BLS national median · SOC 29-1223
≥ $239,200
$115.00/hr · 2,080 hrs/yr
#3 · Healthcare
Psychiatrists Salary
BLS OEWS May 2024 national median $239,200 ($115.00/hr on 2,080 hours). SOC 29-1223. Modeled 2026 take-home, training context, and career comparisons below.
By Sammy S. · Founder · AuthorUpdated for 2026
Texas take-home at median
$176,092
26.4% effective
California take-home at median
$154,950
35.2% effective
Key takeaways — Psychiatrists
- Psychiatrists ranks #3 of 92 on this hub with a ≥ $239,200 BLS May 2024 national median ($115.00/hr).
- Modeled Texas take-home at that median: $176,092 (26.4% effective employee levy rate). California: $154,950.
- One rank above: Orthodontists at ≥ $239,200 (+$0).
- Bonuses, equity, overtime, and self-employment income are outside BLS OEWS cash-wage medians.
About Psychiatrists wages
The Bureau of Labor Statistics publishes occupational employment and wage estimates (May 2024) by Standard Occupational Classification code. For Psychiatrists (SOC 29-1223), BLS reports the national median at ≥ $239,200 — equal to or greater than $239,200 without a more precise published median in this release.
We convert that median to an hourly equivalent using 2,080 full-time hours per year, then apply our 2026 US paycheck model so you see modeled take-home, not just gross. That bridges BLS labor-market statistics with the same tax rules as our state calculators.
Use the compare tool to pit Psychiatrists against another career, or open the paycheck calculator to model an offer above or below the published median.
Healthcare · rank context
Psychiatrists sits at rank #3 between Orthodontists (#2, ≥ $239,200) and Surgeons (#4, ≥ $239,200).
Training & licensing context
Most healthcare rows require licensed clinical training — med school, nursing programs, or advanced practice degrees. Compare medians against years in school and residency before judging ROI.
Take-home at BLS median by state
Single filer, standard deduction, federal + state where applicable, employee payroll — gross equals the published BLS median.
| State | Take-home | Effective rate |
|---|---|---|
| Texas | $176,092 | 26.4% |
| California | $154,950 | 35.2% |
| New York | $162,838 | 31.9% |
| Florida | $176,092 | 26.4% |
Myths vs facts
Myth: Every Psychiatrists job pays the BLS median.
Fact: The median is a national midpoint. Entry roles, part-time schedules, and low-COL markets sit below; senior specialists in high-demand metros sit above.
Myth: Take-home at median is what you will net.
Fact: Our columns use a single-filer vignette at the BLS gross median. Marriage, dependents, 401(k), HSA, and local taxes change your actual paycheck.
Salary planning checklist
- Confirm the posting matches SOC 29-1223 (Psychiatrists)
- Compare Texas vs California take-home if relocation is on the table
- Read BLS percentile tables when published for this occupation
- Use metro paycheck examples when the employer names a city
- Model your exact gross in the US paycheck calculator
Common mistakes
- ✕Treating ≥ $239,200 as a universal offer for all experience levels
- ✕Ignoring licensing and training years when comparing to lower-medians with shorter paths
- ✕Skipping state tax when comparing two offers at similar gross medians
Psychiatrists salary FAQs
BLS OEWS May 2024 lists a ≥ $239,200 national median (SOC 29-1223) — about $115.00/hr on a 2,080-hour year.
Modeled single-filer take-home at the BLS median: Texas $176,092, California $154,950, New York $162,838, Florida $176,092 (2026 rules).
#3 of 92 occupations on this hub by BLS national median wage.
Orthodontists ranks #2 at ≥ $239,200 — $0 above Psychiatrists.
Surgeons, all other ranks #4 at ≥ $239,200 — $0 below.
Related tools
US paycheck calculator
Model your exact salary and state
Highest paying jobs Canada
Job Bank medians & province take-home
Highest paying jobs UK
ONS ASHE medians & nation take-home
Highest paying jobs Australia
ABS EEH averages & compare
Highest paying jobs New Zealand
Stats NZ HLFS major-group medians & compare
Highest paying jobs Ireland
CSO SES occupation medians & compare
Career path simulator
Project salary 5–15 years ahead after tax
Metro paycheck examples
Top US metros at $100k take-home
Effective tax rate by state
State levy % at $50k–$250k
Relocation salary calculator
COL-adjusted offers between cities