Psychiatrist Salary in Memphis, Tennessee
The median psychiatrist salary in Memphis, TN is $224,954 per year, which is 12% below the national median and 3.3% below the Tennessee state average.
Psychiatrist Pay in Memphis: What to Expect (2026)
Memphis offers a median psychiatrist salary of $224,954, which is $7,669 below the Tennessee state average of $232,623. Compared to the national median of $255,630, Memphis pays below the national benchmark for this role.
One of Memphis's biggest advantages is its low cost of living at 86% of the national average. This means the $224,954 salary stretches further here — equivalent to roughly $261,574 in an average-cost city. This makes Memphis an attractive option for psychiatrists seeking strong real-dollar compensation.
The salary range for psychiatrists in Memphis 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. As a major metro area with a population of 633,104, Memphis typically offers more job opportunities and employer competition, which can drive salaries higher.
Psychiatrist Salary in Memphis by Experience
In Memphis, 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 86% of the national average.
Salary Percentiles in Memphis, TN
| Percentile | Memphis |
|---|---|
| 10th Percentile | $105,600 |
| 25th Percentile | $154,000 |
| Median (50th) | $224,954 |
| 75th Percentile | $290,400 |
| 90th Percentile | $352,000 |
Psychiatrist Salary in Other Tennessee Cities
How to Become a Psychiatrist in Memphis
Education
Most psychiatrist positions require a doctoral degree. Memphis and the surrounding Tennessee 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 Memphis may vary based on local industry and population growth.
Find Psychiatrist Jobs in Memphis
Browse open psychiatrist positions in Memphis, TN: