The annual salary statistics of psychiatrists in Madison, Wisconsin is shown in Table 1. The wage information of psychiatrists in Madison 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 | $55,280 |
| 25th Percentile Wage | $118,350 |
| 50th Percentile Wage | $190,600 |
| 75th Percentile Wage | No Data |
| 90th Percentile Wage | No Data |
Table 1 shows the average annual salary for psychiatrists in Madison, Wisconsin in 5 percentile scales. The median (50th percentile) annual salary is $190,600. The average annual salary of the 25th percentile is $118,350. The average annual salary for the bottom 10 percent earners is $55,280.
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 | 6-Year Growth |
|---|---|---|---|
| 2018 | $190,600 | -4.88% | 4.38% |
| 2017 | $199,910 | 8.83% | - |
| 2012 | $182,260 | - | - |
From Table 3 we note that with a median annual salary of $190,600, Madison is the highest paying city for psychiatrists in state of Wisconsin, followed by Oshkosh-Neenah (median annual salary $187,220). In comparison, the median annual salary of psychiatrists in Madison is 1.8 percent (1.8%) higher than that in Oshkosh-Neenah.
| Cities/Areas | Median Annual Salary |
|---|---|
| Madison | |
| Oshkosh-Neenah | |
| Minneapolis-St Paul-Bloomington | |
| Milwaukee-Waukesha-West Allis | |
| Southwestern Wisconsin nonmetropolitan area | |
| Lake County-Kenosha County |