Psychiatrist Salary in Indiana
The median psychiatrist salary in Indiana is $230,067 per year, which is 10% below the national median of $255,630.
Psychiatrist Salary Overview in Indiana (2026)
Indiana ranks #35 out of 50 states for psychiatrist compensation. Psychiatrist salaries in Indiana are below the national median, though the lower cost of living can offset the difference. At $230,067 per year, psychiatrists in Indiana earn $25,563 less than the national median of $255,630.
A key advantage of working in Indiana is its below-average cost of living (90% of the national index). This means the $230,067 salary has the purchasing power of roughly $255,630 in an average-cost area.
The salary spread in Indiana is significant: psychiatrists at the 10th percentile earn $108,000, while those at the 90th percentile bring home $360,000 — a $252,000 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Indiana for this role is Carmel, where the median reaches $268,412.
Nationally, psychiatrist employment is projected to grow 7% over the next decade (faster than average). This steady growth indicates stable demand for psychiatrists across the country.
Psychiatrist Salary in Indiana by Experience
In Indiana, an entry-level psychiatrist earns around $112,500, while experienced professionals earn up to $346,500 per year. The cost of living index in Indiana is 90% of the national average.
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View Offers You Qualify For →Salary Percentiles in Indiana
| Percentile | IN Salary |
|---|---|
| 10th Percentile | $108,000 |
| 25th Percentile | $157,500 |
| Median (50th) | $230,067 |
| 75th Percentile | $297,000 |
| 90th Percentile | $360,000 |
Psychiatrist Salary by City in Indiana
The largest employment areas for psychiatrists in Indiana include Indianapolis, Fort Wayne, Evansville, and South Bend. Salaries vary by city based on local cost of living and demand.
How to Become a Psychiatrist in Indiana
Education
Most psychiatrist positions require a doctoral degree. Indiana has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in Indiana
Nationally, psychiatrist employment is projected to grow 7% over the next decade (faster than average). Indiana's demand may vary based on local industry trends.
Negotiate Your Way to Senior Pay
Data shows Psychiatrists who negotiate earn 7–15% more. A single negotiation could add $116,433 over your career trajectory.
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