Psychiatrists Salary
The median pay for a psychiatrists in Toledo, OH is $233,210/year ($112.12/hour), per BLS data. The range runs from $82K at the entry level to $393K for experienced workers. Cost of living is below average (RPP 91.45), which stretches that salary to about $255,014 in buying power. Rent on a 2-bedroom averages $1,076/month, or 7.8% of estimated take-home pay.
So what does $233K get you in Toledo?
Groceries, utilities, transportation, and healthcare scaled from national averages by Toledo’s Regional Price Parity (91.45). 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
Sponsored links, AffordMap may earn a commission at no cost to you. Learn more
What this looks like in Toledo
Pay for psychiatrists in Toledo runs about 17% below the U.S. median of $282K. Housing is manageable: a 2-bedroom at the HUD median costs $1,076/month, 7.8% of take-home, well inside the 30% guideline. Regional Price Parity sits at 91.45 (national = 100), meaning everyday costs run about 9% cheaper here. Your dollar stretches further than the headline salary suggests. Lower pay, lower costs, Toledo can be a reasonable trade-off for psychiatristss who value affordability over top-dollar markets.
Compared to nearby metros
Median pay for psychiatrists in metros near Toledo, adjusted for local cost of living.
| Metro | Median pay | COL-adjusted |
|---|---|---|
| Cincinnati | $262K | $274K |
| Cleveland | $272K | $289K |
| Columbus | $221K | $231K |
| Akron | $289K | $310K |
COL-adjusted = median salary ÷ (BEA Regional Price Parity ÷ 100). Expresses purchasing power in national-average dollars.
Compensation breakdown
Annual earnings by percentile, Toledo, OH
Entry-level psychiatrists (10th percentile) start around $82K. Mid-career wages sit at $233K. Top earners bring in $393K or more, a $311K 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 Toledo numbers change.
Related careers in Healthcare
Frequently asked questions
Can a psychiatrist afford a 2BR apartment alone in Toledo?
Yes — at the median salary of $233K, rent takes 7.8% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,076/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for psychiatrists in Toledo?
The 10th-percentile wage — what new psychiatrists typically earn — is $82K/year. Take-home on that works out to about $4,900/month. At HUD’s $1,076/month FMR, rent would take 22% of that take-home — manageable on an entry-level income.
Is psychiatrist a high-paying job in Toledo?
Local pay runs 17% below the national median — $233K here vs. $282K nationally. Cost of living is 9% below the national average, which narrows that gap in real purchasing power.
How does Toledo compare to the national average for psychiatrists?
Toledo pays $233K median vs. the U.S. average of $282K — that’s -17%. After adjusting for local cost of living (RPP 91.45), the purchasing-power equivalent is $255K — below the national median.
How much do psychiatrists make in Toledo, OH?
The median is $233,210 a year, that works out to about $112 an hour. But the range is wide: entry-level workers start around $81,670, and experienced psychiatrists can clear $393,140. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $233K enough to live in Toledo?
On that salary, you'd take home roughly $13,749/month after taxes. A 2-bedroom here rents for about $1,076/month, which eats 7.8% 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 Toledo?
Toledo has a Regional Price Parity of 91.45 (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 $255,014 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.