Psychiatrist Salary in Hot Springs, AR
How much does a psychiatrist make in Hot Springs? Explore median, entry-level, and senior salaries adjusted for Hot Springs's cost of living.
Salary Breakdown by Experience Level
See how psychiatrist salaries break down across different pay periods in Hot Springs.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $88,575 | $155,892 | $233,838 |
| Monthly | $7,381 | $12,991 | $19,487 |
| Biweekly | $3,407 | $5,996 | $8,994 |
| Weekly | $1,703 | $2,998 | $4,497 |
| Hourly | $43 | $75 | $112 |
Hot Springs vs National Average
How Hot Springs's psychiatrist salaries compare to national figures.
Cost of Living in Hot Springs
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
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See Psychiatrist salaries in other top cities.
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Psychiatrist Salary in Hot Springs, AR — Complete Guide
Median Salary Overview
The median salary for a psychiatrist in Hot Springs, AR is $155,892 per year, adjusted for the local cost of living index of 82. This figure reflects typical earnings for experienced professionals in this role, considering Hot Springs's unique economic conditions.
Salary Range and Experience Levels
Entry-level psychiatrist professionals in Hot Springs can expect to earn around $88,575 annually. As professionals gain experience, salaries typically increase, with senior-level psychiatrists earning approximately $233,838 per year. This represents a 164% increase from entry to senior level.
Cost of Living Adjustment
Hot Springs's cost of living index of 82 significantly impacts salary comparisons. As a lower cost-of-living city, salaries in Hot Springs 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 Hot Springs typically goes toward housing. With a 1-bedroom apartment averaging $720 per month, housing represents about 5.5% 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 Hot Springs, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.