Psychiatrists Salary in Texas
Official Bureau of Labor Statistics Data - May 2024 - TX
Median Annual Salary in Texas
$242,304
$116.49 / hour
▼ 3.0% below national avg
National Median
$249,798
$120.10 / hour nationally
COL-Adjusted Purchasing Power
$256,950
Missouri equivalent (COL: 94.3)
Psychiatrists Salary in Texas
| Percentile | Annual Salary |
|---|---|
| 10th (Entry Level) | $128,421 |
| 25th Percentile | $174,459 |
| 50th (Median) | $242,304 |
| 75th Percentile | $334,380 |
| 90th (Top Earners) | $416,763 |
| Source: U.S. Bureau of Labor Statistics OEWS, May 2024 | |
Free: Top 50 Highest Paying Jobs by State
Printable guide - see which jobs pay the most in your state
Check your email! Your free resource is on its way. (Check spam if you don't see it.)
Cost of Living Adjusted Salary
The Texas median salary of $242,304 for Psychiatrists has the purchasing power of approximately $256,950 in Missouri (the COL baseline state with index 100).
Texas's lower cost of living (COL index: 94.3) means your salary goes further than in higher-cost states.
COL data: MERIC 2024 State Cost of Living Index. Missouri = 100 baseline.
Frequently Asked Questions
How much do Psychiatrists make in Texas?
Psychiatrists in Texas earn a median annual salary of $242,304 per year ($116.49/hr) according to BLS OEWS data (May 2024). This is below the national median of $249,798.
Is Texas a good state for Psychiatrists?
Texas pays slightly below the national average for psychiatrists. Cost of living in Texas is lower average (COL index: 94.3).
What is the cost-of-living adjusted salary for Psychiatrists in Texas?
After adjusting for cost of living (COL index: 94.3 vs. Missouri baseline of 100), the $242,304 salary in Texas has the purchasing power of approximately $256,950 in Missouri. Lower living costs in Texas increase real purchasing power.
How does Texas 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 Texas
| # | Job Title | Median Annual |
|---|---|---|
| 1 | Anesthesiologists | $322,234 |
| 2 | Radiologists | $300,622 |
| 3 | Orthopedic Surgeons, Except Pediatric | $297,033 |
| 4 | Neurologists | $286,732 |
| 5 | Surgeons, All Other | $285,684 |
| 6 | Psychiatrists | $242,304 |
| 7 | Physicians, Pathologists | $236,602 |
| 8 | General Internal Medicine Physicians | $236,040 |
| Source: BLS OEWS May 2024 | ||
About Psychiatrists in Texas
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