Psychologist Salary in United States


Psychologist Salary
Psychologist Salary in United States
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Introduction:

Psychologist Salary in United States is likely to observe a salary increase of approximately 13% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months. A person working as a Psychologist in the United States typically earns around 165,000 USD per year. Salaries range from 80,600 USD (lowest) to 257,000 USD (highest).

This is the average yearly salary including housing, transport, and other benefits. Psychologists’ salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Psychologist Salary Outlook:

Psychologists working in the United States generally earn salaries in the range of $40,809 to $144,845 a year including bonuses and contributions from profit sharing according to the salary information reported by Payscale.

Professionals with the certification of Licensed Psychologists generally report earning an annual pay in the range of $43,030 to $112,360 according to Payscale’s salary data. Psychologists employed by Kaiser Permanente are typically paid between $75,000 and $129,000 a year.

Earnings from profit sharing depend on a variety of factors, including work experience. Psychologists with 1 to 4 years of experience report getting $100 a year on average, those with 5 to 9 years of experience typically earn around $2,500 annually, and professionals with 20 or more years of experience earn $5,750 a year on average according to Payscale.

The job outlook for this occupation, as reported by the BLS, is pretty good, with a faster than average growth rate (22%) estimated for the period between 2010 and 2020.

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Psychologist Average base salary:

The average salary for psychologists employed in the United States is $71,358 a year according to Payscale’s salary figures. The Bureau of Labor Statistics (BLS) reports an average salary of $68,640 a year for psychologists in general, $87,330 a year for industrial-organizational psychologists, $66,810 a year for clinical, counseling, and school psychologists, and $89,900 a year for all other psychologists.

Psychologist Average Hourly Wage:

The average hourly wage (pay per hour) in the United States is 79 USD. This means that the average Psychologist in the United States earns approximately 79 USD for every worked hour. The hourly rate for psychologists working in the U.S. depends on a wide range of factors, including work experience. Psychologists with 1 to 4 years of experience generally earn between $15.96 and $153.89 per hour, and those with 5 to 9 years of experience are usually paid between $26.93 and $168.86 per hour.

Psychologists with 10 to 19 years of work experience under their belt generally make between $28.60 and $241.44 per hour and professionals with 20 or more years of experience in the field report earning an hourly salary in the range from $28.05 to $154.03 according to Payscale’s salary figures.

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The hourly pay for these professionals can vary considerably depending on location. Psychologists based in California typically earn between $20 and $256.02 per hour, those working in Pennsylvania are generally paid between $28 and $100 per hour, and professionals employed in New York earn an hourly wage in the range from $41.82 to $104.80 according to Payscale.

Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 ):

The hourly wage is the salary paid in one worked hour.

How Much Does a Psychologist Make?

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A person working as a Psychologist in the United States typically earns around 165,000 USD per year. Salaries range from 80,600 USD (lowest) to 257,000 USD (highest). This is the average yearly salary including housing, transport, and other benefits. Psychologists’ salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Psychologists’ salaries vary depending on a wide range of factors, including work experience. Psychologists with 1 to 4 years of experience typically report earning salaries in the range from $35,675 to $89,449 a year, and those with 5 to 9 years of work experience under their belt are generally paid between $41,217 and $102,315 a year. Professionals with 10 to 19 years of experience make between $46,674 and $118,619 a year, and those with 20 or more years of professional experience in the field generally report earning an annual pay in the range from $55,149 to $133,898 according to Payscale’s salary statistics.

Psychologist Salary Distribution:

The median, the maximum, the minimum, and the range:

  • Salary Range

Psychologists’ salaries in the United States range from 80,600 USD per year (minimum salary) to 257,000 USD per year (maximum salary).

  • Median Salary

The median salary is 168,000 USD per year, which means that half (50%) of people working as Psychologist(s) are earning less than 168,000 USD while the other half are earning more than 168,000 USD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Psychologist(s) are earning less than 112,000 USD while 75% of them are earning more than 112,000 USD. Also from the diagram, 75% of Psychologists (s) are earning less than 217,000 USD while 25% are earning more than 217,000 USD.

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Psychologist Salaries by years of experience in the United States:

  • The experience level is the most important factor in determining the salary.
  • Naturally the more years of experience the higher your wage.
  • A Psychologist with less than two years of experience makes approximately 95,600 USD per year.
  • While someone with an experience level of between two and five years is expected to earn 123,000 USD per year, 29% more than someone with less than two years of experience.
  • Moving forward, an experience level between five and ten years lands a salary of 170,000 USD per year, 38% more than someone with two to five years of experience.
  • Additionally, Psychologist(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 210,000 USD per year, 24% more than someone with five to ten years of experience.
  • If the experience level is between fifteen and twenty years, then the expected wage is 225,000 USD per year, 7% more than someone with ten to fifteen years of experience.
  • Lastly, employees with more than twenty years of professional experience get a salary of 240,000 USD per year, 7% more than people with fifteen to twenty years of experience.
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Psychologist Highest paying cities in United States:

Psychologists’ salaries also vary from city to city. Professionals based in New York typically earn salaries in the range from $39,866 to $133,492 a year, and those working in Los Angeles are generally paid an annual income in the range from $45,302 to $124,162.

Psychologists employed in Dallas earn between $23,489 and $99,488 annually, those based in San Diego make between $59,180 and $151,254 a year, and professionals working in Chicago earn an annual income in the range from $28,906 to $94,799. Psychologists working in Washington are typically paid between $44,456 and $150,981 annually, and those based in Baltimore generally report earning salaries in the range of $40,547 to $118,359 a year according to Payscale.

Psychologist Highest paying States in United States:

Psychologists’ yearly income depends on geographical location among other factors and can vary considerably from state to state. Psychologists based in California typically earn between $48,722 and $122,157 annually, those employed in New York are generally paid between $39,911 and $125,407 a year, and professionals working in Texas earn salaries in the range from $37,500 to $99,031 a year according to the salary data provided by Payscale.

Psychologists in Pennsylvania report earning salaries in the range from $29,590 to $91,392 a year, and those working in Florida are typically paid between $34,521 and $106,436 a year. Professionals employed in Illinois generally make between $29,479 and $92,000 a year, and those based in Maryland are typically paid a yearly income in the range of $40,089 to $99,362 according to Payscale.

Where do Psychologists earn more in the US?

Along with the basic annual salary and bonus earnings, psychologists typically get a variety of perks and benefits, and these can sometimes reflect their annual pay.

Psychologists who have 401(k) plans as part of their benefits package typically make between $46,259 and $118,176 a year, those who have paid holidays and vacations earn between $46,461 and $110,927 annually, and professionals who have paid sick leave report earning an annual pay in the range from $46,608 to $112,771 according to Payscale.

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Psychologist Best-paid skills and qualifications:

The jobs requiring this certification have increased by 21.23% since 2018. Psychologists with this certification earn +18.95% more than the average base salary, which is $120,191 per year.

Psychologist Bonus and Incentive Rates in United States:

Psychologist is considered to be a high bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

16% of surveyed staff reported that they haven’t received any bonuses or incentives in the previous year while 84% said that they received at least one form of monetary bonus. Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

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FAQs About Psychologist Salary in United States:

How much does a Psychologist in the United States make?

The national average salary for a Psychologist is $93,647 per year in the United States. Filter by location to see a Psychologist’s salaries in your area. Salaries estimates are based on 1237 salaries submitted anonymously to Glassdoor by Psychologist employees.

What is the highest salary for a Psychologist in the United States?

The highest salary for a Psychologist in the United States is $1,42,643 per year.

What is the lowest salary for a Psychologist in the United States?

The lowest salary for a Psychologist in the United States is $61,480 per year.

Do psychologists get paid well in the USA?

The Bureau of Labor Statistics reports that I/O psychologists employed in the scientific research and development industry earned an average annual wage of $149,780. Those employed at colleges, universities, and professional schools earned an average of $70,360.

Is a psychologist a good career in the US?

According to the U.S. Department of Labor’s Bureau of Labor Statistics, the employment of psychologists is expected to grow at a rate of about 3% between 2019 and 2029. This is in line with the average growth for all jobs.

Is it worth getting Ph.D. in psychology?

Summary. Earning your doctoral degree in psychology provides you with many job opportunities and a shot at earning a top salary in the field. It is a worthy educational goal that can “result in a high level of personal and professional satisfaction.

Is psychology hard to study?

Psychology is one of the more difficult degrees and many of your assignments will require you to cite your sources and will require you to back up a lot of the arguments that you have.

Is a psychologist a doctor?

Psychologists have at least 6 years of university training and supervised experience. They may also hold a Masters’s or Doctorate level qualification in psychology. If they have a Doctorate (Ph.D.) a psychologist can call themselves ‘Dr’, but they are not medical doctors.

Is psychology in demand in the USA?

Overall employment of psychologists is projected to grow 8 percent from 2020 to 2030, about as fast as the average for all occupations. About 13,400 openings for psychologists are projected each year, on average, over the decade.

Conclusion:

In the Psychologist Salary in United States, of 170,200 jobs for psychologists, 152,000 are employed in clinical, counseling, and school positions; 2,300 are employed in industrial-organizational positions, and 15,900 are in “all other” positions.

The median salary in the U.S. for clinical, counseling, and school psychologists in May 2020 was US$79,820 and the median salary for organizational psychologists in May 2019 was US$92,980.

Psychologists can work in applied or academic settings. Academic psychologists educate higher education students as well as conduct research, with graduate-level research being an important part of academic psychology. Academic positions can be tenured or non-tenured, with tenured positions being highly desirable.


Sai Sandhya

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