Psychiatry Residency Salary
National Average
$14,500 $112,340 /year $317,000National Average
$1,208 $9,361 /month $26,417National Average
$279 $2,160 /week $6,096National 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 |
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.
| City | Annual Salary | Monthly Pay | Weekly Pay | Hourly 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 Title | Annual Salary | Monthly Pay | Weekly Pay | Hourly 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 |
