Psychiatrists Salary
The median pay for a psychiatrists in Kentucky is $237,770/year ($114.31/hour), per BLS data. The range runs from $74K at the entry level to $362K for experienced workers. Cost of living is below average (RPP 90.23), which stretches that salary to about $263,515 in buying power. Rent on a 2-bedroom averages $1,110/month, or 7.8% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across Kentucky. Jump to a metro for precise data:
So what does $238K get you in Kentucky?
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What this looks like in Kentucky
Pay for psychiatrists in Kentucky runs about 16% below the U.S. median of $282K. Housing is manageable: a 2-bedroom at the HUD median costs $1,110/month, 8.1% of take-home, well inside the 30% guideline. Regional Price Parity sits at 90.23 (national = 100), meaning everyday costs run about 10% cheaper here. Your dollar stretches further than the headline salary suggests. Lower pay, lower costs, Kentucky can be a reasonable trade-off for psychiatristss who value affordability over top-dollar markets.
Compensation breakdown
Annual earnings by percentile, Kentucky
Entry-level psychiatrists (10th percentile) start around $74K. Mid-career wages sit at $238K. Top earners bring in $362K or more, a $287K spread from bottom to top.
Psychiatrists salary by metro in Kentucky
2 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Louisville/Jefferson County | $238K | +0% | 60 |
| Lexington-Fayette | $132K | -44% | 70 |
Compare to other states
Track psychiatrists salary changes
BLS updates this data quarterly. We'll email you when Kentucky numbers change.
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Frequently asked questions
Can a psychiatrist afford a 2BR apartment alone in Kentucky?
Yes — at the median salary of $238K, rent takes 8.1% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,110/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for psychiatrists in Kentucky?
The 10th-percentile wage — what new psychiatrists typically earn — is $74K/year. Take-home on that works out to about $4,452/month. At HUD’s $1,110/month FMR, rent would take 25% of that take-home — manageable on an entry-level income.
Is psychiatrist a high-paying job in Kentucky?
Local pay runs 16% below the national median — $238K here vs. $282K nationally. Cost of living is 10% below the national average, which narrows that gap in real purchasing power.
How does Kentucky compare to the national average for psychiatrists?
Kentucky pays $238K median vs. the U.S. average of $282K — that’s -16%. After adjusting for local cost of living (RPP 90.23), the purchasing-power equivalent is $264K — below the national median.
How much do psychiatrists make in Kentucky?
The median is $237,770 a year, that works out to about $114 an hour. But the range is wide: entry-level workers start around $74,200, and experienced psychiatrists can clear $361,640. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $238K enough to live in Kentucky?
On that salary, you'd take home roughly $13,767/month after taxes. A 2-bedroom here rents for about $1,110/month, which eats 8.1% 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 Kentucky?
Kentucky has a Regional Price Parity of 90.23 (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 $263,515 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.