4. Indiana
Average Annual Salary: $238,780
Average Hourly Salary: $114.80
Number of Psychiatrists Employed: 270
The Hoosier State follows with an average salary of $238,780 per year, which is over $4,000 more than its predecessor. Compared to Alaska’s nominal 40, a lot more psychiatrists reside in Indiana, the next state on our list of highest paying states for psychiatrists.
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