Psychiatrists pay range in Indianapolis
New workers and the lowest-paid 10% earn about $194,840 a year or less, while the top 10% make $454,930 or more. The middle half of psychiatrists in Indianapolis earn between $232,380 and $446,860.
- $195K10th
- $232K25th
- $283KMedian
- $447K75th
- $455K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $303,210 | $25,268 | $145.77 |
| Median | $282,600 | $23,550 | $135.87 |
| Entry level (25th percentile) | $232,380 | $19,365 | $111.72 |
| Experienced (75th percentile) | $446,860 | $37,238 | $214.84 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Psychiatrists pay in Indianapolis vs. Indiana and the U.S.
Psychiatrists in Indianapolis earn about the same as the Indiana average ($297,220) and 12% more than the U.S. average ($269,940). At the median the gap is +0% against the U.S. median of $281,870.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Indianapolis | $303,210 | $282,600 | $194,840 | $454,930 | 250 |
| Indiana | $297,220 | $284,110 | $161,820 | $454,930 | 410 |
| United States | $269,940 | $281,870 | $84,060 | $446,520 | 27,980 |
State and U.S. rows: BLS statewide and national estimates, May 2025, which include rural areas.
Psychiatrists salary after taxes in Indianapolis
On the average salary of $303,210, a single filer in Indianapolis takes home about $202,017 a year, or $16,835 a month and $7,770 every two weeks. Taxes take 33% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules). Includes Indianapolis's local income tax (2.02%).
Is Indianapolis a good place for psychiatrists? Pay vs. cost of living
Prices in the Indianapolis area are 4% below the U.S. average (BEA price parity 95.7), so the average $303,210 buys what about $316,847 would buy in a typical U.S. metro. This job pays 5.7 times the median wage of all jobs in Indianapolis ($49,340). A typical home costs $295,921, or 1.0 years of this average salary before tax.
Psychiatrists salary in nearby metro areas
- Cincinnati, OH$272,280
- Dayton, OH$138,740
- Louisville, KY$244,750
- Lexington, KY$173,860
- Chicago, IL$268,830
- Columbus, OH$225,920
Highest-paying cities for psychiatrists
Miami, FL pays this job the most of the metro areas we cover ($378,670).
- Miami, FL$378,670
- San Jose, CA$364,570
- Minneapolis, MN$358,870
- Los Angeles, CA$358,510
- St. Louis, MO$357,180
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Psychiatrists salary in Indianapolis: questions
How much do psychiatrists make an hour in Indianapolis?
$145.78 an hour on average, and $135.87 at the median (BLS, May 2025).
What is the entry-level psychiatrists salary in Indianapolis?
The lowest-paid 10% earn about $194,840 a year and the 25th percentile is $232,380, a fair guide to starting pay.
What is the psychiatrists take-home pay in Indianapolis?
About $202,017 a year ($16,835 a month) for a single filer on the average salary of $303,210. Includes Indianapolis's local income tax (2.02%).
Do psychiatrists earn more in Indianapolis than elsewhere?
The average here is 12% more than the U.S. average for this job ($269,940).
Sources and how to read this page
- Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 29-1223; area Indianapolis-Carmel-Greenwood, IN (26900). Relative standard error of the mean wage: 11.3%.
- U.S. and statewide figures: BLS OEWS national and state estimates, May 2025, every employer including rural areas.
- Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
- Home value: Zillow Home Value Index. Typical-wage figure: OEWS all occupations, same metro.
- Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules). Includes Indianapolis's local income tax (2.02%).
- Job concentration: location quotient 1.27, this job is 1.3 times as concentrated as in the U.S. overall.
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