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Do psychiatrists get paid more than therapists?

Writer John Peck

According to the Bureau, psychologists and psychiatrists share similar occupational outlooks. Because they are medical doctors, psychiatrists earn more money on average than psychologists.

How much are counseling psychologists paid?

Counseling Psychologist Salary

Annual SalaryMonthly Pay
Top Earners$138,500$11,541
75th Percentile$104,000$8,666
Average$86,938$7,244
25th Percentile$55,000$4,583

Where do counseling psychologists make the most money?

10 States Where Psychologists Earn the Most Money

  • California average psychologist salary: $108,350.
  • Oregon average psychologist salary: $103,870.
  • New Jersey average psychologist salary: $98,470.
  • Hawaii average psychologist salary: $94,550.
  • New York average psychologist salary: $94,140.

How much money does a psychiatrist make a year?

While some psychologists practice with only a master’s degree, psychiatrists need a medical degree to practice. Psychiatrists tend to make more money than psychologists. School and Clinical Psychologists As of 2011, the Bureau of Labor Statistics (BLS) reports that school, counseling and clinical psychologists earned an average of $73,090 a year.

What’s the average salary for a counseling psychologist?

Counseling Psychologists can receive the highest pay in New Jersey, which has average compensation of near $92380. People with these jobs are compensated highest in Other Services (except Public Administration), where they can get average wages of $94120. Are you an aspiring counseling psychologist?

How much does a licensed mental health counselor make?

Based on user-submitted data Indeed.com reports that Licensed Professional Counselors earn, on average, $61,232 annually. But averages only say so much. If we return to the BLS page for mental health counselors we can see that salaries differ quite depending on state, sector, and years of experience.

Which is the highest paying state for a psychologist?

The location of the job also impacts clinical psychologists’ wages. The highest-paying state for all clinical and school psychologists in 2012 was Rhode Island, where annual salaries averaged $92,580, according to the BLS. In second place, wages in Hawaii averaged $90,420, and in New York, they averaged $84,850.