Psychiatrist Salary 2026: What Psychiatrists Earn by Subspecialty, State, and Practice Setting

By Blake Moser · Published March 22, 2026

The average psychiatrist salary in 2026 is $341,000 — up 5.5% — with total compensation ranging from $250,000 to $410,000 depending on subspecialty, state, and practice setting. 137 million Americans live in Mental Health Shortage Areas, and a projected shortage of up to 93,940 psychiatrists by…