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
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.