Psychiatrists Salary

Yes — at the median salary of $101K, rent takes 26.2% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,735/month. That stays under the 30% guideline most financial planners use.

The 10th-percentile wage — what new psychiatrists typically earn — is $55K/year. Take-home on that works out to about $3,307/month. At HUD’s $1,735/month FMR, rent would take 52% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.

Local pay runs 64% below the national median — $101K here vs. $282K nationally.

Las Vegas-Henderson-North Las Vegas pays $101K median vs. the U.S. average of $282K — that’s -64%. After adjusting for local cost of living (RPP 100.22), the purchasing-power equivalent is $101K — below the national median.

The median is $100,880 a year, that works out to about $49 an hour. But the range is wide: entry-level workers start around $55,110, and experienced psychiatrists can clear $349,030. The mean (average) is $185,110, reflecting that some workers earn substantially more. These are BLS numbers, based on employer-reported data, not self-reported surveys.

On that salary, you'd take home roughly $6,613/month after taxes. A 2-bedroom here rents for about $1,735/month, which eats 26.2% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.

Las Vegas-Henderson-North Las Vegas has a Regional Price Parity of 100.22 (100 is the national average). Prices are above average here, so your dollar buys less than the same salary would in a cheaper metro. After cost-of-living adjustment, the median psychiatrists salary is worth about $100,659 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.