US Psychiatrist Compensation Reaches $350,786 in Doximity’s 2026 Report
Average annual compensation for US psychiatrists reached $350,786 in Doximity’s 2026 Physician Compensation Report, providing an updated national benchmark for physicians working in psychiatry.
US psychiatrists recorded average annual compensation of $350,786, according to Doximity’s 2026 Physician Compensation Report. The latest figure provides psychiatrists with a specialty-specific benchmark when evaluating compensation, employment opportunities and the financial expectations associated with their practice.
Key findings
Doximity reports average annual compensation of $350,786 for psychiatrists in its 2026 Physician Compensation Report.
For psychiatrists, the figure provides a useful national reference point within a specialty focused on the diagnosis, treatment and long-term management of mental health conditions.
The national average should not be interpreted as the compensation every psychiatrist will receive. Individual earnings can vary according to geography, experience, patient volume, subspecialty, inpatient responsibilities, practice setting and employment structure.
Psychiatrist compensation reaches $350,786
The $350,786 average establishes a current national compensation benchmark for US psychiatrists.
Psychiatry encompasses the diagnosis and management of a broad range of mental health conditions, including mood disorders, anxiety disorders, psychotic illnesses, substance use disorders and other psychiatric conditions.
Clinical practice can range from predominantly outpatient care and long-term patient management to inpatient psychiatry, consultation-liaison services and acute psychiatric care.
Psychiatrists may also develop expertise in areas such as addiction psychiatry, forensic psychiatry, geriatric psychiatry and consultation-liaison psychiatry.
For psychiatrists reviewing their current compensation or considering a new position, the Doximity figure provides a useful specialty-specific reference against which an individual package can be assessed.
What influences psychiatrist compensation?
Psychiatry encompasses several different models of clinical practice, meaning patient volume, care setting, subspecialty focus and workload can all be important when evaluating individual compensation.
An outpatient psychiatrist managing scheduled consultations and longitudinal care may have a substantially different workload from a physician providing inpatient or acute psychiatric services.
Practice structure can also have an important impact. Psychiatrists may work within hospitals, health systems, community mental health services, academic centres, group practices or independent practices.
The balance between face-to-face and telepsychiatry services may further shape working patterns and patient volumes in some positions.
Geography, experience, clinical responsibilities and employment arrangements can therefore produce considerable variation between individual roles.
These factors mean the $350,786 national average should be treated as a benchmark rather than an expected salary for every psychiatrist.
What the latest figure means for psychiatrists
For US psychiatrists, $350,786 provides a contemporary national reference point when benchmarking existing compensation or assessing a prospective position.
Psychiatrists should consider headline compensation alongside expected patient volumes, appointment lengths, inpatient responsibilities, call requirements, working hours and productivity expectations.
Practice setting is particularly important. An inpatient hospital position can have substantially different clinical demands and compensation arrangements from an outpatient or independent psychiatric practice.
The latest Doximity figure therefore provides psychiatrists with a useful starting point for evaluating compensation while recognising that individual earnings can differ according to the clinical and contractual characteristics of a particular role.
About the data
The Doximity 2026 Physician Compensation Report provides compensation benchmarks across a wide range of US medical and surgical specialties.
The specialty figures represent average compensation and should be treated as national benchmarks. An individual psychiatrist’s compensation may differ according to geography, experience, patient volume, clinical responsibilities, practice setting and other professional factors.
Source
Doximity. Physician Compensation Report 2026.https://www.doximity.com/reports/physician-compensation-report/2026#modal-close
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