How Much Do Geriatric Psychiatrists Make?
Having a clear understanding of earnings potential is important, especially if you are researching career paths or considering changing jobs. If you're one of those people, and you're curious what kind of salary geriatric psychiatrists make, you've come to the right place.
Using data from Lightcast,™ the Best Adult Colleges and Careers Guide has compiled rich information about salary for geriatric psychiatrists and related jobs, including details about average compensation, salary trends and job growth. We've also gathered advertised salaries from actual job postings to provide insight into what employers of geriatric psychiatrists are offering as compensation.
Keep reading to learn more about how much geriatric psychiatrists can expect to make in the United States.
At a Glance: Salary & Jobs for Geriatric Psychiatrists
According to data from 2022, there were about 29,175 positions for geriatric psychiatrists in the United States. In terms of salary, the national median salary for geriatric psychiatrists was reported to be $226,886. Additionally, when examining job demand, employers across the country posted 25,368 job postings related to positions for geriatric psychiatrists.
How Much Money Do Geriatric Psychiatrists Make?
Median salary is just one data point. To build a better understanding of how much money geriatric psychiatrists and related positions can expect to make in the United States, it can be helpful to look at the full range of compensation for those jobs.
Let's look more deeply at data that was reported to the U.S. Bureau of Labor Statistics (BLS) for detail into the lowest and highest salary earnings for geriatric psychiatrists.
Annual Salary for Geriatric Psychiatrists
According to the BLS, the lowest earners for geriatric psychiatrists and related professions earned about $66,227 per year in 2022. Meanwhile, at the other end of the spectrum, the highest earners made about $422,416 annually.
As mentioned previously, the median salary for geriatric psychiatrists in the United States in 2022 was $226,886.
Annual Salary Range For Geriatric Psychiatrists In 2022
Hourly Salary for Geriatric Psychiatrists
The BLS also breaks down compensation for geriatric psychiatrists by hourly salary, and the median average hourly pay for geriatric psychiatrists in 2022 was $109. Lowest hourly earners took home $32 while the highest reported hourly salaries for geriatric psychiatrists was $203.
Hourly Salary Range For Geriatric Psychiatrists In 2022
Advertised Compensation for Geriatric Psychiatrists
Data from the BLS is one way to dig into compensation for geriatric psychiatrists, but another way to build a more real-time understanding of salary is to look at actual job postings and see what compensation organizations are currently providing to fill open positions for geriatric psychiatrists.
Keep in mind that salary data is not included in every job posting, so the information compiled here is reflective of the data available through Lightcast.™
Annual Salary from Job Postings for Geriatric Psychiatrists
Advertised Annual Salary
During a review of 52,324 job postings related to geriatric psychiatrists, advertised salary was included in 6,612 of them, which was 13%. Based on those postings, the median advertised salary for geriatric psychiatrists was $257,920 per year.
Hourly Salary from Job Postings for Geriatric Psychiatrists
Advertised Hourly Salary
A similar analysis of job postings provides insight into advertised hourly salary for geriatric psychiatrists. Based on 26% of postings with advertised compensation, the median hourly salary for open positions for geriatric psychiatrists in the United States is about $124.
Salary Trend for Geriatric Psychiatrists
If you're thinking about pursuing a career in the field, you may want to understand how compensation has changed over time for geriatric psychiatrists. The chart below provides a snapshot of advertised salaries over the past three years.
Based on compensation data that was included in job postings for geriatric psychiatrists dating back to September 2019, advertised salaries for geriatric psychiatrists have increased 29%.
Advertised Wage Trend For Geriatric Psychiatrists
What's the Job Growth for Geriatric Psychiatrists?
Another data point that someone thinking about a career path should consider is whether or not jobs are expected to see growth in the future. The chart below looks at projected employment for geriatric psychiatrists over the next 10 years.
According to the data obtained through Lightcast,™ there were 29,132 jobs for geriatric psychiatrists in the United States in 2022. By 2032, it is expected that about 4,445 jobs will be added. That's a 15.3% increase over the next 10-year period.
Employment Projections For Geriatric Psychiatrists
Additional Links
Ready to dig deeper into career information about geriatric psychiatrists? Visit our other pages focused on salary and education for geriatric psychiatrists.
What do geriatric psychiatrists do?
Geriatric Psychiatrists: How do you become one?
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