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Psychiatrist Salary in Alexandria, VA

How much does a psychiatrist make in Alexandria? Explore median, entry-level, and senior salaries adjusted for Alexandria's cost of living.

Median Salary
$219,970
per year in Alexandria
Entry Level
$124,983
Starting salary
Senior Level
$329,955
Experienced professionals
Cost of Living
148
48% above national avg

Salary Breakdown by Experience Level

See how psychiatrist salaries break down across different pay periods in Alexandria.

PeriodEntry LevelMedianSenior
Annual$124,983$219,970$329,955
Monthly$10,415$18,331$27,496
Biweekly$4,807$8,460$12,691
Weekly$2,404$4,230$6,345
Hourly$60$106$159

Alexandria vs National Average

How Alexandria's psychiatrist salaries compare to national figures.

Alexandria Salary
$219,970
COL Index: 148
National Average
$237,640
COL Index: 100
Difference
-$17,670
Lower in Alexandria

Cost of Living in Alexandria

1-Bedroom Rent
$1,900
per month
Median Income
$100,842
per year
Population
159,467
residents
Rent % of Income
22.6%
median household
Cost of Living Index: 148 — A score of 100 represents the U.S. average. Salaries in Alexandria have been adjusted to account for local cost differences.

About Psychiatrist

Overview

Diagnose and treat mental health conditions and provide medication management.

Education

Medical degree plus psychiatry residency training

Key Skills

Mental Health ExpertisePatient CareMedication ManagementTherapy

Growth Rate

Expected job growth: +17% over the next decade

Compare Cities: Psychiatrist Salary

See Psychiatrist salaries in other top cities.

New York, NY
$229,630
+4%
Los Angeles, CA
$504,937
+130%
Chicago, IL
$279,465
+27%
Houston, TX
$223,500
+2%
Phoenix, AZ
$237,046
+8%

Financial Tools to Explore

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Psychiatrist Salary in Alexandria, VA — Complete Guide

Median Salary Overview

The median salary for a psychiatrist in Alexandria, VA is $219,970 per year, adjusted for the local cost of living index of 148. This figure reflects typical earnings for experienced professionals in this role, considering Alexandria's unique economic conditions.

Salary Range and Experience Levels

Entry-level psychiatrist professionals in Alexandria can expect to earn around $124,983 annually. As professionals gain experience, salaries typically increase, with senior-level psychiatrists earning approximately $329,955 per year. This represents a 164% increase from entry to senior level.

Cost of Living Adjustment

Alexandria's cost of living index of 148 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Alexandria are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $237,640, the actual purchasing power must be considered in context.

Housing and Affordability

A significant portion of a psychiatrist's salary in Alexandria typically goes toward housing. With a 1-bedroom apartment averaging $1,900 per month, housing represents about 10.4% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.

Career Growth and Opportunities

Psychiatrists are in growing demand across the United States, with an expected job growth of 17% over the next decade. In Alexandria, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.

Source: BLS OEWS May 2024Metro-level wage data for this occupation and area
Data source: Salary data on this page are sourced from Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) program May 2024 estimates. Figures are approximate and intended for informational purposes only. Actual salaries may vary based on employer, experience, education, certifications, and local market conditions. This page does not constitute financial or career advice. For the most current wage data, visit bls.gov.