As of July 01, 2026, the average salary for a Psychiatric Physician in the United States is $294,236 per year, which breaks down to an hourly rate of $141.
However, a Psychiatric Physician's salary can vary significantly. Here’s a look at the typical salary range:
Compensation Planning
Develop a Job Description
Pay Equity
2026 Compensation Trend
AI-Powered HR
Recruit with AI
A Psychiatric Physician's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, education and company size can directly affect your earning potential.
Experience is a primary driver of a Psychiatric Physician's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Levels | Salary |
|---|---|
| Entry Level Psychiatric Physician | $284,927 |
| Intermediate Level Psychiatric Physician | $286,237 |
| Senior Level Psychiatric Physician | $287,547 |
| Specialist Level Psychiatric Physician | $289,381 |
| Expert Level Psychiatric Physician | $294,236 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Psychiatric Physicians. For example, consider the average annual salaries in these key locations:
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Scheduling | 5.26% |
| Case Management | 3.48% |
| CPR | 2.24% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Healthcare Services
|
$317,775 |
8%
|
|
Medication Management
|
$314,833 |
7%
|
|
Collaboration
|
$308,948 |
5%
|
|
Psychiatric
|
$306,005 |
4%
|
|
Communication Skills
|
$300,121 |
2%
|
|
Clinical Services
|
$300,121 |
2%
|
For Psychiatric Physician roles, the industry you choose can affect earning potential by as much as 30% (the gap between the highest and lowest paying industries). Data shows that the Edu., Gov't. & Nonprofit and Pharmaceuticals sectors offer the strongest compensation, at 10% above the average. In contrast, Psychiatric Physician positions in Biotechnology or Healthcare typically offer lower base pay, as these industries often view Psychiatric Physician as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Edu., Gov't. & Nonprofit | $323,660 | $156.0 | 10% |
| Pharmaceuticals | $323,660 | $156.0 | 10% |
Your level of education can impact your salary potential. While many Psychiatric Physicians enter the field with a JD, MD, PhD or Equivalent degree, higher education can lead to more specialized and higher-paying roles.
According to our 100% employer-reported salary data, the median salary for a Psychiatric Physician with a JD, MD, PhD or Equivalent is between $250,405 and $266,352).
Psychiatric Physician Salaries by Degree Level
| Degree Level | % of user with this level of education |
|---|---|
| No Diploma | 0.5% |
| High School | 2.3% |
| Associates | 1.6% |
| Bachelors | 4.2% |
| Masters | 5.7% |
| Doctorate | 85.6% |
Understanding how a Psychiatric Physician's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on July 01, 2026Salaries for a Psychiatric Physician can change over time, reflecting shifts in market demand and the overall economy. The median salary decreased from $229,487 in 2023 to around $224,340 in 2025, reflecting changes in demand, location, experience, and the wider economy. For a detailed analysis of Psychiatric Physician salary trends, .
| Year | Average Annual Salary |
|---|---|
| 2022 |
View More
|
| 2023 | $229,487 |
| 2024 | $234,939 |
| 2025 | $224,340 |
| 2026 |
View More
|
| 2027 |
View More
|
If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution.
Compensation PlanningHere are companies hiring for Psychiatric Physician and their salaries, click below for more details.
Ready to take the next step in your career? Browse thousands of current Psychiatric Physician job openings on our job board. Use the search bar below to find your perfect match.
Get a Salary Increase
Analyze the market and your qualifications to negotiate your salary with confidence.
Search Job Openings
Search thousands of open positions to find your next opportunity.
Adjust Employee Salary
Individualize employee pay based on unique job requirements and personal qualifications.
Price My Industry Jobs
Get the latest market price for benchmark jobs and jobs in your industry.
Salary.com provides salary estimates, histograms, trends, and comparisons using data from employer job postings and third-party sources.
We offer detailed salary information across multiple percentiles for your reference. (Click here to learn Why the Salary Midpoint Formula Is Crucial for Achieving Pay Equity.)
With the most extensive online, real-time compensation data available, Salary.com helps you pinpoint your exact pay target.
Salary.com's CompAnalyst platform offers:
