The annual salary statistics of psychiatrists in Binghamton, New York is shown in Table 1. The wage information of psychiatrists in Binghamton 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 | $93,530 |
| 25th Percentile Wage | $142,070 |
| 50th Percentile Wage | $173,930 |
| 75th Percentile Wage | $202,000 |
| 90th Percentile Wage | No Data |
Table 1 shows the average annual salary for psychiatrists in Binghamton, New York in 5 percentile scales. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) is $202,000. The median (50th percentile) annual salary is $173,930. The average annual salary for the bottom 10 percent earners is $93,530.
The table and chart below show the trend of the median salary of psychiatrists from 2012 to 2016.
| Year | Median Salary | Yearly Growth | 4-Year Growth |
|---|---|---|---|
| 2016 | $173,930 | -1.03% | 9.43% |
| 2015 | $175,720 | 2.49% | - |
| 2014 | $171,340 | 4.24% | - |
| 2013 | $164,070 | 3.99% | - |
| 2012 | $157,520 | - | - |
From Table 3 we note that the median annual salary of $173,930 in Binghamton is in the middle of salary range for psychiatrists in state of New York. In comparison, the annual salary of psychiatrists in Binghamton is 14.3 percent (14.3%) lower than that in the highest paying Rochester and 9.1 percent (9.1%) higher than that in the lowest paying New York-White Plains-Wayne.