Healthcare Covington, KY Pop. 40,961

Psychiatrist Salary in Covington, Kentucky

The median psychiatrist salary in Covington, KY is $224,954 per year, which is 12% below the national median and 1.1% above the Kentucky state average.

City Median
$224,954
vs State Avg
+$2,556
vs National
$-30,676
Cost of Living
88%

Psychiatrist Salary in Covington by Experience

In Covington, an entry-level psychiatrist earns around $110,000, while experienced professionals earn up to $338,800 per year. The local cost of living index is 88% of the national average.

Entry Level (0-2 yrs)
$110,000
$-15,000 vs national
Mid Level (3-7 yrs)
$227,040
$-30,960 vs national
Senior Level (8+ yrs)
$338,800
$-46,200 vs national

Salary Percentiles in Covington, KY

Percentile Covington
10th Percentile $105,600
25th Percentile $154,000
Median (50th) $224,954
75th Percentile $290,400
90th Percentile $352,000

Psychiatrist Salary in Other Kentucky Cities

Lexington, KY
$237,736
Pop. 322,570
Louisville, KY
$235,180
Pop. 633,045
Bowling Green, KY
$214,729
Pop. 74,735
Owensboro, KY
$209,617
Pop. 60,183

How to Become a Psychiatrist in Covington

Education

Most psychiatrist positions require a doctoral degree. Covington and the surrounding Kentucky 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 Covington may vary based on local industry and population growth.

Find Psychiatrist Jobs in Covington

Browse open psychiatrist positions in Covington, KY:

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Frequently Asked Questions: Psychiatrist Salary in Covington

How much does a Psychiatrist make in Covington, KY? ▼
The median psychiatrist salary in Covington, Kentucky is $224,954 per year, which is 12% below the national median of $255,630. Salaries range from $105,600 (10th percentile) to $352,000 (90th percentile).
How much does a Psychiatrist make per hour in Covington? ▼
Based on the median annual salary of $224,954, a psychiatrist in Covington earns approximately $108 per hour assuming a standard 2,080-hour work year.
How does Covington compare to the Kentucky state average for psychiatrist pay? ▼
Covington's median psychiatrist salary of $224,954 is 1.1% above the Kentucky state average of $222,398. The local cost of living index is 88% of the national average.
What is the cost of living in Covington, KY? ▼
Covington has a cost of living index of 88% compared to the national average. This means a psychiatrist salary of $224,954 in Covington has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a psychiatrist in Covington? ▼
Most psychiatrist positions in Covington 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.