Psychiatrist Salary in Covington, KY: $224,954 (2026)

Psychiatrist Pay in Covington: What to Expect (2026)

Covington offers a median psychiatrist salary of $224,954, which is $2,556 above the Kentucky state average of $222,398. Compared to the national median of $255,630, Covington pays below the national benchmark for this role.

One of Covington's biggest advantages is its low cost of living at 88% of the national average. This means the $224,954 salary stretches further here — equivalent to roughly $255,630 in an average-cost city. This makes Covington an attractive option for psychiatrists seeking strong real-dollar compensation.

The salary range for psychiatrists in Covington spans from $105,600 at the 10th percentile to $352,000 at the 90th percentile — a $246,400 spread. Entry-level professionals start around $110,000, while senior psychiatrists with 8+ years of experience can earn up to $338,800. Covington is a smaller market (pop. 40,961), which may mean fewer openings but also less competition for available positions.

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

Percentile	Covington	KY State	National
10th Percentile	$105,600	$104,400	$120,000
25th Percentile	$154,000	$152,250	$175,000
Median (50th)	$224,954	$222,398	$255,630
75th Percentile	$290,400	$287,100	$330,000
90th Percentile	$352,000	$348,000	$400,000

Percentile

Covington

10th Percentile

$105,600

25th Percentile

$154,000

Median (50th)

$224,954

75th Percentile

$290,400

90th Percentile

$352,000

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.

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.

Psychiatrist Salary in Covington, Kentucky