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As of August 01, 2026, the average salary for a Psychiatric Physician in New Jersey is $319,021 per year, which breaks down to an hourly rate of $153.
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 | $352,268 | $29,356 | $6,774 | $169 |
| Average | $319,021 | $26,585 | $6,135 | $153 |
| 25th Percentile | $299,651 | $24,971 | $5,763 | $144 |
ICON Medical Network - Burlington, NJ
Alina TeleHealth - Newark, NJ
DocStar Medical Partners LLC - Somerville, NJ
MedSource Consultants - Livingston, NJ
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 | $309,085 |
| Intermediate Level Psychiatric Physician | $310,472 |
| Senior Level Psychiatric Physician | $311,860 |
| Specialist Level Psychiatric Physician | $313,802 |
| Expert Level Psychiatric Physician | $319,022 |
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 | $350,923 | $169.0 | 10% |
| Pharmaceuticals | $350,923 | $169.0 | 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 | $352,268 | $29,356 | $6,774 | $169 |
| Average | $319,021 | $26,585 | $6,135 | $153 |
| 25th Percentile | $299,651 | $24,971 | $5,763 | $144 |
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.
Tandym Health
Belleville, NJ
Tandym Health | Belleville, NJ
A New Jersey-based healthcare organization is currently seeking a licensed Psychiatrist to provide critical inpatient care within a behavioral health setti... more
5 Days Ago
MedSource Consultants
Florham Park, NJ
MedSource Consultants | Florham Park, NJ
This very successful practice is ready to expand once more. Recognizing the growing demand for top quality care, this practice is ready to add another Psyc... more
5 Days Ago
Jackson & Coker
Lumberton, NJ
Jackson & Coker | Lumberton, NJ
Full-Time Inpatient Psychiatrist New JerseyDetails/Requirements:Monday-FridayASAP- initial 6 month assignment with possibility to extendNo Call no weekends... more
5 Days Ago
Fcs Co
Washington, NJ
Fcs Co | Washington, NJ
BRAND NEW OPENING Full time Psychiatrist needed in the Washington, NJ area. 35 hours per week Scheduling interviews now, please call me today Very well est... more
5 Days Ago
Concord Physicians Solutions
Somerville, NJ
Concord Physicians Solutions | Somerville, NJ
Psychiatrist Locum TenensLocation: Somerville, NJStart Date: February 23, 2026Duration: Through August 23, 2026Schedule: Monday FridayDay Shift:8:00 AM 5:0... more
5 Days Ago
Concord Physicians Solutions
Newark, NJ
Concord Physicians Solutions | Newark, NJ
Location: Newark, NJCoverage Type: Locum TenensAssignment DetailsStart Date: ASAPDuration: 6 monthsSpecialty: PsychiatrySetting: Outpatient / Partial Care ... more
5 Days Ago
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