The annual salary statistics of psychiatrists in Albany-Schenectady-Troy, New York is shown in Table 1. The wage data of psychiatrists in Albany-Schenectady-Troy 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 | $89,210 |
| 25th Percentile Wage | $154,020 |
| 50th Percentile Wage | $193,360 |
| 75th Percentile Wage | No Data |
| 90th Percentile Wage | No Data |
Table 1 shows the average annual salary for psychiatrists in Albany-Schenectady-Troy, New York in 5 percentile scales. The median (50th percentile) annual salary is $193,360. The average annual salary of the 25th percentile is $154,020. The average annual salary for the bottom 10 percent earners is $89,210.
The table and chart below show the trend of the median salary of psychiatrists from 2012 to 2018. Note that there is no salary data for some years between 2012 and 2022.
| Year | Median Salary | Growth | 2-Year Growth |
|---|---|---|---|
| 2018 | $193,360 | 2.70% | 5.03% |
| 2017 | $188,130 | 2.39% | - |
| 2016 | $183,630 | - | - |
From Table 3 we note that the median annual salary of $193,360 in Albany-Schenectady-Troy is in the middle of salary range for psychiatrists in state of New York. In comparison, the annual salary of psychiatrists in Albany-Schenectady-Troy is 4.7 percent (4.7%) lower than that in the highest paying Rochester and 18.3 percent (18.3%) higher than that in the lowest paying New York-White Plains-Wayne.
| Cities/Areas | Median Annual Salary |
|---|---|
| Rochester | |
| Syracuse | |
| New York-Northern New Jersey-Long Island | |
| Buffalo-Niagara Falls | |
| Central New York nonmetropolitan area | |
| Albany-Schenectady-Troy | |
| Kingston | |
| Binghamton | |
| Poughkeepsie-Newburgh-Middletown | |
| Utica-Rome | |
| Nassau-Suffolk | |
| Elmira | |
| New York-White Plains-Wayne |