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Psychiatry Residency Salary

$14,500 - $41,999
22% of jobs
$46,000 is the 25th percentile. Salaries below this are outliers.
$42,000 - $69,499
23% of jobs
$69,500 - $96,999
10% of jobs
The average salary is $112,340 a year
$97,000 - $124,499
17% of jobs
$136,000 is the 75th percentile. Salaries above this are outliers.
$124,500 - $151,999
9% of jobs
$152,000 - $179,499
1% of jobs
$179,500 - $206,999
2% of jobs
$207,000 - $234,499
3% of jobs
$255,500 is the 90th percentile. Salaries above this are outliers.
$234,500 - $261,999
4% of jobs
$262,000 - $289,499
2% of jobs
$289,500 - $317,000
1% of jobs

National Average

$14,500 $112,340 /year $317,000
$54 /hour
$1,208 - $3,500
22% of jobs
$3,833 is the 25th percentile. Salaries below this are outliers.
$3,500 - $5,792
23% of jobs
$5,792 - $8,083
10% of jobs
The average salary is $9,361 a month
$8,083 - $10,375
17% of jobs
$11,333 is the 75th percentile. Salaries above this are outliers.
$10,375 - $12,667
9% of jobs
$12,667 - $14,958
1% of jobs
$14,958 - $17,250
2% of jobs
$17,250 - $19,542
3% of jobs
$21,291 is the 90th percentile. Salaries above this are outliers.
$19,542 - $21,833
4% of jobs
$21,833 - $24,125
2% of jobs
$24,125 - $26,417
1% of jobs

National Average

$1,208 $9,361 /month $26,417
$54 /hour
$279 - $808
22% of jobs
$884 is the 25th percentile. Wages below this are outliers.
$808 - $1,337
23% of jobs
$1,337 - $1,865
10% of jobs
The average wage is $2,160 a week
$1,865 - $2,394
17% of jobs
$2,615 is the 75th percentile. Wages above this are outliers.
$2,394 - $2,923
9% of jobs
$2,923 - $3,452
1% of jobs
$3,452 - $3,981
2% of jobs
$3,981 - $4,510
3% of jobs
$4,913 is the 90th percentile. Wages above this are outliers.
$4,510 - $5,038
4% of jobs
$5,038 - $5,567
2% of jobs
$5,567 - $6,096
1% of jobs

National Average

$279 $2,160 /week $6,096
$54 /hour
$6.97 - $20.19
22% of jobs
$22.12 is the 25th percentile. Wages below this are outliers.
$20.19 - $33.41
23% of jobs
$33.41 - $46.63
10% of jobs
The average wage is $54.01 an hour
$46.63 - $59.86
17% of jobs
$65.38 is the 75th percentile. Wages above this are outliers.
$59.86 - $73.08
9% of jobs
$73.08 - $86.30
1% of jobs
$86.30 - $99.52
2% of jobs
$99.52 - $112.74
3% of jobs
$122.84 is the 90th percentile. Wages above this are outliers.
$112.74 - $125.96
4% of jobs
$125.96 - $139.18
2% of jobs
$139.18 - $152.40
1% of jobs

National Average

$6.97 $54 /hour $152.40
  Annual Salary Monthly Pay Weekly Pay Hourly Wage
Top Earners $255,500 $21,291 $4,913 $123
75th Percentile $136,000 $11,333 $2,615 $65
Average $112,340 $9,361 $2,160 $54
25th Percentile $46,000 $3,833 $884 $22
Psychiatry Residency Salary Comparison by Location
Nationwide
United States
$112,340
$9,361
$2,160
$54
Chicago, IL
$115,001
$9,583
$2,212
$55

As of Jan 16, 2021, the average annual pay for a Psychiatry Residency in the United States is $112,340 a year.

Just in case you need a simple salary calculator, that works out to be approximately $54.01 an hour. This is the equivalent of $2,160/week or $9,362/month.

While ZipRecruiter is seeing annual salaries as high as $317,000 and as low as $14,500, the majority of Psychiatry Residency salaries currently range between $46,000 (25th percentile) to $136,000 (75th percentile) with top earners (90th percentile) making $255,500 annually across the United States. The average pay range for a Psychiatry Residency varies greatly (by as much as $90,000), which suggests there may be many opportunities for advancement and increased pay based on skill level, location and years of experience.

Based on recent job postings on ZipRecruiter, the Psychiatry Residency job market in both Chicago, IL and the surrounding area is very active. A Psychiatry Residency in your area makes on average $115,001 per year, or $2,661 (2%) more than the national average annual salary of $112,340. ranks number 1 out of 50 states nationwide for Psychiatry Residency salaries.

To estimate the most accurate annual salary range for Psychiatry Residency jobs, ZipRecruiter continuously scans its database of millions of active jobs published locally throughout America.

Find your next high paying job as a Psychiatry Residency on ZipRecruiter today.

Top 10 Highest Paying Cities for Psychiatry Residency Jobs

We’ve identified 10 cities where the typical salary for a Psychiatry Residency job is above the national average. Topping the list is New York City, NY, with San Mateo, CA and Boston, MA close behind in the second and third positions. Boston, MA beats the national average by $12,881 (11.5%), and New York City, NY furthers that trend with another $18,775 (16.7%) above the $112,340 average.

Importantly, New York City, NY has a moderately active Psychiatry Residency job market with only a few companies currently hiring for this type of role.

With these 10 cities having average salaries higher than the national average, the opportunities for economic advancement by changing locations as a Psychiatry Residency appears to be exceedingly fruitful.

Finally, another factor to consider is the average salary for these top ten cities varies very little at 7% between New York City, NY and Richmond, CA, reinforcing the limited potential for much wage advancement. The possibility of a lower cost of living may be the best factor to use when considering location and salary for a Psychiatry Residency role.

CityAnnual SalaryMonthly PayWeekly PayHourly Wage
New York City, NY$131,115$10,926$2,521$63.04
San Mateo, CA$129,384$10,782$2,488$62.20
Boston, MA$125,221$10,435$2,408$60.20
Juneau, AK$125,206$10,434$2,408$60.20
Berkeley, CA$124,347$10,362$2,391$59.78
Daly City, CA$123,995$10,333$2,385$59.61
Santa Monica, CA$123,767$10,314$2,380$59.50
Quincy, MA$123,254$10,271$2,370$59.26
Renton, WA$123,190$10,266$2,369$59.23
Richmond, CA$122,099$10,175$2,348$58.70

Top 5 Best Paying Related Psychiatry Residency Jobs in the U.S.

We found at least five jobs related to the Psychiatry Residency job category that pay more per year than a typical Psychiatry Residency salary. Top examples of these roles include: Physician Psychiatry, Psychiatry Physician, and Psychiatrist Psychiatry.

Importantly, all of these jobs are paid between $59,231 (52.7%) and $128,379 (114.3%) more than the average Psychiatry Residency salary of $112,340. If you’re qualified, getting hired for one of these related Psychiatry Residency jobs may help you make more money than that of the average Psychiatry Residency position.

Job TitleAnnual SalaryMonthly PayWeekly PayHourly Wage
Physician Psychiatry$240,719$20,060$4,629$115.73
Psychiatry Physician$227,500$18,958$4,375$109.38
Psychiatrist Psychiatry$217,918$18,160$4,191$104.77
Inpatient Psychiatry$180,672$15,056$3,474$86.86
Medical Officer Psychiatry$171,571$14,298$3,299$82.49
About Our Data
ZipRecruiter salary estimates, histograms, trends and comparisons are derived from both employer job postings and third party data sources.
Data used to develop this report includes ADP data. ADP is an exclusive provider of employee payroll data for ZipRecruiter.
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