The salary statistics of psychiatrists in the industry sector of health care and social assistance are shown in Table 1. In Table 2 we compare psychiatrists salaries in different industries within the health care and social assistance sector.
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $75,180 |
| 25th Percentile Wage | $147,810 |
| 50th Percentile Wage | $193,110 |
| 75th Percentile Wage | No Data |
| 90th Percentile Wage | No Data |
Table 1 shows the average annual salary for psychiatrists in the industry sector of health care and social assistance. The salaries are shown in 5 percentile scales. The median annual salary (50th percentile) is $193,110. The average annual salary of the 25th percentile is $147,810. The average annual salary for the bottom 10 percent paid psychiatrists is $75,180.
The table and chart below show the trend of the median salary of psychiatrists in the industry sector of health care and social assistance from 2012 to 2016. Note that there is no salary data for some years between 2012 and 2018.
| Year | Median Salary | Growth | 4-Year Growth |
|---|---|---|---|
| 2016 | $193,110 | 7.47% | 9.73% |
| 2014 | $178,690 | 0.01% | - |
| 2013 | $178,680 | 2.43% | - |
| 2012 | $174,330 | - | - |
The average salaries of psychiatrists in three industries in the health care and social assistance sector are shown below. We note that within this industry sector, the salaries vary among different industries. The highest paying industry for psychiatrists occupations is the nursing care facilities (skilled nursing facilities) industry with an annual salary $185,890. The lowest paying industry is the continuing care retirement communities and assisted living facilities for the elderly industry (annual salary $75,710). For detailed psychiatrists salary information in a particular industry, use the links provided below.
Data source: The national compensation survey conducted by the U.S. Bureau of Labor Statistics (BLS) in 2018 and published in April 2019 [1].