Psychologist salaries vary widely depending on location, experience, specialization, and employer.

United States

• The median annual salary for psychologists was about $94,310 in May 2024, according to the U.S. Bureau of Labor Statistics (BLS)

• The national average salary for psychologists can be higher, around $229,000 per year, influenced by factors like employer and specialization

• Entry-level salaries tend to be lower, while top earners in the field can make over $157,000 annually

• Salaries also vary by work setting: government psychologists earn a median of $126,990, while those in schools earn around $85,920

• The job outlook for psychologists is positive, with a projected growth of 7% from 2023 to 2033

Australia

• Psychologist salaries in Australia range broadly, with starting salaries around AU$73,721 for new graduates

• Mid-career psychologists earn between AU$79,561 and AU$95,280 annually, while clinical psychologists can earn between AU$110,000 and AU$120,000

• Salaries vary by state: for example, in Sydney, average salaries range from about $93,846 to over $120,200, with some positions paying $185,000+; in Brisbane, averages are around $110,000; and in Victoria, about $100,000

Summary

• In the U.S., psychologists typically earn between $55,000 at the low end to over $150,000 at the high end, with a median near $94,000.
• In Australia, salaries generally range from about AU$70,000 to $120,000+, depending on experience and location.

This reflects the significant variation in psychologist earnings based on geography, experience, and specialization