Psychiatrist Salary Calculator

1. Choose annual salary or hourly rate, the way your contract states base pay.
2. Enter your base pay, your hours per week and your weeks per year. Add other annual pay or a second offer if you have them.
3. Read your annual gross pay, the pay-period amounts and where your hourly pay sits in the BLS wage table.

What each result tells you:

The first preset is an example, not a typical wage. It shows a psychiatrist on a $290,000 salary who works 40 hours a week for 48 weeks. That is $151.04 an hour, about the 60th percentile.

A psychiatrist salary is the gross pay an employed psychiatrist earns in a year, before tax and deductions. BLS counts it under occupation code 29-1223, Psychiatrists.

BLS calls psychiatrists primary mental health physicians. They diagnose and treat mental illnesses through psychotherapy, psychoanalysis, hospitalization and medication.

These facts come from the BLS Occupational Outlook Handbook and the OEWS wage survey, read on 2026-10-02. BLS links the growth to rising demand for psychiatric care and better access to mental health services.

Who the Wage Table Leaves Out

The BLS wage survey covers employees only. It does not cover self-employed psychiatrists or owners and partners of unincorporated practices. A psychiatrist in solo private practice is not in the table. That is one reason the 30,000 job count is larger than the 27,980 in the wage survey.

A psychiatrist is a physician. Counselors, marriage and family therapists and psychologists have their own BLS codes, covered by the therapist salary calculator.

The calculator converts your pay between time periods, then places your hourly pay in the BLS wage distribution for psychiatrists.

1. Convert. An hourly rate is multiplied by hours and weeks. A salary is divided by them to get pay per hour.
2. Add other pay. Overtime, differentials and bonuses you typed are added to the annual total only.
3. Find the band. Your base hourly pay is checked against the 10th, 25th, 50th, 75th and 90th percentile wages. Your annual base pay gets the same check against annual wages.
4. Interpolate. W1 and W2 are the two BLS wages around your pay. P1 and P2 are their percentiles.
5. Measure the gap. Your hourly pay minus the median, then divided by the median.

The table below is the full BLS wage table for psychiatrists that the tool uses.

Source: BLS OEWS, national estimates, May 2025. Read on 2026-10-02.

BLS annual wages equal the hourly wage times 2,080 hours. That is 40 hours for 52 weeks. The comparison uses hourly pay so that part-time and long-shift schedules are judged fairly.

A psychiatrist takes an outpatient clinic contract at $165 an hour. She is paid for 32 hours a week and 46 weeks a year. A second clinic offers $180 an hour for the same schedule.

Her hourly rate is well above the median of $135.51, at about the 69th percentile. Her yearly pay tells a different story. She is paid for 1,472 hours, 608 fewer than the 2,080 behind BLS annual wages. Her $242,880 a year sits at about the 42nd percentile of annual wages, below the $281,870 median. The second offer adds $22,080.00 a year.

Paid Hours

Paid hours decide whether a high rate becomes a high income. At $165 an hour, 1,472 paid hours give $242,880 and 2,080 hours give $343,200.

Industry

No single industry employs most psychiatrists. Offices of physicians, the largest, employ 31.0% of those in the survey.

The industries with the highest employment of psychiatrists that BLS lists. Source: BLS OEWS, May 2025. Read on 2026-10-02.

The highest mean wages are in smaller industries.

The five industries with the highest annual mean wage for psychiatrists. Source: BLS OEWS, May 2025. Read on 2026-10-02.

Local government pays a mean of $339,990, with a relative standard error of only 1.4%. That makes it the most stable figure in the list.

State

Missouri has the highest annual mean wage for psychiatrists at $345,860. Its estimate has a 24.0% relative standard error, so the true figure is uncertain.

The states with the highest annual mean wage for psychiatrists. Source: BLS OEWS, May 2025. Read on 2026-10-02.

California employs the most psychiatrists, 5,420, and New York follows with 4,130.

A Mean Below the Median

The mean wage, $269,940, is $11,930 below the median. A long low tail pulls the average down. The 10th percentile is $84,060 and the 25th is $154,150. BLS does not say which jobs make up that tail, and this page does not guess.

Psychiatrists earn slightly more than the median for all physicians and surgeons. All figures are May 2025 medians from the Occupational Outlook Handbook, read on 2026-10-02.

The psychiatrist median is $5,940 above the all-physician median. Of the 17 physician occupations BLS lists, 11 have a higher median and 5 have a lower one.

Growth sets psychiatry apart more than pay does. BLS projects 7% growth for psychiatrists against 4% for all physicians and surgeons.

Pricing an Hourly Contract

Choose hourly and enter the hours and weeks you are paid for. The annual figure shows what the contract is worth over a year.

Comparing a Salary with an Hourly Offer

Run the tool once for each. Compare the two hourly figures, since each rests on its own schedule. The salary to hourly calculator converts a single figure quickly.

Checking a Public Sector Salary

Enter the posted salary and the standard week. The band shows the post against employed psychiatrists nationwide.

Moving into Private Practice

Practice profit is not a wage. Use the BLS table as an employee benchmark, then estimate the tax on self-employed income with the self-employment tax calculator.

1. Annualising an Hourly Rate at 2,080 Hours

A contract rarely pays for 52 weeks of 40 hours. At $165 an hour, the gap between 2,080 hours and 1,472 paid hours is $100,320 a year.

2. Using the Mean as the Typical Wage

For psychiatrists the mean, $269,940, is below the median, $281,870. Half of employed psychiatrists earn more than the median.

3. Comparing Private Practice Income with Wages

The survey leaves out self-employed psychiatrists. Fees collected in a solo practice are not in the table.

4. Expecting a Subspecialty Figure

BLS has one wage table for all psychiatrists. It has no child, forensic, geriatric or addiction psychiatry table.

5. Trusting the Top State Figure

The Missouri mean has a 24.0% relative standard error. It is a weak guide to a single offer.

6. Reading Gross Pay as Take-Home Pay

Every figure here is before tax. The gross vs net income guide explains what comes out.

The conversion is exact arithmetic. The percentile is an estimate, because BLS publishes only five points of the wage distribution.

BLS wages are straight-time gross pay. They exclude overtime pay, shift differentials and nonproduction bonuses. Keep those in the other annual pay field so the comparison stays like for like.

Employed psychiatrists had a median annual wage of $281,870 in May 2025, according to BLS. The mean was $269,940. The middle half earned between $154,150 and $362,740.

The median hourly wage for psychiatrists was $135.51 in May 2025. The 75th percentile was $174.39 and the 90th was $214.67.

The highest 10 percent of employed psychiatrists earned more than $446,520 a year in May 2025. That is $164,650 above the median.

The low end of the range is far below the middle. The 10th percentile is $84,060, which pulls the mean of $269,940 under the median of $281,870.

Only those paid as employees. The wage survey leaves out the self-employed and owners and partners of unincorporated firms.

Other ambulatory health care services pay the highest annual mean wage, $340,800. Local government follows at $339,990.

Missouri had the highest annual mean wage, $345,860, in May 2025. Minnesota, Florida, Louisiana and California were the next four.

Yes. BLS projects 7 percent growth from 2025 to 2035, from 30,000 to 32,100 jobs. It projects 4 percent for all physicians and surgeons.

This page holds wage data for psychiatrists only, a median of $281,870. Psychologists are a separate occupation with their own BLS wage table and a different degree path.

BLS counted 27,980 employed psychiatrists in its May 2025 wage survey. Its projections count 30,000 jobs in 2025, a figure that includes the self-employed.

No. The calculation runs in your browser. Nothing is sent to a server. The Save button stores a result only on your own device.

• BLS OEWS Profiles, May 2025 national estimates (U.S. Bureau of Labor Statistics. Select 29-1223 Psychiatrists. Read 2026-10-02.)
• BLS Occupational Outlook Handbook: Physicians and Surgeons (U.S. Bureau of Labor Statistics. Duties, training, median pay by specialty and 2025 to 2035 outlook. Read 2026-10-02.)
• BLS technical notes for the May 2025 OEWS estimates (U.S. Bureau of Labor Statistics. Defines the wage: straight-time gross pay, 2,080-hour year. Read 2026-10-02.)
• BLS OEWS frequently asked questions (U.S. Bureau of Labor Statistics. Who the survey covers, and the $239,200 reporting limit and its change in May 2025. Read 2026-10-02.)