Psychiatrist salary in Albany-Schenectady-Troy, NY
Psychiatrists in the Albany-Schenectady-Troy, NY metro area earn a median of $260,000 a year ($125.00 an hour), based on BLS data for 160 workers.
Pay ranges from $75,630 for the lowest-paid 10% to $320,450 for the top 10%. That is 8% lower than the national median of $281,870. Pay here is 2% lower than the New York statewide median of $265,890. There are 0.35 psychiatrists per 1,000 jobs here — the job is 1.9× more common than nationally. The average (mean) salary is $224,460, close to the median.
Pay range for psychiatrists in Albany-Schenectady-Troy, NY
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $75,630 | $36.36 |
| 25th percentile | $96,980 | $46.63 |
| Median | $260,000 | $125.00 |
| 75th percentile | $309,730 | $148.91 |
| 90th percentile (top earners) | $320,450 | $154.06 |
| Average (mean) | $224,460 | $107.91 |
Half of psychiatrists earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $21,666.67 |
| Semi-monthly (24 a year) | $10,833.33 |
| Biweekly (26 a year) | $10,000 |
| Weekly | $5,000 |
| Hourly | $125.00 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $260,000 salary, see how much house you can afford in New York at today's mortgage rates, or work out a payment with the mortgage calculator.
Psychiatrist salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Kiryas Joel-Poughkeepsie-Newburgh, NY | $314,450 | 80 |
| Ithaca, NY | $280,210 | 40 |
| Binghamton, NY | $273,380 | 30 |
| Utica-Rome, NY | $256,870 | 40 |
| New York-Newark-Jersey City, NY-NJ | $249,130 | 4,180 |
| Buffalo-Cheektowaga, NY | $244,960 | 70 |
| Rochester, NY | $233,620 | 130 |
Highest-paying states for psychiatrists
| State | Median salary |
|---|---|
| California | $353,500 |
| Louisiana | $345,040 |
| Alaska | $342,170 |
| Minnesota | $336,410 |
| Wisconsin | $331,070 |
| Connecticut | $326,670 |
| Florida | $316,200 |
| Oregon | $314,880 |
| Missouri | $312,680 |
| Maryland | $305,320 |
See Psychiatrist pay in every state or the New York statewide figures.
Related jobs in Albany-Schenectady-Troy, NY
| Job | Median salary | Hourly |
|---|---|---|
| Registered Nurse | $99,970 | $48.06 |
| Pharmacist | $136,720 | $65.73 |
| Nurse Practitioner | $134,590 | $64.71 |
| Physical Therapist | $94,020 | $45.20 |
| Physician Assistant | $137,850 | $66.28 |
| Dental Hygienist | $98,030 | $47.13 |
| Speech-Language Pathologist | $82,160 | $39.50 |
| Physicians, All Other | $314,460 | $151.19 |
| Occupational Therapist | $85,990 | $41.34 |
| Anesthesiologist | $471,720 | $226.79 |
| Dentists, General | $193,780 | $93.16 |
| Respiratory Therapist | $85,250 | $40.98 |
| Veterinarian | $131,680 | $63.31 |
| Dietitians and Nutritionists | $79,130 | $38.04 |
More: Healthcare Practitioners and Technical Occupations · all salaries in Albany-Schenectady-Troy, NY
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 29-1223. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a psychiatrist make in Albany-Schenectady-Troy, NY?
The median salary for psychiatrists in the Albany-Schenectady-Troy, NY metro area is $260,000 a year, or $125.00 an hour. Pay ranges from $75,630 for the lowest-paid 10% to $320,450 for the top 10%.
How much do the highest-paid psychiatrists make in Albany-Schenectady-Troy, NY?
The top 10% of psychiatrists in the Albany-Schenectady-Troy, NY metro area earn at least $320,450 a year. The top 25% earn $309,730 or more.
What is the starting pay for psychiatrists in Albany-Schenectady-Troy, NY?
Entry-level pay (the 10th percentile) is about $75,630 a year, and a quarter of psychiatrists earn $96,980 or less.
How many psychiatrists work in Albany-Schenectady-Troy, NY?
About 160 psychiatrists are employed in the Albany-Schenectady-Troy, NY metro area, not counting the self-employed.