Psychiatrist salary in Indianapolis-Carmel-Greenwood, IN
Psychiatrists in the Indianapolis-Carmel-Greenwood, IN metro area earn a median of $282,600 a year ($135.87 an hour), based on BLS data for 250 workers.
Pay ranges from $194,840 for the lowest-paid 10% to $454,930 for the top 10%. That is about the same as the national median of $281,870. Pay here is 1% lower than the Indiana statewide median of $284,110. There are 0.23 psychiatrists per 1,000 jobs here — the job is 1.3× more common than nationally. The average (mean) salary is $303,210, above the median because a few high earners pull it up.
Pay range for psychiatrists in Indianapolis-Carmel-Greenwood, IN
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $194,840 | $93.67 |
| 25th percentile | $232,380 | $111.72 |
| Median | $282,600 | $135.87 |
| 75th percentile | $446,860 | $214.84 |
| 90th percentile (top earners) | $454,930 | $218.72 |
| Average (mean) | $303,210 | $145.78 |
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 | $23,550 |
| Semi-monthly (24 a year) | $11,775 |
| Biweekly (26 a year) | $10,869.23 |
| Weekly | $5,434.62 |
| Hourly | $135.87 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $282,600 salary, see how much house you can afford in Indiana 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 |
|---|---|---|
| Cincinnati, OH-KY-IN | $261,710 | 150 |
| Chicago-Naperville-Elgin, IL-IN | $258,750 | 600 |
| Louisville/Jefferson County, KY-IN | $237,770 | 60 |
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 Indiana statewide figures.
Related jobs in Indianapolis-Carmel-Greenwood, IN
| Job | Median salary | Hourly |
|---|---|---|
| Registered Nurse | $84,230 | $40.50 |
| Physicians, All Other | $364,040 | $175.02 |
| Physical Therapist | $103,770 | $49.89 |
| Nurse Practitioner | $130,460 | $62.72 |
| Pharmacist | $151,050 | $72.62 |
| Dental Hygienist | $97,470 | $46.86 |
| Occupational Therapist | $100,080 | $48.12 |
| Speech-Language Pathologist | $93,320 | $44.86 |
| Respiratory Therapist | $81,720 | $39.29 |
| Dentists, General | $166,120 | $79.87 |
| General Internal Medicine Physician | $289,470 | $139.17 |
| Pediatricians, General | $170,020 | $81.74 |
| Physician Assistant | $131,950 | $63.44 |
| Family Medicine Physician | $287,130 | $138.04 |
More: Healthcare Practitioners and Technical Occupations · all salaries in Indianapolis-Carmel-Greenwood, IN
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 Indianapolis-Carmel-Greenwood, IN?
The median salary for psychiatrists in the Indianapolis-Carmel-Greenwood, IN metro area is $282,600 a year, or $135.87 an hour. Pay ranges from $194,840 for the lowest-paid 10% to $454,930 for the top 10%.
How much do the highest-paid psychiatrists make in Indianapolis-Carmel-Greenwood, IN?
The top 10% of psychiatrists in the Indianapolis-Carmel-Greenwood, IN metro area earn at least $454,930 a year. The top 25% earn $446,860 or more.
What is the starting pay for psychiatrists in Indianapolis-Carmel-Greenwood, IN?
Entry-level pay (the 10th percentile) is about $194,840 a year, and a quarter of psychiatrists earn $232,380 or less.
How many psychiatrists work in Indianapolis-Carmel-Greenwood, IN?
About 250 psychiatrists are employed in the Indianapolis-Carmel-Greenwood, IN metro area, not counting the self-employed.