BLS metro-level wage data places Psychiatrists pay in Milwaukee-Waukesha, WI at a median of $331,500 per year ($159.38/hr/hour), drawn from the OEWS May 2025 release for this Metropolitan Statistical Area. Compared to the national median of $281,870, Milwaukee-Waukesha pays +18% above, signaling either concentrated employer demand, a cost-of-living premium, or both. Approximately 180 psychiatristss are employed across the Milwaukee-Waukesha MSA in SOC 29-1223.

The Milwaukee-Waukesha pay distribution spans from $137,720 at the 10th percentile to $384,730 at the 90th — a 2.8× spread that reflects experience tenure, specialization, employer size, and the difference between public-sector, nonprofit, and private-sector compensation inside the metro. The 25th percentile sits at $224,390 and the 75th at $352,050, so half of Milwaukee-Waukesha-based psychiatristss earn within that middle band.

Metro figures capture where you actually work, not just where you live — which matters for commuters. BLS draws metro boundaries from the OMB MSA definitions, so Milwaukee-Waukesha, WI covers the central city plus outlying counties tied to the metro economically. Remember that OEWS wages reflect base pay only: employer-provided health insurance, retirement matches, stock options, signing bonuses, overtime, and tips are excluded and can add 20-40% to real total compensation. Before using this metro median as a negotiation anchor, triangulate against the same occupation's national profile (linked below), its state-wide WI data, and peer-metro comparisons — a median is a starting point, not a ceiling.