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The national median salary for Psychiatrists is $281,861 per year ($135.51/hr) according to the Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey, May 2025. The middle 50% of earners make between $154,149 and $362,731 annually. Top earners at the 90th percentile reach $446,514 per year. There are approximately 27,980 psychiatrists employed in the United States.
About This Role
BLS Standard Occupational Classification 2018
Diagnose, treat, and help prevent mental disorders.
Career Outlook
BLS Employment Projections · 2024-2034
10-year growth
+6.1%
Faster than average
Annual openings
900
per year, on avg
Workforce today
27K
as of 2024
Why those openings exist
19% from new growth81% from people leaving the role
Most openings come from replacement, not growth. Retention matters more than recruiting here.
Typical entry requirements
Education
Doctoral or professional degree
Experience
None
On-the-job training
Internship/residency
Industry Wage Breakdown
Top 5 industries by employment · median annual wage, sector-specific
Industry
Workforce
Median Pay
Offices of Physicians
NAICS 621100
9K
$299,670
General Medical and Surgical Hospitals
NAICS 622100
5K
$223,880
Outpatient Care Centers
NAICS 621400
3K
$297,400
Offices of Other Health Practitioners
NAICS 621300
2K
$198,730
Colleges, Universities, and Professional Schools
NAICS 611300
2K
$141,400
Wage range across top 5 industries: $141,400 to $299,670 (112% spread)
Wage Percentiles
Hourly & annualized (2,080 hours)
Percentile
Hourly Rate
Annual Salary
P10
$40.41
$84,053
P25
$74.11
$154,149
P50MEDIAN
$135.51
$281,861
P75
$174.39
$362,731
P90
$214.67
$446,514
Market Context Signal
JOLTS · health sector
Hot
Openings Rate
5.4%
Quits Rate
1.9%
Health Care & Social Assistance openings rebounded to 1.36M (+87K) in March with rate at 5.4%. Hires rose to 700K (+75K). The sector remains structurally tight; compensation pressure persists for clinical roles.
Frequently Asked Questions
What is the average psychiatrists salary?
The national median salary for Psychiatrists is $281,861 per year ($135.51/hr) according to BLS OEWS May 2025 data. The middle 50% earn between $154,149 and $362,731 annually.
How much do top-earning psychiatrists make?
The 90th percentile salary for Psychiatrists is $446,514 per year ($214.67/hr). The 75th percentile is $362,731 per year.
What is the entry-level salary for psychiatrists?
Entry-level Psychiatrists (10th percentile) earn approximately $84,053 per year ($40.41/hr). The 25th percentile is $154,149 per year.
Wage figures on this page come from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment & Wage Statistics (OEWS) survey, May 2025 release. OEWS surveys roughly 1.1 million establishments annually. It is the most comprehensive employer-reported wage dataset in the United States.
P10 through P90 percentiles represent the wage distribution across all surveyed employers (not self-reported by workers). Geographic adjustments use BLS-derived cost multipliers calibrated from regional wage variation.
Wages are estimates. Individual compensation depends on experience, education, employer size, industry, and negotiation. Use this as benchmark context, not absolute ground truth.
CompSignal is a free labor market intelligence tool built for HR, compensation, and talent acquisition teams. We make BLS data, the same primary source Mercer and Radford cross-reference in their paid surveys, searchable and actionable without an enterprise subscription.
Built and maintained by Falcon Incentives, a compensation strategy and incentive design consultancy.