The average salary for a Psychiatrist is $230,797 per year in West Virginia. Psychiatrists in Hawaii are the best paid, making $269,800 a year, while psychiatrists in Louisiana make the least at $120,090. The best-paid 25 percent made $208,000 that year, while the lowest-paid 25 percent made $149,900. How much does a Psychiatrist make in California? How Much Does a Psychiatrist Make? Psychiatrists make 324% more than the average American worker. Psychiatrists made a median salary of $208,000 in 2018. The average Psychiatrist salary in New York, NY is $277,335 as of October 28, 2020, but the range typically falls between $248,511 and $310,232.Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. The average Psychiatrist salary in California is $257,509 as of October 28, 2020, but the range typically falls between $230,745 and $288,055.Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your … Learn about salaries, benefits, salary satisfaction and where you could earn the most. According to the Bureau of Labor Statistics, psychiatrists in the United States earn an average of $220,380 a year, equivalent to $105.95 an hour. Find out how much do Psychiatrists make in 2020 including average annual salary, salary per hour, starting salary and salary in different states. How much does a Psychiatrist make in New York, NY?