Psychiatrists pay range in Madison
New workers and the lowest-paid 10% earn about $76,220 a year or less, while the top 10% make $453,440 or more. The middle half of psychiatrists in Madison earn between $76,220 and $335,190.
- $76K10th
- $76K25th
- $296KMedian
- $335K75th
- $453K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $257,090 | $21,424 | $123.60 |
| Median | $296,230 | $24,686 | $142.42 |
| Entry level (25th percentile) | $76,220 | $6,352 | $36.64 |
| Experienced (75th percentile) | $335,190 | $27,932 | $161.15 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Psychiatrists pay in Madison vs. Wisconsin and the U.S.
Psychiatrists in Madison earn 9% less than the Wisconsin average ($282,980) and 5% less than the U.S. average ($269,940). At the median the gap is +5% against the U.S. median of $281,870.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Madison | $257,090 | $296,230 | $76,220 | $453,440 | 160 |
| Wisconsin | $282,980 | $331,070 | $86,340 | $393,500 | 550 |
| 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 Madison
On the average salary of $257,090, a single filer in Madison takes home about $174,851 a year, or $14,571 a month and $6,725 every two weeks. Taxes take 32% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2026 rules).
Is Madison a good place for psychiatrists? Pay vs. cost of living
Prices in the Madison area are 3% below the U.S. average (BEA price parity 97.3), so the average $257,090 buys what about $264,259 would buy in a typical U.S. metro. This job pays 5.1 times the median wage of all jobs in Madison ($58,080). A typical home costs $452,769, or 1.8 years of this average salary before tax.
Psychiatrists salary in other Wisconsin cities
Madison ranks 3rd of 3 Wisconsin metro areas for this job; Green Bay pays the most ($320,080).
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 Madison: questions
How much do psychiatrists make an hour in Madison?
$123.60 an hour on average, and $142.42 at the median (BLS, May 2025).
What is the entry-level psychiatrists salary in Madison?
The lowest-paid 10% earn about $76,220 a year and the 25th percentile is $76,220, a fair guide to starting pay.
What is the psychiatrists take-home pay in Madison?
About $174,851 a year ($14,571 a month) for a single filer on the average salary of $257,090.
Do psychiatrists earn more in Madison than elsewhere?
The average here is 5% 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 Madison, WI (31540). Relative standard error of the mean wage: 5.7%.
- 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 (2026 rules).
- Job concentration: location quotient 2.11, this job is 2.1 times as concentrated as in the U.S. overall.
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