The annual salary statistics of other psychologists in Madison, Wisconsin is shown in Table 1. The wage statistics of other psychologists 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 | $26,230 |
| 25th Percentile Wage | $50,100 |
| 50th Percentile Wage | $95,200 |
| 75th Percentile Wage | $101,930 |
| 90th Percentile Wage | $113,630 |
Table 1 shows the average annual salary for other psychologists in Madison, Wisconsin in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $113,630. The median (50th percentile) annual salary is $95,200. The average annual salary for the bottom 10 percent earners is $26,230.
The table and chart below show the trend of the median salary of other psychologists from 2012 to 2021.
| Year | Median Salary | Yearly Growth | 9-Year Growth |
|---|---|---|---|
| 2021 | $95,200 | 3.91% | 40.03% |
| 2020 | $91,480 | 38.63% | - |
| 2019 | $56,140 | -3.03% | - |
| 2018 | $57,840 | 1.30% | - |
| 2017 | $57,090 | 0.00% | - |
| 2012 | $57,090 | - | - |
From Table 3 we note that the median annual salary of $95,200 in Madison is in the middle of salary range for other psychologists in state of Wisconsin. In comparison, the annual salary of other psychologists in Madison is 18.4 percent (18.4%) lower than that in the highest paying Lake County-Kenosha County and 30.8 percent (30.8%) higher than that in the lowest paying Minneapolis-St Paul-Bloomington.
| Cities/Areas | Median Annual Salary |
|---|---|
| Lake County-Kenosha County | |
| Milwaukee-Waukesha-West Allis | |
| Madison | |
| Minneapolis-St Paul-Bloomington |