Psychiatrists Salary
The median pay for a psychiatrists in Wisconsin is $331,070/year ($159.17/hour), per BLS data. The range runs from $86K at the entry level to $394K for experienced workers. Cost of living is below average (RPP 94.33), which stretches that salary to about $350,970 in buying power. Rent on a 2-bedroom averages $1,202/month, or 6.3% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across Wisconsin. Jump to a metro for precise data:
Where the paycheck goes
What $331K actually covers in Wisconsin, month by month
About psychiatrists
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What this looks like in Wisconsin
Wisconsin sits well above the national pay line for psychiatrists, local pay runs about 17% higher than the U.S. median of $282K. Housing is manageable: a 2-bedroom at the HUD median costs $1,202/month, 6.6% of take-home, well inside the 30% guideline. Regional Price Parity sits at 94.33 (national = 100), meaning everyday costs run about 6% cheaper here. Your dollar stretches further than the headline salary suggests. Combined with manageable housing costs, Wisconsin offers a genuinely strong financial position for psychiatrists at the median.
Compensation breakdown
Annual earnings by percentile, Wisconsin
Entry-level psychiatrists (10th percentile) start around $86K. Mid-career wages sit at $331K. Top earners bring in $394K or more, a $307K spread from bottom to top.
Psychiatrists salary by metro in Wisconsin
3 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Green Bay | $340K | +3% | 50 |
| Milwaukee-Waukesha | $332K | +0% | 180 |
| Madison | $296K | -11% | 160 |
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BLS updates this data annually. We'll email you when Wisconsin numbers change.
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Quick answers
The stuff people actually ask about this job
Can a psychiatrist afford a 2BR apartment alone in Wisconsin?
Yes — at the median salary of $331K, rent takes 6.6% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,202/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for psychiatrists in Wisconsin?
The 10th-percentile wage — what new psychiatrists typically earn — is $86K/year. Take-home on that works out to about $5,466/month. At HUD’s $1,202/month FMR, rent would take 22% of that take-home — manageable on an entry-level income.
Is psychiatrist a high-paying job in Wisconsin?
Local pay is 17% above the national median — $331K here vs. $282K nationally.
How does Wisconsin compare to the national average for psychiatrists?
Wisconsin pays $331K median vs. the U.S. average of $282K — that’s +17%. After adjusting for local cost of living (RPP 94.33), the purchasing-power equivalent is $351K — still ahead of the national median.
How much do psychiatrists make in Wisconsin?
The median is $331,070 a year, that works out to about $159 an hour. But the range is wide: entry-level workers start around $86,340, and experienced psychiatrists can clear $393,500. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $331K enough to live in Wisconsin?
On that salary, you'd take home roughly $18,120/month after taxes. A 2-bedroom here rents for about $1,202/month, which eats 6.6% 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 Wisconsin?
Wisconsin has a Regional Price Parity of 94.33 (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 $350,970 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.