Healthcare Carmel, IN Pop. 99,757

Psychiatrist Salary in Carmel, Indiana

The median psychiatrist salary in Carmel, IN is $268,412 per year, which is 5.0% above the national median and 16.7% above the Indiana state average.

City Median
$268,412
vs State Avg
+$38,345
vs National
+$12,782
Cost of Living
105%

Psychiatrist Salary in Carmel by Experience

In Carmel, an entry-level psychiatrist earns around $131,250, while experienced professionals earn up to $404,250 per year. The local cost of living index is 105% of the national average.

Entry Level (0-2 yrs)
$131,250
+$6,250 vs national
Mid Level (3-7 yrs)
$270,900
+$12,900 vs national
Senior Level (8+ yrs)
$404,250
+$19,250 vs national

Salary Percentiles in Carmel, IN

Percentile Carmel
10th Percentile $126,000
25th Percentile $183,750
Median (50th) $268,412
75th Percentile $346,500
90th Percentile $420,000

Psychiatrist Salary in Other Indiana Cities

Indianapolis, IN
$237,736
Pop. 887,642
Fort Wayne, IN
$217,286
Pop. 263,886
Evansville, IN
$214,729
Pop. 117,429
South Bend, IN
$212,173
Pop. 103,453

How to Become a Psychiatrist in Carmel

Education

Most psychiatrist positions require a doctoral degree. Carmel and the surrounding Indiana area have institutions offering relevant programs.

Key Skills

PsychiatryPsychopharmacologyCBT/DBTDiagnosisPatient AssessmentDocumentation

Job Outlook

Nationally, psychiatrist employment is projected to grow 7% over the next decade (faster than average). Demand in Carmel may vary based on local industry and population growth.

Find Psychiatrist Jobs in Carmel

Browse open psychiatrist positions in Carmel, IN:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Psychiatrist Salary in Carmel

How much does a Psychiatrist make in Carmel, IN? ▼
The median psychiatrist salary in Carmel, Indiana is $268,412 per year, which is 5.0% above the national median of $255,630. Salaries range from $126,000 (10th percentile) to $420,000 (90th percentile).
How much does a Psychiatrist make per hour in Carmel? ▼
Based on the median annual salary of $268,412, a psychiatrist in Carmel earns approximately $129 per hour assuming a standard 2,080-hour work year.
How does Carmel compare to the Indiana state average for psychiatrist pay? ▼
Carmel's median psychiatrist salary of $268,412 is 16.7% above the Indiana state average of $230,067. The local cost of living index is 105% of the national average.
What is the cost of living in Carmel, IN? ▼
Carmel has a cost of living index of 105% compared to the national average. This means a psychiatrist salary of $268,412 in Carmel has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a psychiatrist in Carmel? ▼
Most psychiatrist positions in Carmel require a doctoral degree. Key skills include Psychiatry, Psychopharmacology, CBT/DBT, Diagnosis. The job market is projected to grow 7% nationally over the next decade.