Psychiatrists Salary

Yes — at the median salary of $231K, rent takes 28.4% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $3,604/month. That stays under the 30% guideline most financial planners use.

The 10th-percentile wage — what new psychiatrists typically earn — is $102K/year. Take-home on that works out to about $6,132/month. At HUD’s $3,604/month FMR, rent would take 59% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.

Local pay runs 18% below the national median — $231K here vs. $282K nationally.

San Francisco-Oakland-Fremont pays $231K median vs. the U.S. average of $282K — that’s -18%. After adjusting for local cost of living (RPP 115.61), the purchasing-power equivalent is $199K — below the national median.

The median is $230,560 a year, that works out to about $111 an hour. But the range is wide: entry-level workers start around $102,200, and experienced psychiatrists can clear $477,950. These are BLS numbers, based on employer-reported data, not self-reported surveys.

On that salary, you'd take home roughly $12,700/month after taxes. A 2-bedroom here rents for about $3,604/month, which eats 28.4% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.

San Francisco-Oakland-Fremont has a Regional Price Parity of 115.61 (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 $199,429 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.