Psychologist Salary
Psychologist Salary: Psychologist typically work and earn salaries in a variety of settings that include schools, clinics and private practice. While difficult to determine the exact number of hours employed the US Bureau of Labor Statistics considers full time employment to be 40 hours per week or 2080 hours per year. The American Psychological Association Research Office's salary survey estimated that the average full time work week was 35 hours. Pschologist Salary: Median Hourly & Annual Data Hourly Psychologists average salary is $30.00 per hour. The lowest 10% earn $17.79 per hour and those in the upper 10% earn more than $52.00 per hour. Annually On an annual basis the average Psychologist salary is greater than $54,950. The lowest 10% less than $32,280 per year while the upper 10% earned more than $92,250. These salaries are calculated as a mean or average. Lowest and Highest Pyschologist Salary The lowest paid psychologist salary is less with mean or average wages below $18 per hour. Presumably this is offset by costs of living and other factors. The lower pay levels are associated with rural areas. The highest pay levels are found in major metropolitan areas where the mean or average wage is over $51 per hour. Demand and low supply seem to be a significant factor in fueling higher salaries. Top 5 States The 5 best paying states for a pschologist salary are New Jersey $87,130, Colorado $84,600, California $81,120, Ohio $80,430, Rhode Island $80,200. Top 5 Metropolitan Areas Vallejo-Fairfield CA $116,120, San Luis Obispo-Paso Robles CA $111,580, Trenton-Ewing NJ $105,150, Visalia-Porterville CA $95,250, Niles-Benton Harbor MI $94,300. Other Industries that Employ Psychologists A number of psychologists work for the government and as teachers or faculty at colleges. There are also some working for the U.S. military. Employment Data According to the US Bureau of Labor Statistics there are over 179,000 Psychologists employed in the United States. Where They Work Of all the Psychologists employed in the United States approximately 25% work in educational institutions. Approximately 40% are considered self employed. 20% work directly in health care settings such as hospitals and clinics. The remaining 15% work in local, state, and federal government settings. Private Practice Vs Employment A rapidly growing trend among professionals is the establishment of a private practice after a few years working and gaining experience. Approximately 72,000 Psychologists are in private practice or self-employed. This leaves approximately 107,000 who actually are considered employed. Benefits Fringe benefits will vary depending on business size and other factors. To see what a typical benefits package is worth A typical employment benefits package is worth over $20,000 per year. See the complete list of healthcare job descriptions See the complete list of healthcare salary data pages
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