Psychiatrist Salary in Miami, FL
Psychiatrists in the Miami-Fort Lauderdale-West Palm Beach, FL metro area earn a median $403,430 a year — 43% more than the national median. After 2026 taxes, that is $279,976 take-home, or $23,331 a month.
Take-home pay calculator
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- Federal income tax$104,335
- Social Security (6.2%)$11,439
- Medicare (1.45%)$7,681
- Florida income tax$0
- Take-home pay$279,976
Marginal rate: 35% federal + 0.00% state
Psychiatrist pay by experience in Miami, FL
| Percentile | Salary | Hourly | Take-home / yr | Per month |
|---|---|---|---|---|
| 10th percentile (entry level) | $71,830 | $34.53 | $59,362 | $4,947 |
| 25th percentile | $182,310 | $87.65 | $135,875 | $11,323 |
| Median (50th) | $403,430+ | $193.96 | $279,976 | $23,331 |
| 75th percentile | $523,900+ | $251.88 | $355,450 | $29,621 |
| 90th percentile (top earners) | $629,280+ | $302.54 | $421,471 | $35,123 |
Wages: BLS Occupational Employment and Wage Statistics, May 2025. Take-home: single filer, Florida resident, 2026 tax rules.
What $403,430 buys in Miami, FL
Prices in Miami, FL are 14.2% higher than the U.S. average (housing costs are 1.56× the national average). Adjusted for local prices, a median psychiatrist's $279,976 take-home pay has the buying power of $245,259 in a typical American city.
Rents: HUD Fair Market Rents, FY2026 (40th-percentile gross rent incl. utilities). Price levels: BEA Regional Price Parities, 2024.
Miami, FL has 1.4× the national concentration of psychiatrist jobs — a strong local market for this occupation.
Best-paying cities for psychiatrists, adjusted for cost of living
Miami, FL ranks #1 of 7 metro areas once taxes and local prices are taken into account.
| # | Metro area | Median salary | Take-home | Real value* |
|---|---|---|---|---|
| 1 | Miami, FL | $239,200+ | $279,976 | $245,259 |
| 2 | Riverside, CA | $239,200+ | $221,194 | $207,807 |
| 3 | Los Angeles, CA | $239,200+ | $224,307 | $197,512 |
| 4 | Philadelphia, PA | $239,200+ | $193,699 | $188,875 |
| 5 | Chicago, IL | $239,200+ | $176,263 | $170,146 |
| 6 | New York, NY | $239,200+ | $168,708 | $149,879 |
| 7 | Washington, DC | $239,200+ | $163,180 | $149,866 |
*Take-home pay divided by the BEA price level, so every city is measured in U.S.-average dollars. See all 7 metros →
Frequently asked questions
How much does a psychiatrist make in Miami, FL?
The median psychiatrist salary in the Miami-Fort Lauderdale-West Palm Beach, FL metro area is $403,430 a year, or about $193.96 an hour, according to the Bureau of Labor Statistics (May 2025). The middle half earn between $182,310 and $239,200+.
What is a psychiatrist’s take-home pay in Miami, FL?
On the median $403,430 salary, a single filer living in Florida takes home about $279,976 a year ($23,331 a month) after federal tax, Social Security, Medicare in 2026.
Is Miami, FL a good place to work as a psychiatrist?
Pay here is 43% above the national median of $239,200+. Local prices are 14.2% above the U.S. average, so the take-home pay buys what $245,259 would in a typical U.S. city. Miami, FL ranks #1 of 7 metro areas for cost-of-living-adjusted pay in this job.
Can a psychiatrist afford rent in Miami, FL?
HUD’s fair market rent for a one-bedroom in Miami, FL is $1,942 a month ($2,359 for two bedrooms) — 8% of a median psychiatrist’s monthly take-home pay. Financial planners usually suggest keeping rent under about 30%.
Related jobs in Miami, FL
- Physicians, All Other — $232,960
- Dentists, General — $172,210
- Pharmacist — $135,210
- Physician Assistant — $132,360
- Nurse Practitioner — $131,340
- Veterinarian — $129,890
- Optometrist — $125,530
- Speech-Language Pathologist — $101,590
- Occupational Therapist — $101,480
- Physical Therapist — $100,870
- Chiropractor — $97,300
- Registered Nurse — $91,380