Many clinical psychologists who work closely with children and adolescents are employed in a variety of settings, from research facilities, to hospitals and universities. There are numerous factors that contribute to the salary of a child and adolescent clinical psychologist, including the industry you choose to work in, years of practice and the geographic location. According to the U.S. Bureau of Labor Statistics, or BLS, as of May 2012, the average wage of clinical, counseling, and school psychologists was approximately $72,000 annually.
Top-paying States and Cities
Where you are located seems to play a large role in how much you will be paid as a psychologist. While the average reported salary nationwide is approximately $72,000, five states report significantly higher average wages. In 2012, Rhode Island paid clinical psychologists an average of $92,000 per year, followed by Hawaii at 90,000, New York paying $84,000, New Jersey at $83,000 and Alabama paying an annual salary of $80,000. The metropolitan areas of Allentown and Bethlehem, Pa. reported the highest average salary for clinical psychologists in 2012, boasting an average salary of $117,000.
Pay by Specialty
Just as your geographic location plays a large role in your potential salary, so to does the type of work you do as a child & adolescent psychologist. Child and adolescent psychologists working in an integrated medical practice with other doctors and medical professionals were reported to have earned an average annual income of approximately $80,000 in 2012 according to the BLS. State and government psychologists working with children and adolescents earned an approximate average of $76,000, while psychologists working in schools earned an average salary of $71,000 in 2012.
While the average salaries for child and adolescent psychologists hovers between $71,000 to $92,000 per year based on location and specialty, there are major fluctuations between the maximum and minimum salaries reported by these professionals. The BLS reports in 2010, the top 10 percent of psychologists earned over $111,000 annually, while the lowest 10 percent is reported to have earned lower than $39,000 annually.
The BLS suggests the employment opportunities for clinical, counseling and school psychologists is expected to grow 22 percent faster than the average for all other occupations. While the demand for child and adolescent psychologists may also be raising, the BLS suggests there will be a greater demand for psychological services provided by clinical psychologists in assisting the aging population as they deal with the mental and physical demands of getting older.