Psychologists Salary Information

The salary statistics of psychologists are shown in Table 1. The average hourly salary of psychologists in the United States is shown in Table 2. In the next few tables we compare the average salaries of psychologists within different industry sectors and in the 50 states of the United States. The psychologists annual salary statistics are from the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2016 and published in April 2017 [1].

Table 1. Psychologists Salary in the United States

Percentile BracketAverage Annual Salary
10th Percentile Wage
$41,890
25th Percentile Wage
$55,580
50th Percentile Wage
$75,230
75th Percentile Wage
$98,590
90th Percentile Wage
$121,610

Table 1 shows the average annual salary for psychologists. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) psychologists is $121,610. The median annual salary (50th percentile) is $75,230. The average annual salary for the bottom 10 percent is $41,890. Note that in the United States, the annual salary of the 90th percentile (the top 10 percent of the highest paid) is almost 190% higher than that of the bottom 10 percent.

Salary Trend (2012 to 2016)

The following table and chart show the trend of the median salary of psychologists from 2012 to 2016.

YearMedian SalaryYearly Growth4-Year Growth
201675,2303.52%7.91%
201572,5802.59%-
201470,7001.70%-
201369,5000.32%-
201269,280--

Table 2. Psychologists Salary by Industry Sector

The average salaries of psychologists in 8 major industry sectors are shown in Table 2. We note that the salaries vary considerably within different industry sectors. The highest paying industry sector for psychologists occupations is the manufacturing sector with an annual salary $110,400. The lowest paying sector is the other services (except federal, state, and local government) sector (annual salary $38,900).

Industry Sector Median Annual Salary
Manufacturing
$110,400
Federal, State, and Local Government
$92,880
Professional, Scientific, and Technical Services
$79,340
Management of Companies and Enterprises
$79,040
Health Care and Social Assistance
$74,640
Educational Services
$71,790
Finance and Insurance
$71,720
Other Services (except Federal, State, and Local Government)
$38,900


Related:

Highest paying industries for psychologists.