How Much Do Psychologists Make?
$92,740median annual salary
$44.59/hour · $7,728/month · BLS Code: 19-3030
Psychologists study mental processes and human behavior. Clinical psychologists diagnose and treat mental health disorders through therapy and assessment. Other specializations include industrial-organizational (I/O) psychology, school psychology, and neuropsychology. The field requires extensive education but offers rewarding work.
Psychologist Salary at a Glance
Entry Level
$56,000
Starting salary
Median
$92,740
50th percentile
Senior Level
$145,000
Experienced professionals
Top 10%
$168,800
90th percentile
Salary Range
Salary by Experience Level
Top Paying States for Psychologists
#1
California
$124,910
#2
Oregon
$118,760
#3
New Jersey
$117,340
#4
Hawaii
$113,840
#5
New York
$112,200
Top Paying Cities for Psychologists
Education & Requirements
Education
Doctoral degree (PhD or PsyD) for clinical psychologists; master's may suffice for industrial-organizational or school psychologists
Typical Degree
PhD or PsyD
Certifications
Job Outlook
+6%
Projected Growth (2022-2032)
192,300
Total Employed
BLS Outlook Category
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Psychologist Salary FAQ
How much do psychologists make?
The median salary is about $92,740. Clinical psychologists in private practice can earn $100,000-$180,000+. I/O psychologists often earn the most at $113,000+ median.
How long does it take to become a psychologist?
8-12 years after high school: 4 years undergraduate, 5-7 years doctoral program (PhD or PsyD), and 1-2 years of supervised postdoctoral experience before licensure.
What type of psychologist makes the most money?
Industrial-organizational psychologists ($113,000+ median), neuropsychologists ($105,000+), and clinical psychologists in private practice ($100,000-$180,000+) are typically the highest earners.
Is a psychology degree worth it?
A doctorate in psychology leads to a well-paying, meaningful career. However, a bachelor's in psychology alone has limited earning potential — most psychology careers require a master's or doctoral degree.
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Read moreSalary data is based on BLS Occupational Employment & Wage Statistics, industry surveys, and widely-reported compensation benchmarks. Figures are approximate and vary by location, employer, experience, and market conditions. This is educational content — not career or financial advice.