Psychiatrist Salary in New York
The median psychiatrist salary in New York is $324,650 per year, which is 27.0% above the national median of $255,630.
Psychiatrist Salary Overview in New York (2026)
New York ranks #5 out of 50 states for psychiatrist compensation. This places New York in the top tier nationally, making it one of the best states for psychiatrists seeking high pay. At $324,650 per year, psychiatrists in New York earn $69,020 more than the national median of $255,630.
It's worth noting that New York's cost of living is 122% of the national average, which reduces the real purchasing power of the $324,650 salary. After adjusting for cost of living, the effective salary is closer to $266,107.
The salary spread in New York is significant: psychiatrists at the 10th percentile earn $152,400, while those at the 90th percentile bring home $508,000 — a $355,600 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in New York for this role is New York City, where the median reaches $490,810.
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 New York by Experience
In New York, an entry-level psychiatrist earns around $158,750, while experienced professionals earn up to $488,950 per year. The cost of living index in New York is 122% of the national average.
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View Offers You Qualify For →Salary Percentiles in New York
| Percentile | NY Salary |
|---|---|
| 10th Percentile | $152,400 |
| 25th Percentile | $222,250 |
| Median (50th) | $324,650 |
| 75th Percentile | $419,100 |
| 90th Percentile | $508,000 |
Psychiatrist Salary by City in New York
The largest employment areas for psychiatrists in New York include New York City, Buffalo, Rochester, and Yonkers. Salaries vary by city based on local cost of living and demand.
How to Become a Psychiatrist in New York
Education
Most psychiatrist positions require a doctoral degree. New York has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in New York
Nationally, psychiatrist employment is projected to grow 7% over the next decade (faster than average). New York'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 $164,300 over your career trajectory.
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