Psychiatrist Salary in Montana
The median psychiatrist salary in Montana is $237,736 per year, which is 7% below the national median of $255,630.
Psychiatrist Salary Overview in Montana (2026)
Montana ranks #28 out of 50 states for psychiatrist compensation. Psychiatrist salaries in Montana are below the national median, though the higher cost of living makes this gap more significant. At $237,736 per year, psychiatrists in Montana earn $17,894 less than the national median of $255,630.
Montana's cost of living is near the national average at 95%, meaning psychiatrist salaries here translate closely to their face value in purchasing power.
The salary spread in Montana is significant: psychiatrists at the 10th percentile earn $111,600, while those at the 90th percentile bring home $372,000 — a $260,400 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Montana for this role is Bozeman, where the median reaches $288,862.
Nationally, psychiatrist employment is projected to grow 7% over the next decade (faster than average). This steady growth indicates stable demand for psychiatrists across the country.
Psychiatrist Salary in Montana by Experience
In Montana, an entry-level psychiatrist earns around $116,250, while experienced professionals earn up to $358,050 per year. The cost of living index in Montana is 95% of the national average.
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View Offers You Qualify For →Salary Percentiles in Montana
| Percentile | MT Salary |
|---|---|
| 10th Percentile | $111,600 |
| 25th Percentile | $162,750 |
| Median (50th) | $237,736 |
| 75th Percentile | $306,900 |
| 90th Percentile | $372,000 |
Psychiatrist Salary by City in Montana
The largest employment areas for psychiatrists in Montana include Billings, Missoula, Great Falls, and Bozeman. Salaries vary by city based on local cost of living and demand.
How to Become a Psychiatrist in Montana
Education
Most psychiatrist positions require a doctoral degree. Montana has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in Montana
Nationally, psychiatrist employment is projected to grow 7% over the next decade (faster than average). Montana's demand may vary based on local industry trends.
Negotiate Your Way to Senior Pay
Data shows Psychiatrists who negotiate earn 7–15% more. A single negotiation could add $120,314 over your career trajectory.
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