The average annual salaries for psychiatrists in the state of Arkansas are shown in Table 1. The comparison of the salary statistics of psychiatrists amongst Arkansas metropolitan areas is shown in Table 2. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile bracket | Average annual salary |
|---|---|
| 10th Percentile Wage | $57,380 |
| 25th Percentile Wage | $65,590 |
| 50th Percentile Wage | $91,830 |
| 75th Percentile Wage | $129,060 |
| 90th Percentile Wage | No Data |
Table 1 shows the average annual salary for psychiatrists in Arkansas in 5 percentile scales. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) is $129,060. The median (50th percentile) annual salary is $91,830. The average annual salary for the bottom 10 percent is $57,380.
The table and chart below show the trend of the median salary of psychiatrists from 2012 to 2018.
| Year | Median Salary | Yearly Growth | 6-Year Growth |
|---|---|---|---|
| 2018 | $91,830 | -11.18% | -74.96% |
| 2017 | $102,100 | 30.16% | - |
| 2016 | $71,310 | 16.04% | - |
| 2015 | $59,870 | -0.80% | - |
| 2014 | $60,350 | -17.88% | - |
| 2013 | $71,140 | -125.85% | - |
| 2012 | $160,670 | - | - |
Table 3 shows the median annual salary of psychiatrists in some Arkansas cities and metropolitan areas. We note that the median annual salary of psychiatrists in state of Arkansas ranges from $89,810 to $164,470. The highest paying area for psychiatrists in Arkansas is Little Rock-North Little Rock-Conway with a median annual salary of $164,470. The second highest paying city/area in Arkansas State is East Arkansas nonmetropolitan area (mean annual salary $112,060). The lowest paying area is Central Arkansas nonmetropolitan area with a median annual salary of $89,810.
| Cities/Areas | Median Annual Salary |
|---|---|
| Little Rock-North Little Rock-Conway | |
| East Arkansas nonmetropolitan area | |
| Central Arkansas nonmetropolitan area |