Psychiatrist Salary in Durham, NC
How much does a psychiatrist make in Durham? Explore median, entry-level, and senior salaries adjusted for Durham's cost of living.
Salary Breakdown by Experience Level
See how psychiatrist salaries break down across different pay periods in Durham.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $133,079 | $234,218 | $351,327 |
| Monthly | $11,090 | $19,518 | $29,277 |
| Biweekly | $5,118 | $9,008 | $13,513 |
| Weekly | $2,559 | $4,504 | $6,756 |
| Hourly | $64 | $113 | $169 |
Durham vs National Average
How Durham's psychiatrist salaries compare to national figures.
Cost of Living in Durham
About Psychiatrist
Overview
Diagnose and treat mental health conditions and provide medication management.
Education
Medical degree plus psychiatry residency training
Key Skills
Growth Rate
Expected job growth: +17% over the next decade
Compare Cities: Psychiatrist Salary
See Psychiatrist salaries in other top cities.
Financial Tools to Explore
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Psychiatrist Salary in Durham, NC — Complete Guide
Median Salary Overview
The median salary for a psychiatrist in Durham, NC is $234,218 per year, adjusted for the local cost of living index of 112. This figure reflects typical earnings for experienced professionals in this role, considering Durham's unique economic conditions.
Salary Range and Experience Levels
Entry-level psychiatrist professionals in Durham can expect to earn around $133,079 annually. As professionals gain experience, salaries typically increase, with senior-level psychiatrists earning approximately $351,327 per year. This represents a 164% increase from entry to senior level.
Cost of Living Adjustment
Durham's cost of living index of 112 significantly impacts salary comparisons. As a higher cost-of-living city, salaries in Durham 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 Durham typically goes toward housing. With a 1-bedroom apartment averaging $1,650 per month, housing represents about 8.5% 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 Durham, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.