SOC 29-1223 · Milwaukee-Waukesha, WI metro

Psychiatrists Salary in Milwaukee, WI

The average salary for psychiatrists in Milwaukee, Wisconsin is $295,700 a year ($142.16 an hour), according to BLS estimates for May 2025. The median is $331,500: half of the 180 people in this job in the Milwaukee-Waukesha, WI metro area earn more than that, half earn less. That average is 10% more than the U.S. average for this job ($269,940).

$295,700average per year

$142.16 / hourMedian $331,500Take-home ≈ $197,451

  • $138K10th
  • $224K25th
  • $332KMedian
  • $352K75th
  • $385K90th

median average · bar = middle 50% of workers · how to read it

180people in this job
+10%vs U.S. average
#2 of 3Wisconsin metros
97cost of living (U.S. = 100)
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Psychiatrists pay range in Milwaukee

New workers and the lowest-paid 10% earn about $137,720 a year or less, while the top 10% make $384,730 or more. The middle half of psychiatrists in Milwaukee earn between $224,390 and $352,050.

  • $138K10th
  • $224K25th
  • $332KMedian
  • $352K75th
  • $385K90th

median average · bar = middle 50% of workers · how to read it

Pay levelPer yearPer monthPer hour*
Average$295,700$24,642$142.16
Median$331,500$27,625$159.38
Entry level (25th percentile)$224,390$18,699$107.88
Experienced (75th percentile)$352,050$29,338$169.25

*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.

Psychiatrists pay in Milwaukee vs. Wisconsin and the U.S.

Psychiatrists in Milwaukee earn 4% more than the Wisconsin average ($282,980) and 10% more than the U.S. average ($269,940). At the median the gap is +18% against the U.S. median of $281,870.

AreaAverageMedian10th pct.90th pct.Jobs
Milwaukee$295,700$331,500$137,720$384,730180
Wisconsin$282,980$331,070$86,340$393,500550
United States$269,940$281,870$84,060$446,52027,980

State and U.S. rows: BLS statewide and national estimates, May 2025, which include rural areas.

Psychiatrists salary after taxes in Milwaukee

On the average salary of $295,700, a single filer in Milwaukee takes home about $197,451 a year, or $16,454 a month and $7,594 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 (2026 rules).

Wisconsin paycheck calculator: try your own salary

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Is Milwaukee a good place for psychiatrists? Pay vs. cost of living

Prices in the Milwaukee area are 3% below the U.S. average (BEA price parity 96.9), so the average $295,700 buys what about $305,043 would buy in a typical U.S. metro. This job pays 6.5 times the median wage of all jobs in Milwaukee ($51,160). A typical home costs $390,238, or 1.3 years of this average salary before tax.

See what $295,700 is worth in another city

Psychiatrists salary in other Wisconsin cities

Milwaukee ranks 2nd of 3 Wisconsin metro areas for this job; Green Bay pays the most ($320,080).

All Psychiatrists salaries in Wisconsin

Highest-paying cities for psychiatrists

Miami, FL pays this job the most of the metro areas we cover ($378,670).

Psychiatrists salary by city

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Reviewed before it counts. Psychiatrists in Milwaukee, WI.

Psychiatrists salary in Milwaukee: questions

How much do psychiatrists make an hour in Milwaukee?

$142.16 an hour on average, and $159.38 at the median (BLS, May 2025).

What is the entry-level psychiatrists salary in Milwaukee?

The lowest-paid 10% earn about $137,720 a year and the 25th percentile is $224,390, a fair guide to starting pay.

What is the psychiatrists take-home pay in Milwaukee?

About $197,451 a year ($16,454 a month) for a single filer on the average salary of $295,700.

Do psychiatrists earn more in Milwaukee than elsewhere?

The average here is 10% 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 Milwaukee-Waukesha, WI (33340). Relative standard error of the mean wage: 5.2%.
  • 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 1.19, this job is about as common as in the U.S. overall.

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