Psychiatrists Salary

Yes — at the median salary of $249K, rent takes 10.4% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,573/month. That stays under the 30% guideline most financial planners use.

The 10th-percentile wage — what new psychiatrists typically earn — is $73K/year. Take-home on that works out to about $4,400/month. At HUD’s $1,573/month FMR, rent would take 36% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.

Local pay runs 12% below the national median — $249K here vs. $282K nationally.

Houston-Pasadena-The Woodlands pays $249K median vs. the U.S. average of $282K — that’s -12%. After adjusting for local cost of living (RPP 98.63), the purchasing-power equivalent is $253K — below the national median.

The median is $249,070 a year, that works out to about $120 an hour. But the range is wide: entry-level workers start around $73,330, and experienced psychiatrists can clear $441,850. These are BLS numbers, based on employer-reported data, not self-reported surveys.

On that salary, you'd take home roughly $15,178/month after taxes. A 2-bedroom here rents for about $1,573/month, which eats 10.4% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.

Houston-Pasadena-The Woodlands has a Regional Price Parity of 98.63 (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 $252,530 in national-average purchasing power.

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.