The annual salary statistics of psychiatrists in Balance of Lower Peninsula of Michigan nonmetropolitan area, Michigan is shown in Table 1. The wage data of psychiatrists in Balance of Lower Peninsula of Michigan nonmetropolitan area is 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 | $86,510 |
| 25th Percentile Wage | $91,430 |
| 50th Percentile Wage | $99,630 |
| 75th Percentile Wage | $185,270 |
| 90th Percentile Wage | $133,900 |
Table 1 shows the average annual salary for psychiatrists in Balance of Lower Peninsula of Michigan nonmetropolitan area, Michigan in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $133,900. The median (50th percentile) annual salary is $99,630. The average annual salary for the bottom 10 percent earners is $86,510.
The table and chart below show the trend of the median salary of psychiatrists from 2012 to 2017.
| Year | Median Salary | Yearly Growth | 5-Year Growth |
|---|---|---|---|
| 2017 | $99,630 | -15.06% | -15.06% |
| 2016 | $114,630 | 2.36% | - |
| 2015 | $111,930 | -3.73% | - |
| 2014 | $116,100 | 1.27% | - |
| 2012 | $114,630 | - | - |
From Table 3 we note that with a median annual salary of $99,630, Balance of Lower Peninsula of Michigan nonmetropolitan area is the lowest paying city for psychiatrists in state of Michigan, following city of Grand Rapids-Wyoming (median annual salary of $205,210). Compared with the highest paying city Grand Rapids-Wyoming, the median annual salary of psychiatrists in Balance of Lower Peninsula of Michigan nonmetropolitan area is 51.4 percent (51.4%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Grand Rapids-Wyoming | |
| Detroit-Warren-Livonia | |
| Ann Arbor | |
| Lansing-East Lansing | |
| Detroit-Livonia-Dearborn | |
| Warren-Troy-Farmington Hills | |
| Balance of Lower Peninsula of Michigan nonmetropolitan area |