Psychiatrist salary in Madison, WI
Psychiatrists in the Madison, WI metro area earn a median of $296,230 a year ($142.42 an hour), based on BLS data for 160 workers.
Pay ranges from $76,220 for the lowest-paid 10% to $453,440 for the top 10%. That is 5% higher than the national median of $281,870. Pay here is 11% lower than the Wisconsin statewide median of $331,070. There are 0.38 psychiatrists per 1,000 jobs here — the job is 2.1× more common than nationally. The average (mean) salary is $257,090, close to the median.
Pay range for psychiatrists in Madison, WI
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $76,220 | $36.64 |
| 25th percentile | $76,220 | $36.64 |
| Median | $296,230 | $142.42 |
| 75th percentile | $335,190 | $161.15 |
| 90th percentile (top earners) | $453,440 | $218.00 |
| Average (mean) | $257,090 | $123.60 |
Half of psychiatrists earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $24,685.83 |
| Semi-monthly (24 a year) | $12,342.92 |
| Biweekly (26 a year) | $11,393.46 |
| Weekly | $5,696.73 |
| Hourly | $142.42 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Psychiatrist salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Green Bay, WI | $339,680 | 50 |
| Minneapolis-St. Paul-Bloomington, MN-WI | $336,410 | 330 |
| Milwaukee-Waukesha, WI | $331,500 | 180 |
Highest-paying states for psychiatrists
| State | Median salary |
|---|---|
| California | $353,500 |
| Louisiana | $345,040 |
| Alaska | $342,170 |
| Minnesota | $336,410 |
| Wisconsin | $331,070 |
| Connecticut | $326,670 |
| Florida | $316,200 |
| Oregon | $314,880 |
| Missouri | $312,680 |
| Maryland | $305,320 |
See Psychiatrist pay in every state or the Wisconsin statewide figures.
Related jobs in Madison, WI
| Job | Median salary | Hourly |
|---|---|---|
| Registered Nurse | $101,190 | $48.65 |
| Pharmacist | $158,120 | $76.02 |
| Physical Therapist | $102,810 | $49.43 |
| Physicians, All Other | $301,940 | $145.16 |
| Dental Hygienist | $100,340 | $48.24 |
| Occupational Therapist | $95,670 | $46.00 |
| Nurse Practitioner | $133,080 | $63.98 |
| Physician Assistant | $133,950 | $64.40 |
| Veterinarian | $115,210 | $55.39 |
| Speech-Language Pathologist | $86,890 | $41.78 |
| Respiratory Therapist | $81,530 | $39.20 |
| Dietitians and Nutritionists | $75,250 | $36.18 |
| Dentists, General | $176,460 | $84.84 |
| General Internal Medicine Physician | $329,670 | $158.50 |
More: Healthcare Practitioners and Technical Occupations · all salaries in Madison, WI
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 29-1223. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a psychiatrist make in Madison, WI?
The median salary for psychiatrists in the Madison, WI metro area is $296,230 a year, or $142.42 an hour. Pay ranges from $76,220 for the lowest-paid 10% to $453,440 for the top 10%.
How much do the highest-paid psychiatrists make in Madison, WI?
The top 10% of psychiatrists in the Madison, WI metro area earn at least $453,440 a year. The top 25% earn $335,190 or more.
What is the starting pay for psychiatrists in Madison, WI?
Entry-level pay (the 10th percentile) is about $76,220 a year, and a quarter of psychiatrists earn $76,220 or less.
How many psychiatrists work in Madison, WI?
About 160 psychiatrists are employed in the Madison, WI metro area, not counting the self-employed.