Healthcare Evansville, IN Pop. 117,429

Psychiatrist Salary in Evansville, Indiana

The median psychiatrist salary in Evansville, IN is $214,729 per year, which is 16% below the national median and 6.7% below the Indiana state average.

City Median
$214,729
vs State Avg
$-15,338
vs National
$-40,901
Cost of Living
84%

Psychiatrist Pay in Evansville: What to Expect (2026)

Evansville offers a median psychiatrist salary of $214,729, which is $15,338 below the Indiana state average of $230,067. Compared to the national median of $255,630, Evansville pays below the national benchmark for this role.

One of Evansville's biggest advantages is its low cost of living at 84% of the national average. This means the $214,729 salary stretches further here — equivalent to roughly $255,630 in an average-cost city. This makes Evansville an attractive option for psychiatrists seeking strong real-dollar compensation.

The salary range for psychiatrists in Evansville spans from $100,800 at the 10th percentile to $336,000 at the 90th percentile — a $235,200 spread. Entry-level professionals start around $105,000, while senior psychiatrists with 8+ years of experience can earn up to $323,400. With a population of 117,429, Evansville is a mid-sized metro with a growing job market.

Psychiatrist Salary in Evansville by Experience

In Evansville, an entry-level psychiatrist earns around $105,000, while experienced professionals earn up to $323,400 per year. The local cost of living index is 84% of the national average.

Entry Level (0-2 yrs)
$105,000
$-20,000 vs national
Mid Level (3-7 yrs)
$216,720
$-41,280 vs national
Senior Level (8+ yrs)
$323,400
$-61,600 vs national

Salary Percentiles in Evansville, IN

Percentile Evansville
10th Percentile $100,800
25th Percentile $147,000
Median (50th) $214,729
75th Percentile $277,200
90th Percentile $336,000

Psychiatrist Salary in Other Indiana Cities

Carmel, IN
$268,412
Pop. 99,757
Indianapolis, IN
$237,736
Pop. 887,642
Fort Wayne, IN
$217,286
Pop. 263,886
South Bend, IN
$212,173
Pop. 103,453

How to Become a Psychiatrist in Evansville

Education

Most psychiatrist positions require a doctoral degree. Evansville 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 Evansville may vary based on local industry and population growth.

Find Psychiatrist Jobs in Evansville

Browse open psychiatrist positions in Evansville, IN:

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Frequently Asked Questions: Psychiatrist Salary in Evansville

How much does a Psychiatrist make in Evansville, IN? ▼
The median psychiatrist salary in Evansville, Indiana is $214,729 per year, which is 16% below the national median of $255,630. Salaries range from $100,800 (10th percentile) to $336,000 (90th percentile).
How much does a Psychiatrist make per hour in Evansville? ▼
Based on the median annual salary of $214,729, a psychiatrist in Evansville earns approximately $103 per hour assuming a standard 2,080-hour work year.
How does Evansville compare to the Indiana state average for psychiatrist pay? ▼
Evansville's median psychiatrist salary of $214,729 is 6.7% below the Indiana state average of $230,067. The local cost of living index is 84% of the national average.
What is the cost of living in Evansville, IN? ▼
Evansville has a cost of living index of 84% compared to the national average. This means a psychiatrist salary of $214,729 in Evansville has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a psychiatrist in Evansville? ▼
Most psychiatrist positions in Evansville 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.