Psychiatrists pay range in Richmond
New workers and the lowest-paid 10% earn about $132,830 a year or less, while the top 10% make $342,870 or more. The middle half of psychiatrists in Richmond earn between $213,760 and $331,220.
- $133K10th
- $214K25th
- $291KMedian
- $331K75th
- $343K90th
median average · bar = middle 50% of workers
| Pay level | Per year | Per month | Per hour* |
|---|---|---|---|
| Average | $271,380 | $22,615 | $130.47 |
| Median | $290,900 | $24,242 | $139.86 |
| Entry level (25th percentile) | $213,760 | $17,813 | $102.77 |
| Experienced (75th percentile) | $331,220 | $27,602 | $159.24 |
*Hourly figures assume 2,080 paid hours a year.
Psychiatrists salary after taxes in Richmond
On the average salary of $271,380, a single filer in Richmond takes home about $182,428 a year, or $15,202 a month and $7,016 every two weeks. Taxes take 33% of gross pay.
Single filer, standard deduction: federal income tax (2026 brackets), Social Security, Medicare and state income tax (2025 rules).
Is Richmond a good place for psychiatrists? Pay vs. cost of living
Prices in the Richmond area are 2% below the U.S. average (BEA price parity 97.9), so the average $271,380 buys what about $277,320 would buy in a typical U.S. metro. This job pays 5.7 times the median wage of all jobs in Richmond ($51,460). A typical home costs $397,705, or 1.5 years of this average salary before tax.
Psychiatrists salary in other Virginia cities
Richmond ranks 2nd of 3 Virginia metro areas for this job; Roanoke pays the most ($278,300).
- Roanoke$278,300
- Richmond$271,380
- Virginia Beach$255,430
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 Richmond: questions
How much do psychiatrists make an hour in Richmond?
$130.47 an hour on average, and $139.86 at the median (BLS, May 2025).
What is the entry-level psychiatrists salary in Richmond?
The lowest-paid 10% earn about $132,830 a year and the 25th percentile is $213,760, a fair guide to starting pay.
What is the psychiatrists take-home pay in Richmond?
About $182,428 a year ($15,202 a month) for a single filer on the average salary of $271,380.
Do psychiatrists earn more in Richmond than elsewhere?
The average here is about the same as the U.S. metro average for this job ($274,472).
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 Richmond, VA (40060). Relative standard error of the mean wage: 3.7%.
- 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 (2025 rules).
- Job concentration: location quotient 0.45, this job is less common than in the U.S. overall (location quotient 0.45).
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