shan564 Below the fray. There are not enough psychiatrists to meet demand, especially in rural areas. The Ontario Psychiatric Association has suggested that increasing pay in rural areas would attract more psychiatrists. As a guide: in Australia, the average yearly income of a psychiatrist is A$220,000; in New Zealand, psychiatrists typically earn between NZ$152,000 and NZ$217,000 per year. 1025 Psychiatrist salary data. In May 2014, the U.S. Bureau of Labor Statistics (BLS) found that the average hourly wage for psychiatrists was $87.84, and the average yearly salary was $182,700. May 30, 2007 2,558 404 St. Louis via Sydney via St. Louis www.encephalotomy.com A psychiatrist's salary is based on their skills and experience. The position provides high level coordination and management of the suite of mental… 18 days ago What Affects The Psychiatrist Salary. From millions of real job salary data. Salary Packaging – with incentives to assist rural and remote locations. We expect these salary trends to continue as a large portion of today’s reach retirement age. How much do psychiatrists earn? Psychiatry Registrars and CMOs: between $85,000 to $250,000 per year; Staff Specialist Psychiatrists in permanent roles: can earn a salary between $250,000 to $500,000 per year, depending on location; Psychiatrists in private practice: earn a salary up to $800,000 per annum Rising Psychiatry Salaries Psychiatrists’ salary average was $237,000 in 2018. Average Psychiatrist salary is $205,351 Detailed Psychiatrist starting salary, median salary, pay scale, bonus data report ranked by … The average wage disparity between these, however, is approximately $60,000; positions in more rural areas will tend to yield higher salaries, and especially those with particular populations of specialization (ie a higher concentration of the elderly or young). The top-paying industries were home health care services, state governments, and community relief organizations. What is a competitive salary for a psychiatrist in a private rural outpatient facility. Also, sorry if it is a dumb question, but must a psychiatrist take call or can that be avoided? They made 16% more than they did the previous year, the largest year-over-year gain among physician specialties. Psychiatrists who are self-employed earn the same as those who are employed and may believe they have traded a higher salary for a steadier income and less time focusing on running a business. 10+ Year Member.