care in this specific area. |
| Forensic | $362,333 | 15 submissions | Focuses on specialized forensic procedures and treatments within psychiatry, providing expert care in this specific area. |
| Geriatric | $353,800 | 5 submissions | Focuses on specialized geriatric procedures and treatments within psychiatry, providing expert care in this specific area. |
| Addiction | $350,556 | 9 submissions | Focuses on specialized addiction procedures and treatments within psychiatry, providing expert care in this specific area. |
* Subspecialties with fewer than 3 submissions may be omitted for privacy.
* Data is aggregated from verified physician submissions.