Psychiatrists pay range in Minneapolis
New workers and the lowest-paid 10% earn about $186,520 a year or less, while the top 10% make $539,400 or more. The middle half of psychiatrists in Minneapolis earn between $314,480 and $364,290.
- $187K10th
- $314K25th
- $336KMedian
- $364K75th
- $539K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $358,870 | $29,906 | $172.53 |
| Median | $336,410 | $28,034 | $161.74 |
| Entry level (25th percentile) | $314,480 | $26,207 | $151.19 |
| Experienced (75th percentile) | $364,290 | $30,358 | $175.14 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Psychiatrists pay in Minneapolis vs. Minnesota and the U.S.
Psychiatrists in Minneapolis earn 8% more than the Minnesota average ($333,320) and 33% more than the U.S. average ($269,940). At the median the gap is +19% against the U.S. median of $281,870.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Minneapolis | $358,870 | $336,410 | $186,520 | $539,400 | 330 |
| Minnesota | $333,320 | $336,410 | $90,470 | $446,520 | 580 |
| 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 Minneapolis
On the average salary of $358,870, a single filer in Minneapolis takes home about $223,912 a year, or $18,659 a month and $8,612 every two weeks. Taxes take 38% of gross pay.
The Minneapolis-St. Paul-Bloomington, MN-WI metro area crosses state lines, so take-home pay depends on the state where you work:
| State | Per year | Per month |
|---|---|---|
| Working in WI | $233,081 | $19,423 |
| Working in MN | $223,912 | $18,659 |
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2026 rules). Minnesota Paid Leave premiums are not included.
Is Minneapolis a good place for psychiatrists? Pay vs. cost of living
Prices in the Minneapolis area are 5% above the U.S. average (BEA price parity 104.8), so the average $358,870 buys what about $342,361 would buy in a typical U.S. metro. This job pays 5.7 times the median wage of all jobs in Minneapolis ($59,320). A typical home costs $393,774, or 1.1 years of this average salary before tax.
Psychiatrists salary in other Minnesota cities
Minneapolis ranks 1st of 2 Minnesota metro areas for this job, the best-paid in the state.
- Minneapolis$358,870
- Rochester$251,400
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 Minneapolis: questions
How much do psychiatrists make an hour in Minneapolis?
$172.54 an hour on average, and $161.74 at the median (BLS, May 2025).
What is the entry-level psychiatrists salary in Minneapolis?
The lowest-paid 10% earn about $186,520 a year and the 25th percentile is $314,480, a fair guide to starting pay.
What is the psychiatrists take-home pay in Minneapolis?
About $223,912 a year ($18,659 a month) for a single filer on the average salary of $358,870. Minnesota Paid Leave premiums are not included.
Do psychiatrists earn more in Minneapolis than elsewhere?
The average here is 33% 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 Minneapolis-St. Paul-Bloomington, MN-WI (33460). Relative standard error of the mean wage: 9.3%.
- 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 (2026 rules). Minnesota Paid Leave premiums are not included.
- Job concentration: location quotient 0.94, this job is about as common as in the U.S. overall.
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