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As of August 01, 2026, the average salary for a Psychiatric Physician in Michigan is $289,853 per year, which breaks down to an hourly rate of $139.
However, a Psychiatric Physician's salary can vary significantly. Here’s a look at the typical salary range:
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Psychiatric Physician Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $320,060 | $26,672 | $6,155 | $154 |
| Average | $289,853 | $24,154 | $5,574 | $139 |
| 25th Percentile | $272,254 | $22,688 | $5,236 | $131 |
FSC, Inc - Southgate, MI
FSC, Inc - Livonia, MI
VitalCore Health Strategies Careers - Ionia, MI
VitalCore Health Strategies - Ionia, MI
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 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 | $280,825 |
| Intermediate Level Psychiatric Physician | $282,086 |
| Senior Level Psychiatric Physician | $283,347 |
| Specialist Level Psychiatric Physician | $285,111 |
| Expert Level Psychiatric Physician | $289,854 |
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:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
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 | $318,839 | $153.0 | 10% |
| Pharmaceuticals | $318,839 | $153.0 | 10% |
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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $320,060 | $26,672 | $6,155 | $154 |
| Average | $289,853 | $24,154 | $5,574 | $139 |
| 25th Percentile | $272,254 | $22,688 | $5,236 | $131 |
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.
Fcs Co
Novi, MI
Fcs Co | Novi, MI
Adult Psychiatrist New. A full-time psychiatrist is needed in Novi, MI. You will be part of an interdisciplinary team to provide psychiatric services and t... more
7 Days Ago
Britt Medical Search LLC Defunct
Battle Creek, MI
Britt Medical Search LLC Defunct | Battle Creek, MI
Hospital employed BE/BC Psychiatry position joining 1 C&A Psychiatrist and 2 APPs in a desirable family oriented SW Michigan metro area with 65,000 populat... more
7 Days Ago
Fcs Co
Port Huron, MI
Fcs Co | Port Huron, MI
Full time locum tenens BC psychiatrist position located in beautiful eastern Michigan. This area has abundant attractions, high standard of living and it's... more
7 Days Ago
MOONLIGHT MEDICAL, LLC
Hillsdale, MI
MOONLIGHT MEDICAL, LLC | Hillsdale, MI
Independent Medical Consultant Opportunity:Maximize Your Earnings and Flexibility Are you a licensed physician looking for a flexible and highly compensate... more
7 Days Ago
Fcs Co
Kalamazoo, MI
Fcs Co | Kalamazoo, MI
Looking for a BC psychiatrist to join us in beautiful SW Michigan. This locum tenens position will be working in the inpatient adult/geriatric population w... more
7 Days Ago
LifeStance Health
Grand Rapids, MI
LifeStance Health | Grand Rapids, MI
Job Description What we offer Psychiatrists Up to $25,000 in production incentive bonuses a year Flexible work schedules. Full-time and part-time (20 hours... more
7 Days Ago
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