Psychiatrists pay range in Lexington
New workers and the lowest-paid 10% earn about $74,200 a year or less, while the top 10% make $361,640 or more. The middle half of psychiatrists in Lexington earn between $74,200 and $239,350.
- $74K10th
- $74K25th
- $132KMedian
- $239K75th
- $362K90th
median average · bar = middle 50% of workers · how to read it
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $173,860 | $14,488 | $83.59 |
| Median | $132,450 | $11,038 | $63.68 |
| Entry level (25th percentile) | $74,200 | $6,183 | $35.67 |
| Experienced (75th percentile) | $239,350 | $19,946 | $115.07 |
*Hourly figures assume 2,080 paid hours a year. Hourly to annual salary.
Psychiatrists pay in Lexington vs. Kentucky and the U.S.
Psychiatrists in Lexington earn 21% less than the Kentucky average ($221,190) and 36% less than the U.S. average ($269,940). At the median the gap is -53% against the U.S. median of $281,870.
| Area | Average | Median | 10th pct. | 90th pct. | Jobs |
|---|---|---|---|---|---|
| Lexington | $173,860 | $132,450 | $74,200 | $361,640 | 70 |
| Kentucky | $221,190 | $237,770 | $74,200 | $361,640 | 160 |
| United States | $269,940 | $281,870 | $84,060 | $446,520 | 27,980 |
State and U.S. rows: BLS statewide and national estimates, May 2025, which include rural areas.
Psychiatrists salary after taxes in Lexington
On the average salary of $173,860, a single filer in Lexington takes home about $119,351 a year, or $9,946 a month and $4,590 every two weeks. Taxes take 31% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2026 rules). Includes Lexington's local income tax (2.75%).
Is Lexington a good place for psychiatrists? Pay vs. cost of living
Prices in the Lexington area are 7% below the U.S. average (BEA price parity 92.9), so the average $173,860 buys what about $187,170 would buy in a typical U.S. metro. This job pays 2.7 times the median wage of all jobs in Lexington ($48,620). A typical home costs $327,671, or 1.9 years of this average salary before tax.
Psychiatrists salary in other Kentucky cities
Lexington ranks 2nd of 2 Kentucky metro areas for this job; Louisville pays the most ($244,750).
- Louisville$244,750
- Lexington$173,860
Highest-paying cities for psychiatrists
Miami, FL pays this job the most of the metro areas we cover ($378,670).
- Miami, FL$378,670
- San Jose, CA$364,570
- Minneapolis, MN$358,870
- Los Angeles, CA$358,510
- St. Louis, MO$357,180
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Psychiatrists salary in Lexington: questions
How much do psychiatrists make an hour in Lexington?
$83.59 an hour on average, and $63.68 at the median (BLS, May 2025).
What is the entry-level psychiatrists salary in Lexington?
The lowest-paid 10% earn about $74,200 a year and the 25th percentile is $74,200, a fair guide to starting pay.
What is the psychiatrists take-home pay in Lexington?
About $119,351 a year ($9,946 a month) for a single filer on the average salary of $173,860. Includes Lexington's local income tax (2.75%).
Do psychiatrists earn more in Lexington than elsewhere?
The average here is 36% less than the U.S. average for this job ($269,940).
Sources and how to read this page
- Wages: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), May 2025 estimates for metropolitan areas. SOC code 29-1223; area Lexington-Fayette, KY (30460). Relative standard error of the mean wage: 4.7%.
- U.S. and statewide figures: BLS OEWS national and state estimates, May 2025, every employer including rural areas.
- Cost of living: Bureau of Economic Analysis regional price parities (RPP), 2024; 100 = U.S. average.
- Home value: Zillow Home Value Index. Typical-wage figure: OEWS all occupations, same metro.
- Take-home pay: Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2026 rules). Includes Lexington's local income tax (2.75%).
- Job concentration: location quotient 1.34, this job is 1.3 times as concentrated as in the U.S. overall.
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