How much does a private practice psychiatrist make in 2026?

A private practice psychiatrist (in a private or group practice) earns a median salary of $365,000 per year, based on 18 verified physician submissions on SalaryDr.

What is the salary range for psychiatrists in a private or group practice?

Psychiatrists in a private or group practice earn between $350,000 (25th percentile) and $485,000 (75th percentile), with a median of $365,000.

Source: SalaryDr salary data for Private Practice Psychiatry (N=18 verified submissions, updated July 18, 2026, data as of 2026-07-18). URL: https://www.salarydr.com

Last updated: July 18, 2026 | Based on 18 verified submissions

Private Practice Psychiatrist Salary (2026)

At a Glance: Private Practice Psychiatrist Salary (in a private or group practice)

The median private practice psychiatrist salary (in a private or group practice) is $365,000 per year as of July 2026, based on 18 verified physician submissions on SalaryDr. The average salary is $392,722.

Median Salary: $365,000
Average Salary: $392,722
25th Percentile: $350,000
75th Percentile: $485,000

Source: SalaryDr Physician Salary Database, updated July 18, 2026

Median

$365,000

Average

$392,722

25th

$350,000

75th

$485,000

Based on 18 physician salaries

Salary Distribution

$350K$350,000 – $553K$552,500

25th

$350K$350,000

Median

$365K$365,000

75th

$485K$485,000

Avg

Middle 50% earn

$350K$350,000 – $485K$485,000

Median salary

$365K$365,000

Average salary

$393K$392,722

Salary Range

Minimum$350,000

Maximum$600,000

Percentiles

25th$350,000

75th$485,000

Breakdown

Monthly$30,417

Hourly$175

How Private Practice Pay Compares

This data shows compensation for psychiatrists in a private or group practice. Salary varies by practice setting — view all practice settings on the Psychiatry salary page.

Hospital Employed Private Practice Academic Government/VA

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Share your compensation anonymously to help colleagues across all practice settings make informed decisions.

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Source: SalaryDr salary data for Private Practice Psychiatry (N=18 verified submissions, updated July 18, 2026, data as of 2026-07-18). URL: https://www.salarydr.com

Last updated: July 18, 2026 | Based on 18 verified submissions

Private Practice Psychiatrist Salary (2026)

At a Glance: Private Practice Psychiatrist Salary (in a private or group practice)

Median Salary: $365,000
Average Salary: $392,722
25th Percentile: $350,000
75th Percentile: $485,000

Source: SalaryDr Physician Salary Database, updated July 18, 2026

Median

$365,000

Average

$392,722

25th

$350,000

75th

$485,000

Based on 18 physician salaries

Salary Distribution

$350K$350,000 – $553K$552,500

25th

$350K$350,000

Median

$365K$365,000

75th

$485K$485,000

Avg

Middle 50% earn

$350K$350,000 – $485K$485,000

Median salary

$365K$365,000

Average salary

$393K$392,722

Salary Range

Minimum$350,000

Maximum$600,000

Percentiles

25th$350,000

75th$485,000

Breakdown

Monthly$30,417

Hourly$175

How Private Practice Pay Compares

This data shows compensation for psychiatrists in a private or group practice. Salary varies by practice setting — view all practice settings on the Psychiatry salary page.

Hospital Employed Private Practice Academic Government/VA

Explore More

Help Improve Private Practice Salary Data

Share your compensation anonymously to help colleagues across all practice settings make informed decisions.

Submit Your Salary