SOC 29-1223 · May 2025 · BLS OEWS
Psychiatrists — Albany
Albany-Schenectady-Troy, NY · 7 metro areas compared
The median wage here is $260,000 a year, within a few percent of the national median of $281,870.
Wage distribution · annual
Shaded band holds the middle 50% of earners
Salary overview
The median wage here is $260,000 a year, within a few percent of the national median of $281,870. Half of workers earn between $96,980 and $309,730. Beyond that band, the tenth percentile sits at $75,630 and the ninetieth at $320,450.
The area has 160 jobs in this occupation, giving a location quotient of 1.95 — a measure of how concentrated the occupation is here relative to the country as a whole. Kiryas Joel leads the state's metro areas for this occupation, at $314,450. Set against every other occupation measured in the same area, it ranks 3rd of 557 by median pay.
Percentile breakdown
| Percentile | Annual | vs US median |
|---|---|---|
| 10th | $75,630 | −73.2% |
| 25th | $96,980 | −65.6% |
| Median (50th) | $260,000 | −7.8% |
| 75th | $309,730 | +9.9% |
| 90th | $320,450 | +13.7% |
| Mean | $224,460 | −20.4% |
Other metro areas in New York
| # | Metro area | Median | Jobs | Relative |
|---|---|---|---|---|
| 1 | Kiryas Joel | $314,450 | 80 | |
| 2 | Ithaca | $280,210 | 40 | |
| 3 | Binghamton | $273,380 | 30 | |
| 4 | Utica | $256,870 | 40 | |
| 5 | New York | $249,130 | 4,180 | |
| 6 | Buffalo | $244,960 | 70 | |
| 7 | Rochester | $233,620 | 130 |
What the pay is worth locally
Prices in Albany run 7.9% above the national average, so the median of $260,000 buys what $240,964 would elsewhere in the country. Measured that way the gap against the national median narrows to 14.5% below the national median in real terms.
Published median
$260,000as reported by BLSLocal price level
107.9US average = 100 · BEA 2024Adjusted for local prices
$240,964US average = 100 · BEA 2024Key takeaways
- Median pay is $260,000 a year, 7.8% below the national median.
- Published pay spans $75,630 to $320,450 between the tenth and ninetieth percentiles.
- The area has 160 jobs in this occupation.
- The highest-paying metro area covered is Kiryas Joel, at $314,450.
Frequently asked questions
What is the median wage for Psychiatrists in Albany, NY?
The median annual wage is $260,000, or $125.00 per hour, as of May 2025. Half of the workers in this occupation earn more than that and half earn less.
Is that higher than the national average?
The national median for this occupation is $281,870, so pay in Albany, NY is 7.8% lower. These figures are medians, not averages: half of workers fall on each side.
What do the top earners make?
The top tenth of this occupation in Albany, NY earns more than $320,450 per year. The ninetieth percentile is the highest figure the survey publishes.
What is the starting range?
The tenth percentile wage is $75,630 per year. The survey measures wages actually paid rather than experience level, so this reflects the lowest-paid tenth rather than entry-level pay specifically.
Which area nearby pays the most?
The highest median for this occupation among the metro areas covered is in Kiryas Joel, at $314,450 per year.
How many jobs are there in this occupation here?
The survey estimates 160 jobs in this occupation in Albany, NY. Self-employed workers are not included.
Source and methodology
U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 Wages are for wage-and-salary workers; self-employed workers are not included. Salary Explorer is an independent project. It is not affiliated with, or endorsed by, the U.S. Bureau of Labor Statistics or any government agency. Full methodology.
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