Psychiatrists Salary in Albany-Schenectady-Troy, NY
According to the latest U.S. Bureau of Labor Statistics data, the median annual wage for Psychiatrists in Albany-Schenectady-Troy, NY is $260,000. BLS estimates approximately 160 people work in this occupation in Albany-Schenectady-Troy, NY. Albany-Schenectady-Troy, NY is 7.8% below the national median ($281,870).
Salary Distribution
Not everyone earns the median. Percentile wages show the range of pay within this occupation.
| Percentile | Annual wage | Hourly wage |
|---|---|---|
| 10th percentile | $75,630 | $36.36 |
| 25th percentile | $96,980 | $46.63 |
| Median (50th) | $260,000 | $125.00 |
| 75th percentile | $309,730 | $148.91 |
| 90th percentile | $320,450 | $154.06 |
Data Reliability
BLS OEWS is a survey, not a full census — every estimate carries a margin of error. The relative standard error (RSE) below is BLS’s own measure of how much an estimate could vary; lower is more precise.
- Wage estimate
- RSE 2.7% — Very reliable
- Employment estimate
- RSE 4.3% — Very reliable
Where Does Your Salary Fall?
Enter an annual salary to see roughly where it falls among reported wages for this occupation, based on the percentile points above.
Concentration
- Jobs per 1,000
- 0.351
- Location quotient
- 1.95
Cost-of-Living Adjusted Salary
Albany-Schenectady-Troy, NY’s regional price level is below the national average (index 99.566, where 100 = U.S. average). Adjusted for that, the median salary has the purchasing power of $261,133 at the national price level.
This is a Career Atlas USA calculation based on BLS wage data and BEA Regional Price Parities. It is not a separate BLS wage estimate. Wage data: May 2025. Cost-of-living data: 2024.
Sources
Wage data: BLS Occupational Employment and Wage Statistics (OEWS) — May 2025 (release 25).
Figures shown as “Not available” reflect wages the source does not publish (e.g. suppressed for reliability), not zero.