The annual salary statistics of psychiatrists in Raleigh-Cary, North Carolina is shown in Table 1. The wage statistics of psychiatrists in Raleigh-Cary 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 | $75,540 |
| 25th Percentile Wage | $179,720 |
| 50th Percentile Wage | $200,880 |
| 75th Percentile Wage | $199,820 |
| 90th Percentile Wage | No Data |
Table 1 shows the average annual salary for psychiatrists in Raleigh-Cary, North Carolina in 5 percentile scales. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) is $199,820. The median (50th percentile) annual salary is $200,880. The average annual salary for the bottom 10 percent earners is $75,540.
The table and chart below show the trend of the median salary of psychiatrists from 2012 to 2017. Note that there is no salary data for some years between 2012 and 2022.
| Year | Median Salary | Growth | 5-Year Growth |
|---|---|---|---|
| 2017 | $200,880 | 5.76% | 5.76% |
| 2016 | $189,310 | 0.00% | - |
| 2012 | $189,310 | - | - |
From Table 3 we note that with a median annual salary of $200,880, Raleigh-Cary is the second highest paying city for psychiatrists in state of North Carolina, following the highest paying city Hickory-Lenoir-Morganton (median annual salary of $205,320). Compared with Hickory-Lenoir-Morganton, the median annual salary of psychiatrists in Raleigh-Cary is 2.2 percent (2.2%) lower.
| Cities/Areas | Median Annual Salary |
|---|---|
| Hickory-Lenoir-Morganton | |
| Raleigh-Cary | |
| Western Central North Carolina nonmetropolitan area | |
| Other North Carolina nonmetropolitan area | |
| Greensboro-High Point | |
| Asheville | |
| Durham-Chapel Hill | |
| Winston-Salem |