Psychiatrist Salary
TITLE
the average Psychiatrist Salary is calculated by the US Government Bureau
of Labor Statistics from a variety of sources. Psychiatrists work in a number of
settings including hospitals, clinics and schools. The average salary varies depending on the location and the setting. The
assumption was made that the Psychiatrists reflected here were working an
average of 40 hours per week with a total of 2080 hours per year.
Psychiatrist Salary: Median Hourly
& Annual Data
HOURLY
The Psychiatrist average salary is $70.26 per hour. The lowest
10% earn $30.68 per hour and those in the upper 10% earn more than
$85.00 per
hour.
ANNUALLY
On an annual basis the median
Psychiatrist Salary is greater than $177,000.
The lowest 10% earn $63,820 per year while the upper
10% earn more than $177,000 per year. These
salaries are calculated as a mean or average.
Top 5 States
The best paying states for Psychiatrists to earn a salary are
Idaho $189,350, Colorado $187,060, Kentucky $178,320,
New Jersey $176,590 North Dakota $175,100
top
5 Metropolitan Areas
The best city or metropolitan
areas to earn a Psychiatrists salary are
Boise City-Nampa, ID $194,120,
Oshkosh-Neenah, WI $193,840,
Springfield, MO $192,150, Madison, WI $190,780, Camden, NJ $190,280.
Private Practice
Vs Employment
A rapidly growing trend in the healthcare arena is the use of
the locum tenens. This is a doctor who agrees to a short term contract to
fill in for a doctor who is on leave or extended absence. These contracts
can be arranged individually by the doctor or through an intermediary such as an
employment agency. The majority of most physicians are in private practice
rather than employed by others.
The majority of doctors in the U.S. are considered as
self-employed and/or small business's. As such they operate a private
practice or clinic.
EMPLOYMENT DATA
There are over 23,450
Psychiatrists working in the U.S. according to the Bureau of Labor Statistics. A large number of physicians are considered to be self-employed and are not captured by
the US Bureau of Labor census. The American Psychiatric Association claims
over 36,000 members.
Where They Work
Of all the Psychiatrists employed in
the United States 8180 work in the offices of physicians. 3330 work in
hospitals with an additional 3000 working in psychiatric hospitals.
Outpatient care centers account for 2580 psychiatrists and the government
employs 1700 psychiatrists.
Other Industries that
employ Psychiatrists
Vocational rehab, nursing care facilities
and management of companies account for a small number of psychiatrists.
An unknown number may be employed locum tenens through employment services.
Employment Benefits
Fringe benefits are going to be similar to
those enjoyed by most healthcare workers. The size of the organization and other
factors will often drive the type of benefits available.
A typical
employment benefits package is worth over $20,000 per year.
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