Psychiatrists pay range in Albany
New workers and the lowest-paid 10% earn about $75,630 a year or less, while the top 10% make $320,450 or more. The middle half of psychiatrists in Albany earn between $96,980 and $309,730.
- $76K10th
- $97K25th
- $260KMedian
- $310K75th
- $320K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $224,460 | $18,705 | $107.91 |
| Median | $260,000 | $21,667 | $125.00 |
| Entry level (25th percentile) | $96,980 | $8,082 | $46.62 |
| Experienced (75th percentile) | $309,730 | $25,811 | $148.91 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Psychiatrists pay in Albany vs. New York and the U.S.
Psychiatrists in Albany earn 11% less than the New York average ($252,840) and 17% less than the U.S. average ($269,940). At the median the gap is -8% against the U.S. median of $281,870.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Albany | $224,460 | $260,000 | $75,630 | $320,450 | 160 |
| New York | $252,840 | $265,890 | $86,120 | $443,340 | 4,130 |
| 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 Albany
On the average salary of $224,460, a single filer in Albany takes home about $153,987 a year, or $12,832 a month and $5,923 every two weeks. Taxes take 31% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules). New York City (up to 3.876%) and Yonkers income taxes are not included.
Is Albany a good place for psychiatrists? Pay vs. cost of living
Prices in the Albany area are in line with the U.S. average (BEA price parity 99.6), so the average $224,460 buys what about $225,438 would buy in a typical U.S. metro. This job pays 4.4 times the median wage of all jobs in Albany ($58,460). A typical home costs $370,533, or 1.7 years of this average salary before tax.
Psychiatrists salary in other New York cities
Albany ranks 7th of 8 New York metro areas for this job; Kiryas Joel pays the most ($299,880).
- Kiryas Joel$299,880
- New York$251,460
- Utica$251,040
- Rochester$248,410
- Buffalo$243,710
- Binghamton$234,770
- Albany$224,460
- Ithaca$213,480
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 Albany: questions
How much do psychiatrists make an hour in Albany?
$107.91 an hour on average, and $125.00 at the median (BLS, May 2025).
What is the entry-level psychiatrists salary in Albany?
The lowest-paid 10% earn about $75,630 a year and the 25th percentile is $96,980, a fair guide to starting pay.
What is the psychiatrists take-home pay in Albany?
About $153,987 a year ($12,832 a month) for a single filer on the average salary of $224,460. New York City (up to 3.876%) and Yonkers income taxes are not included.
Do psychiatrists earn more in Albany than elsewhere?
The average here is 17% less 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 Albany-Schenectady-Troy, NY (10580). Relative standard error of the mean wage: 2.7%.
- 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). New York City (up to 3.876%) and Yonkers income taxes are not included.
- Job concentration: location quotient 1.95, this job is 1.9 times as concentrated as in the U.S. overall.
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