What is the average psychiatry salary?
LocumTenens.com conducted its Annual Salary and Employment Survey in August and September 2022. Survey respondents represent psychiatrists who practice on a locum tenens basis as well as those with permanent salaries. Compensation results consist of only full-time, permanent employees and consider only annual salary and bonuses.
Average psychiatrist salary in 2022
$281,309
Historical salary data
How does this year's salary for psychiatrists compare to other years?
The average psychiatrist’s salary shows fluctuation over time (having declined 14% since the beginning of the pandemic), but nevertheless remains higher than it was in recent years after a period of overall growth. As telehealth became a reality for many patients during the pandemic, psychiatry proved to be particularly suited for diagnosing and prescribing via videoconferencing sessions.
To learn more about how current physician trends are changing, view the Future of Work Survey Report which presents in-depth insights about the evolving healthcare landscape in the U.S.
2021 data not available.
Survey results
Demographic insights by gender
Male
45%
Female
51%Where did psychiatrists work in 2022?
In 2022 most psychiatrists worked in Government.
Hospital employed
28%
Government
30%
Medical group / practice owned by a hospital / system
19%
RESPONDENT DEMOGRAPHICS
Psychiatrists who took this survey
Gig-based work abounds in psychiatry, with 44% of respondents working contract or locum tenens – and indeed, this is the specialty with the highest job satisfaction at a healthy 80%.
Millennials (born between 1981 and 1997) and generation X (born between 1965 and 1980) have a strong showing in the psychiatric field, but baby boomers (born between 1946 and 1964) still make up the largest age group at 41%. Almost half (47%) of psychiatrists have been practicing for more than 21 years.