Psychiatrist Salary in New York, NY
Psychiatrists in the New York-Newark-Jersey City, NY-NJ metro area earn a median $239,200+ a year — 12% less than the national median. After 2026 taxes, that is $168,708 take-home, or $14,059 a month.
Take-home pay calculator
Pre-filled with the median psychiatrist salary in New York, NY. Enter your own offer to see your paycheck.
- Federal income tax$51,026
- Social Security (6.2%)$11,439
- Medicare (1.45%)$4,055
- New York income tax$13,903
- Take-home pay$168,708
Marginal rate: 32% federal + 6.85% state
Living in New York City? City residents also pay New York City’s city income tax — about $9,221 a year on this salary — which lowers take-home pay to $159,487 ($13,291 a month). Choose “New York City” under City income tax in the calculator. Suburban residents usually don’t pay it.
The New York-Newark-Jersey City, NY-NJ metro spans New York, New Jersey. Pick the state you live in — state income tax follows your residence.
Got an offer somewhere else? Compare it with this one after taxes and rent →
Psychiatrist pay by experience in New York, NY
| Percentile | Salary | Hourly | Take-home / yr | Per month |
|---|---|---|---|---|
| 10th percentile (entry level) | $87,120 | $41.88 | $66,011 | $5,501 |
| 25th percentile | $105,960 | $50.94 | $78,161 | $6,513 |
| Median (50th) | $249,130+ | $119.77 | $168,708 | $14,059 |
| 75th percentile | $348,900+ | $167.74 | $225,076 | $18,756 |
| 90th percentile (top earners) | $443,340+ | $213.14 | $277,773 | $23,148 |
Wages: BLS Occupational Employment and Wage Statistics, May 2025. Take-home: single filer, New York resident, 2026 tax rules.
What $239,200+ buys in New York, NY
Prices in New York, NY are 12.6% higher than the U.S. average (housing costs are 1.49× the national average). Adjusted for local prices, a median psychiatrist's $168,708 take-home pay has the buying power of $149,879 in a typical American city.
Rents: HUD Fair Market Rents, FY2026 (40th-percentile gross rent incl. utilities). Price levels: BEA Regional Price Parities, 2024.
New York, NY has 2.4× the national concentration of psychiatrist jobs — a strong local market for this occupation.
Best-paying cities for psychiatrists, adjusted for cost of living
New York, NY ranks #1 of 1 metro areas once taxes and local prices are taken into account.
| # | Metro area | Median salary | Take-home | Real value* |
|---|---|---|---|---|
| 1 | New York, NY | $239,200+ | $168,708 | $149,879 |
*Take-home pay divided by the BEA price level, so every city is measured in U.S.-average dollars. See all 1 metros →
About the job: psychiatrists
Diagnose, treat, and help prevent mental disorders.
- Typical education
- Doctoral or professional degree
- Work experience
- None required
- On-the-job training
- Internship/residency
- Job outlook, 2025–35
- +7.2% (faster than average)
Source: BLS Standard Occupational Classification and Employment Projections, 2025–35.
Frequently asked questions
How much does a psychiatrist make in New York, NY?
The median psychiatrist salary in the New York-Newark-Jersey City, NY-NJ metro area is $239,200+ a year, or about $119.77 an hour, according to the Bureau of Labor Statistics (May 2025). The middle half earn between $105,960 and $239,200+.
What is a psychiatrist’s take-home pay in New York, NY?
On the median $239,200+ salary, a single filer living in New York takes home about $168,708 a year ($14,059 a month) after federal tax, Social Security, Medicare and $13,903 in New York taxes in 2026.
Is New York, NY a good place to work as a psychiatrist?
Pay here is 12% below the national median of $239,200+. Local prices are 12.6% above the U.S. average, so the take-home pay buys what $149,879 would in a typical U.S. city. New York, NY ranks #1 of 1 metro areas for cost-of-living-adjusted pay in this job.
Can a psychiatrist afford rent in New York, NY?
HUD’s fair market rent for a one-bedroom in New York, NY is $2,378 a month ($2,697 for two bedrooms) — 17% of a median psychiatrist’s monthly take-home pay. Financial planners usually suggest keeping rent under about 30%.
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