Psychiatrist Salary in New York City, New York
The median psychiatrist salary in New York City, NY is $490,810 per year, which is 92.0% above the national median and 51.2% above the New York state average.
Psychiatrist Pay in New York City: What to Expect (2026)
New York City offers a median psychiatrist salary of $490,810, which is $166,160 above the New York state average of $324,650. Compared to the national median of $255,630, New York City pays above average for this role.
However, New York City's cost of living index is 187%, significantly above the national average. After adjusting for local costs, the $490,810 salary has an effective purchasing power of approximately $262,465. Housing, transportation, and food costs in New York City should be factored into any relocation or job-change decision.
The salary range for psychiatrists in New York City spans from $230,400 at the 10th percentile to $768,000 at the 90th percentile — a $537,600 spread. Entry-level professionals start around $240,000, while senior psychiatrists with 8+ years of experience can earn up to $739,200. As a major metro area with a population of 8,336,817, New York City typically offers more job opportunities and employer competition, which can drive salaries higher.
Psychiatrist Salary in New York City by Experience
In New York City, an entry-level psychiatrist earns around $240,000, while experienced professionals earn up to $739,200 per year. The local cost of living index is 187% of the national average.
Salary Percentiles in New York City, NY
| Percentile | New York City |
|---|---|
| 10th Percentile | $230,400 |
| 25th Percentile | $336,000 |
| Median (50th) | $490,810 |
| 75th Percentile | $633,600 |
| 90th Percentile | $768,000 |
Psychiatrist Salary in Other New York Cities
How to Become a Psychiatrist in New York City
Education
Most psychiatrist positions require a doctoral degree. New York City and the surrounding New York area have institutions offering relevant programs.
Key Skills
Job Outlook
Nationally, psychiatrist employment is projected to grow 7% over the next decade (faster than average). Demand in New York City may vary based on local industry and population growth.
Find Psychiatrist Jobs in New York City
Browse open psychiatrist positions in New York City, NY: