Psychiatrist salary
Updated Updated for 2026 tax law
A psychiatrist earns a median of $281,870 a year ($135.51 an hour) in the US, according to the Bureau of Labor Statistics (May 2025). The average is $269,940. About 27,980 people work in this job.
Take-home pay on $281,870
- Gross pay
- $10,841.15
- Federal income tax
- −$2,376.49
- Social Security (6.2%)
- −$439.96
- Medicare (1.45%)
- −$185.54
- Texas income tax
- $0.00No state income tax on wages
- Take-home pay
- $7,839.17
Annual breakdown
- Gross
- $281,870
- Federal
- $61,789
- FICA
- $16,263
- State + local
- $0
- Net
- $203,818
- Marginal federal rate
- 35.0%
- Marginal state rate
- 0.0%
2026 federal brackets (Rev. Proc. 2025-32) and 2026 state rules. Estimates assume wages are your only income and use annual liability, so your actual withholding can differ slightly.
Similar jobs
- Orthodontist: $289,140
- Obstetrician and Gynecologist: $292,910
- Physician: $265,930
- Ophthalmologist: $300,080
- General Internal Medicine Physician: $256,560
- Prosthodontist: $311,180
- Physician: $312,400
- Neurologist: $248,560
BLS occupation: Psychiatrists. Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 (SOC 29-1223). Excludes the self-employed.
Frequently asked questions
How much does a psychiatrist make an hour?
The median hourly wage is $135.51; the average is $129.78.
What is the salary range for a psychiatrist?
The bottom 10% earn under $84,060 and the top 10% earn over $446,520 a year.
How much is $281,870 after taxes?
About $203,818 a year in Texas (no state income tax) or $178,185 in California for a single filer in 2026.
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Estimates for information only — not tax, legal or financial advice.