Source: SalaryDr salary data for Private Practice Psychiatry (N=22 approved reports). URL: https://www.salarydr.com
Last updated: | Based on 22 approved salary reports
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 $360,000 per year as of November 2026, based on 22 approved physician salary reports on SalaryDr. The average salary is $372,413.
- Median Salary
- $360,000
- Average Salary
- $372,413
- 25th Percentile
- $300,000
- 75th Percentile
- $400,000
Median
$360,000
Average
$372,413
25th
$300,000
75th
$400,000
Based on 22 physician salaries
25thMiddle 50%75th
$300K$400K
Salary Distribution
$300K$300,000 – $450K$450,00025th
$300K$300,000
Median
$360K$360,000
75th
$400K$400,000
Avg
Middle 50% earn
$300K$300,000 – $400K$400,000
Median salary
$360K$360,000
Average salary
$372K$372,413
Percentiles
25th$300,000
75th$400,000
Breakdown
Monthly$30,000
Hourly$173
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.
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