Psychiatrists Salary
The median pay for a psychiatrists in Maryland is $305,320/year ($146.79/hour), per BLS data. The range runs from $155K at the entry level to $450K for experienced workers. Adjusted for local prices (RPP 98.76), that's roughly $309,154 in purchasing power. Rent on a 2-bedroom averages $1,795/month, or 10.6% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across Maryland. Jump to a metro for precise data:
So what does $305K get you in Maryland?
About psychiatrists
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What this looks like in Maryland
Psychiatrists pay in Maryland tracks closely to the national median, $305K locally vs. $282K nationwide, a 8% difference. Housing is manageable: a 2-bedroom at the HUD median costs $1,795/month, 10.7% of take-home, well inside the 30% guideline. Cost of living (RPP 98.76) 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.
Compensation breakdown
Annual earnings by percentile, Maryland
Entry-level psychiatrists (10th percentile) start around $155K. Mid-career wages sit at $305K. Top earners bring in $450K or more, a $295K spread from bottom to top.
Psychiatrists salary by metro in Maryland
1 metro area with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Baltimore-Columbia-Towson | $318K | +4% | 240 |
Compare to other states
Track psychiatrists salary changes
BLS updates this data quarterly. We'll email you when Maryland numbers change.
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Frequently asked questions
Can a psychiatrist afford a 2BR apartment alone in Maryland?
Yes — at the median salary of $305K, rent takes 10.7% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,795/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for psychiatrists in Maryland?
The 10th-percentile wage — what new psychiatrists typically earn — is $155K/year. Take-home on that works out to about $9,283/month. At HUD’s $1,795/month FMR, rent would take 19% of that take-home — manageable on an entry-level income.
Is psychiatrist a high-paying job in Maryland?
Pay here is roughly in line with the national average — $305K locally vs. $282K nationally, a 8% difference.
How does Maryland compare to the national average for psychiatrists?
Maryland pays $305K median vs. the U.S. average of $282K — that’s +8%. After adjusting for local cost of living (RPP 98.76), the purchasing-power equivalent is $309K — still ahead of the national median.
How much do psychiatrists make in Maryland?
The median is $305,320 a year, that works out to about $147 an hour. But the range is wide: entry-level workers start around $154,720, and experienced psychiatrists can clear $449,640. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $305K enough to live in Maryland?
On that salary, you'd take home roughly $16,840/month after taxes. A 2-bedroom here rents for about $1,795/month, which eats 10.7% 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 Maryland?
Maryland has a Regional Price Parity of 98.76 (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 $309,154 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.