Psychiatrists Salary
The median pay for a psychiatrists in Minneapolis-St. Paul-Bloomington, MN-WI is $336,410/year ($161.74/hour), per BLS data. The range runs from $187K at the entry level to $539K for experienced workers. Adjusted for local prices (RPP 104.82), that's roughly $320,941 in purchasing power. Rent on a 2-bedroom averages $1,709/month, or 9.1% of estimated take-home pay.
So what does $336K get you in Minneapolis-St. Paul-Bloomington?
Groceries, utilities, transportation, and healthcare scaled from national averages by Minneapolis-St. Paul-Bloomington’s Regional Price Parity (104.82). 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 Minneapolis-St. Paul-Bloomington
Minneapolis-St. Paul-Bloomington sits well above the national pay line for psychiatrists, local pay runs about 19% higher than the U.S. median of $282K. Housing is manageable: a 2-bedroom at the HUD median costs $1,709/month, 9.7% of take-home, well inside the 30% guideline. Cost of living (RPP 104.82) is near the national average, so spending patterns here track the typical American budget fairly closely. Combined with manageable housing costs, Minneapolis-St. Paul-Bloomington offers a genuinely strong financial position for psychiatristss at the median.
Compared to nearby metros
Median pay for psychiatrists in metros near Minneapolis-St. Paul-Bloomington, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Rochester | $342K | $376K |
| Milwaukee-Waukesha | $332K | $342K |
| Madison | $296K | $304K |
| Des Moines-West Des Moines | $358K | $390K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Minneapolis-St. Paul-Bloomington, MN-WI
Entry-level psychiatrists (10th percentile) start around $187K. Mid-career wages sit at $336K. Top earners bring in $539K or more, a $353K 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 Minneapolis-St. Paul-Bloomington numbers change.
Related careers in Healthcare
Frequently asked questions
Can a psychiatrist afford a 2BR apartment alone in Minneapolis-St. Paul-Bloomington?
Yes — at the median salary of $336K, rent takes 9.7% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,709/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for psychiatrists in Minneapolis-St. Paul-Bloomington?
The 10th-percentile wage — what new psychiatrists typically earn — is $187K/year. Take-home on that works out to about $11,191/month. At HUD’s $1,709/month FMR, rent would take 15% of that take-home — manageable on an entry-level income.
Is psychiatrist a high-paying job in Minneapolis-St. Paul-Bloomington?
Local pay is 19% above the national median — $336K here vs. $282K nationally.
How does Minneapolis-St. Paul-Bloomington compare to the national average for psychiatrists?
Minneapolis-St. Paul-Bloomington pays $336K median vs. the U.S. average of $282K — that’s +19%. After adjusting for local cost of living (RPP 104.82), the purchasing-power equivalent is $321K — still ahead of the national median.
How much do psychiatrists make in Minneapolis-St. Paul-Bloomington, MN-WI?
The median is $336,410 a year, that works out to about $162 an hour. But the range is wide: entry-level workers start around $186,520, and experienced psychiatrists can clear $539,400. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $336K enough to live in Minneapolis-St. Paul-Bloomington?
On that salary, you'd take home roughly $17,565/month after taxes. A 2-bedroom here rents for about $1,709/month, which eats 9.7% 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 Minneapolis-St. Paul-Bloomington?
Minneapolis-St. Paul-Bloomington has a Regional Price Parity of 104.82 (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 $320,941 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.