Psychiatrists Salary
The median pay for a psychiatrists in Albany-Schenectady-Troy, NY is $260,000/year ($125/hour), per BLS data. The range runs from $76K at the entry level to $320K for experienced workers. Adjusted for local prices (RPP 99.57), that's roughly $261,123 in purchasing power. Rent on a 2-bedroom averages $1,702/month, or 11.9% of estimated take-home pay.
So what does $260K get you in Albany-Schenectady-Troy?
Groceries, utilities, transportation, and healthcare scaled from national averages by Albany-Schenectady-Troy’s Regional Price Parity (99.57). Rent from HUD Fair Market Rents. Taxes estimated for single filer, standard deduction. * Healthcare is the employee-paid share only (premiums + out-of-pocket). Actual costs vary by coverage type: employer-sponsored, ACA marketplace, or uninsured.
About psychiatrists
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What this looks like in Albany-Schenectady-Troy
Psychiatrists pay in Albany-Schenectady-Troy tracks closely to the national median, $260K locally vs. $282K nationwide, a 8% difference. Housing is manageable: a 2-bedroom at the HUD median costs $1,702/month, 11.7% of take-home, well inside the 30% guideline. Cost of living (RPP 99.57) is near the national average, so spending patterns here track the typical American budget fairly closely. Use the affordability calculator above to model your specific situation.
Compared to nearby metros
Median pay for psychiatrists in metros near Albany-Schenectady-Troy, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| New York-Newark-Jersey City | $249K | $221K |
| Rochester | $234K | $241K |
| Kiryas Joel-Poughkeepsie-Newburgh | $314K | $287K |
| Buffalo-Cheektowaga | $245K | $256K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Albany-Schenectady-Troy, NY
Entry-level psychiatrists (10th percentile) start around $76K. Mid-career wages sit at $260K. Top earners bring in $320K or more, a $245K spread from bottom to top.
Psychiatrists pay across states
Median income ranked highest to lowest, compared to the national figure
View Psychiatrists salary in all states
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| California | $354K | +25% | 5,420 |
| Louisiana | $345K | +22% | 90 |
| Alaska | $342K | +21% | 50 |
| Minnesota | $336K | +19% | 580 |
| Wisconsin | $331K | +17% | 550 |
| Connecticut | $327K | +16% | 560 |
| Florida | $316K | +12% | 1,930 |
| Oregon | $315K | +12% | 430 |
| Missouri | $313K | +11% | 240 |
| Maryland | $305K | +8% | 460 |
| Washington | $305K | +8% | 360 |
| Vermont | $303K | +7% | 80 |
| Maine | $300K | +6% | 80 |
| Utah | $300K | +6% | 260 |
| Iowa | $295K | +5% | 170 |
| Virginia | $295K | +5% | 370 |
| Michigan | $292K | +4% | 560 |
| Hawaii | $290K | +3% | 170 |
| Rhode Island | $288K | +2% | 270 |
| Indiana | $284K | +1% | 410 |
| Delaware | $279K | -1% | 100 |
| Pennsylvania | $279K | -1% | 830 |
| Kansas | $278K | -1% | 60 |
| Oklahoma | $272K | -4% | 80 |
| Colorado | $266K | -5% | 270 |
| New York | $266K | -6% | 4,130 |
| Illinois | $259K | -8% | 870 |
| Arizona | $250K | -11% | 380 |
| New Hampshire | $246K | -13% | 90 |
| Ohio | $245K | -13% | 690 |
| Kentucky | $238K | -16% | 160 |
| Georgia | $237K | -16% | 470 |
| South Carolina | $237K | -16% | 200 |
| Texas | $228K | -19% | 1,690 |
| New Mexico | $228K | -19% | N/A |
| South Dakota | $226K | -20% | 60 |
| Tennessee | $215K | -24% | 410 |
| Mississippi | $214K | -24% | 110 |
| Nevada | $210K | -25% | 90 |
| New Jersey | $194K | -31% | 1,290 |
| District of Columbia | $183K | -35% | 310 |
| North Carolina | $169K | -40% | 620 |
| Nebraska | $135K | -52% | 180 |
| Arkansas | $125K | -56% | 150 |
| Idaho | $75K | -73% | 110 |
| West Virginia | $63K | -78% | 90 |
Showing 1–10 of 46 states with published data
BLS does not publish data for every state when sample sizes are too small
Track psychiatrists salary changes
BLS updates this data quarterly. We'll email you when Albany-Schenectady-Troy numbers change.
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Frequently asked questions
Can a psychiatrist afford a 2BR apartment alone in Albany-Schenectady-Troy?
Yes — at the median salary of $260K, rent takes 11.7% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,702/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for psychiatrists in Albany-Schenectady-Troy?
The 10th-percentile wage — what new psychiatrists typically earn — is $76K/year. Take-home on that works out to about $4,538/month. At HUD’s $1,702/month FMR, rent would take 38% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is psychiatrist a high-paying job in Albany-Schenectady-Troy?
Pay here is roughly in line with the national average — $260K locally vs. $282K nationally, a 8% difference.
How does Albany-Schenectady-Troy compare to the national average for psychiatrists?
Albany-Schenectady-Troy pays $260K median vs. the U.S. average of $282K — that’s -8%. After adjusting for local cost of living (RPP 99.57), the purchasing-power equivalent is $261K — below the national median.
How much do psychiatrists make in Albany-Schenectady-Troy, NY?
The median is $260,000 a year, that works out to about $125 an hour. But the range is wide: entry-level workers start around $75,630, and experienced psychiatrists can clear $320,450. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $260K enough to live in Albany-Schenectady-Troy?
On that salary, you'd take home roughly $14,537/month after taxes. A 2-bedroom here rents for about $1,702/month, which eats 11.7% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a psychiatrists salary go in Albany-Schenectady-Troy?
Albany-Schenectady-Troy has a Regional Price Parity of 99.57 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median psychiatrists salary is worth about $261,123 in national-average purchasing power.
Where do psychiatrists get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.