Psychiatrists Salary
The median pay for a psychiatrists in Binghamton, NY is $273,380/year ($131.43/hour), per BLS data. The range runs from $74K at the entry level to $321K for experienced workers. Cost of living is below average (RPP 92.86), which stretches that salary to about $294,400 in buying power. Rent on a 2-bedroom averages $1,103/month, or 7.3% of estimated take-home pay.
So what does $273K get you in Binghamton?
Groceries, utilities, transportation, and healthcare scaled from national averages by Binghamton’s Regional Price Parity (92.86). 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 Binghamton
Psychiatrists pay in Binghamton tracks closely to the national median, $273K locally vs. $282K nationwide, a 3% difference. Housing is manageable: a 2-bedroom at the HUD median costs $1,103/month, 7.3% of take-home, well inside the 30% guideline. Regional Price Parity sits at 92.86 (national = 100), meaning everyday costs run about 7% cheaper here. Your dollar stretches further than the headline salary suggests. Use the affordability calculator above to model your specific situation.
Compared to nearby metros
Median pay for psychiatrists in metros near Binghamton, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| New York-Newark-Jersey City | $249K | $221K |
| Albany-Schenectady-Troy | $260K | $261K |
| Rochester | $234K | $241K |
| Kiryas Joel-Poughkeepsie-Newburgh | $314K | $287K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Binghamton, NY
Entry-level psychiatrists (10th percentile) start around $74K. Mid-career wages sit at $273K. Top earners bring in $321K or more, a $247K 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 Binghamton numbers change.
Related careers in Healthcare
Frequently asked questions
Can a psychiatrist afford a 2BR apartment alone in Binghamton?
Yes — at the median salary of $273K, rent takes 7.3% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,103/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for psychiatrists in Binghamton?
The 10th-percentile wage — what new psychiatrists typically earn — is $74K/year. Take-home on that works out to about $4,432/month. At HUD’s $1,103/month FMR, rent would take 25% of that take-home — manageable on an entry-level income.
Is psychiatrist a high-paying job in Binghamton?
Pay here is roughly in line with the national average — $273K locally vs. $282K nationally, a 3% difference.
How does Binghamton compare to the national average for psychiatrists?
Binghamton pays $273K median vs. the U.S. average of $282K — that’s -3%. After adjusting for local cost of living (RPP 92.86), the purchasing-power equivalent is $294K — still ahead of the national median.
How much do psychiatrists make in Binghamton, NY?
The median is $273,380 a year, that works out to about $131 an hour. But the range is wide: entry-level workers start around $73,860, and experienced psychiatrists can clear $320,970. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $273K enough to live in Binghamton?
On that salary, you'd take home roughly $15,173/month after taxes. A 2-bedroom here rents for about $1,103/month, which eats 7.3% 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 Binghamton?
Binghamton has a Regional Price Parity of 92.86 (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 $294,400 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.