Estimates are based on 211 salary records from 26 employers. The average salary for a Psychiatrist is $210,531. Psychiatrist - highest salary The latest compensation report shows that about 19% of psychiatrists earn $300,000 or more; about 13% earn $100,000 or less (compensation includes salary, bonuses, and profit-sharing contributions). The average salary for a psychiatrist in the California is $286,085 and median salary is $286,085. The average salary range for a Psychiatrist is between $177,397 and $338,788.On average, a Doctorate Degree is the highest level of education for a Psychiatrist. 222 Psychiatrist Salaries in California provided anonymously by employees. What salary does a Psychiatrist earn in California? The average pay for a Psychiatrist is $262,221 a year and $126 an hour in California, United States. Visit PayScale to research psychiatrist salaries by city, experience, skill, employer and more.