Psychiatrists Salary in Rhode Island
Official Bureau of Labor Statistics Data - May 2024 - RI
Median Annual Salary in Rhode Island
$262,288
$126.10 / hour
▲ 5.0% above national avg
National Median
$249,798
$120.10 / hour nationally
COL-Adjusted Purchasing Power
$217,126
Missouri equivalent (COL: 120.8)
Psychiatrists Salary in Rhode Island
| Percentile | Annual Salary |
|---|---|
| 10th (Entry Level) | $139,013 |
| 25th Percentile | $188,847 |
| 50th (Median) | $262,288 |
| 75th Percentile | $361,957 |
| 90th (Top Earners) | $451,135 |
| Source: U.S. Bureau of Labor Statistics OEWS, May 2024 | |
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Cost of Living Adjusted Salary
The Rhode Island median salary of $262,288 for Psychiatrists has the purchasing power of approximately $217,126 in Missouri (the COL baseline state with index 100).
Rhode Island's higher cost of living (COL index: 120.8) reduces the real purchasing power of wages compared to lower-cost states.
COL data: MERIC 2024 State Cost of Living Index. Missouri = 100 baseline.
Frequently Asked Questions
How much do Psychiatrists make in Rhode Island?
Psychiatrists in Rhode Island earn a median annual salary of $262,288 per year ($126.10/hr) according to BLS OEWS data (May 2024). This is above the national median of $249,798.
Is Rhode Island a good state for Psychiatrists?
Rhode Island pays above the national average for psychiatrists, making it a competitive market for this occupation. Cost of living in Rhode Island is higher average (COL index: 120.8).
What is the cost-of-living adjusted salary for Psychiatrists in Rhode Island?
After adjusting for cost of living (COL index: 120.8 vs. Missouri baseline of 100), the $262,288 salary in Rhode Island has the purchasing power of approximately $217,126 in Missouri. Higher living costs in Rhode Island reduce real purchasing power.
How does Rhode Island compare to neighboring states for Psychiatrists salaries?
For detailed comparison across all states, see the full Psychiatrists salary page at the national level, which includes a complete 50-state salary table.
Top Paying Jobs in Rhode Island
| # | Job Title | Median Annual |
|---|---|---|
| 1 | Anesthesiologists | $348,810 |
| 2 | Radiologists | $325,416 |
| 3 | Orthopedic Surgeons, Except Pediatric | $321,531 |
| 4 | Neurologists | $310,380 |
| 5 | Surgeons, All Other | $309,246 |
| 6 | Ophthalmologists, Except Pediatric | $285,474 |
| 7 | Psychiatrists | $262,288 |
| 8 | Physicians, Pathologists | $256,116 |
| Source: BLS OEWS May 2024 | ||
About Psychiatrists in Rhode Island
Psychiatrists work in their specialized field applying expertise and skills to deliver value in their organization. This occupation is part of the healthcare sector of the U.S. economy.
Education Required: Bachelor's degree