The annual salary statistics of psychiatrists in Warren-Troy-Farmington Hills, Michigan is shown in Table 1. The wage information of psychiatrists in Warren-Troy-Farmington Hills 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 | $106,540 |
| 25th Percentile Wage | $112,000 |
| 50th Percentile Wage | $121,090 |
| 75th Percentile Wage | $129,790 |
| 90th Percentile Wage | No Data |
Table 1 shows the average annual salary for psychiatrists in Warren-Troy-Farmington Hills, Michigan in 5 percentile scales. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) is $129,790. The median (50th percentile) annual salary is $121,090. The average annual salary for the bottom 10 percent earners is $106,540.
The table and chart below show the trend of the median salary of psychiatrists from 2012 to 2014. Note that there is no salary data for some years between 2012 and 2022.
| Year | Median Salary | Growth | 1-Year Growth |
|---|---|---|---|
| 2014 | $121,090 | -53.97% | -53.97% |
| 2013 | $186,440 | - | - |
From Table 3 we note that the median annual salary of $121,090 in Warren-Troy-Farmington Hills is in the middle of salary range for psychiatrists in state of Michigan. In comparison, the annual salary of psychiatrists in Warren-Troy-Farmington Hills is 41.0 percent (41.0%) lower than that in the highest paying Grand Rapids-Wyoming and 17.7 percent (17.7%) higher than that in the lowest paying Balance of Lower Peninsula of Michigan nonmetropolitan area.
| 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 |