Average Salary With a Doctorate in Psychology

Earning a doctorate in psychology allows you to practice in this field, working to help patients with emotional problems, addiction, mental illness, and more. Earning a doctorate in this field is certainly both a time and a money commitment, but the payoff is a high salary and a job where you’re making a difference in the life of patients. Just how much can you earn after graduating with a doctorate in this field? Let’s take a look at the average salaries reported for working in the psychology field.

Base Salary as a Psychologist

The average salary for clinical, counseling, and school psychologists is $72,540 annually, according to the Bureau of Labor Statistics. The majority make between $50,000 and $87,000, with the top ten percent earning over $100,000. With a doctorate degree in this field, you can expect to be on the high end of this average. Keep in mind that you can also open you own practice, charging patients by the hour, and although being a business owner can be difficult and stressful, it also gives you nearly limitless earning potential.

Salary by Location

Location is one of the factors that has the largest effect on your salary no matter what your job. As a psychologist, you can find the highest-paying jobs in the following states:

  • New Jersey: $91,910
  • Colorado: $88,930
  • California: $82,770
  • New York: $82,300
  • Rhode Island: $79,070

In most cases, you can earn more if you live in a metropolitan area, with the following locations being the cities with the highest-paying jobs for those in the psychology field:

  • Montgomery, AL: $112,600
  • Hanford-Corcoran, CA: $110,330
  • Trenton-Ewing, NJ: $109,730
  • Salinas, CA: $104,420
  • Bakersfield, CA: $101,970
  • San Jose-Sunnyvale-Santa Clara, CA: $100,010
  • Newark-Union, NJ-PA Metropolitan Division: $99,680
  • Madera, CA: $99,550
  • Boulder, CO: $98,720
  • Merced, CA: $98,620

Looking to live in a more rural area? You can find some high-paying jobs in rural areas of California, Idaho, Nebraska, and Connecticut.

Other Factors Affecting Salary

Along with location, there are other factors that can also affect your salary. These include your experience level, your specialization, the type of employer that hires you, and more. Keep in mind that most psychologist jobs also come attached to a great benefits package, so when comparing jobs after you graduate with a degree in this area, take the perks into consideration.

Best Accredited Psy.D. Degrees

Northcentral University The PhD in General Psychology from Northcentral University explores principles of psychology in the conducting of research experiments to expand the knowledge of the field. The Phd in I/O Psychology is designed to train industrial psychologists, while the Health Psychology specialty examines the role of the psychologist in the allied health care setting.
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Grand Canyon University The PhD in Cognitive Psychology from Grand Canyon University is designed for individuals who work in industry, government positions, and school systems. Courses train students to understand how the human mind works and retains information. The PhD in I/O Psychology program is built for individuals that want to become behavioral specialists in the work place.
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Chicago School of Professional Psychology The Doctor of Philosophy in Clinical Psychology degree from the Chicago School of Professional Psychology focuses on improving industrial/organizational settings through theory, research, assessment, evaluation, and intervention. This 98-credit program prepares graduates for careers in industrial/organizational psychological research, consulting, employee relation issues, organizational development, human resource management, and research.
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Walden University Walden University offers several specializations in Psychology, including Clinical Psychology, Health Psychology, Organizational Psychology, Psychology Education, and Psychology Research. The curriculums follow a scholar/practitioner approach that integrates scholarly research with practical experience. The programs include fieldwork and faculty mentoring, along with a dynamic learning environment.
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