The highest paid in the psychiatrist profession work in the metropolitan areas of Los Angeles, Tucson, Arizona, and Trenton, New Jersey. The Riverside, California area also pays well, as does the city of Stockton, California. Psychiatrists made a median wage of $187,200 or higher in 2015. And although they're most often employed in private practice, home health care services and scientific research and development services tend to compensate these professionals the best. Insidermonkey experts made a list of 11 highest paying states for psychiatrists.
Psychiatrists rake in a nice paycheck. In 2015, they made an average salary of $193,680, which is much more than the mean wages of mental health counselors ($45,080), marriage and family therapists ($53,520) and school counselors ($56,490). Their average salaries in 2015 were comparable to that of general physicians, who made $196,520, but less than that of surgeons, who brought home $247,520 in the same year. You can also read our article on the 11 highest paying states for orthopedic surgeons.
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