Benchmark Salary Information

  • The number of Psychology Teachers currently employed in Richmond is 220.
  • Psychology Teachers in Richmond earn an average of $84,120 per year or $40.44 per hour.
  • The percentage of Virginia Psychology Teachers who work in Richmond is 21%.
  • The percentage of U.S. Psychology Teachers who work in Richmond is 1%.

Rankings for Richmond

  • Ranks #1 in Virginia for salary and #3 when adjusted for cost-of-living.
  • Ranks #2 in Virginia for the number of psychologists employed.
  • Ranks #64 in the nation for salary and #167 when adjusted for cost-of-living.
  • Ranks #35 in the nation for the number of psychologists employed.

Compared to Virginia

Richmond Psychology Teachers earn an average of $84,120 or $40.44 per hour which is almost same as Virginia average salary of $83,580.

AverageRichmondVirginia% Difference
Hourly Wage$40.44$40.180.65%
Annual Salary$84,120$83,5800.65%
Source: U.S. Bureau of Labor Statistics and U.S. Department of Commerce – 2022*

Compared to the U.S.

Richmond Psychology Teachers earn an average of $84,120 or $40.44 per hour which is 4% less than the U.S. average salary of $88,390.

AverageRichmondU.S.%
Hourly Wage$40.44$42.50-4.83%
Annual Salary$84,120$88,390-4.83%
Source: U.S. Bureau of Labor Statistics and U.S. Department of Commerce – 2022*

Salary Adjusted for Cost-of-Living

When adjusted for cost-of-living, Psychology Teachers in Richmond earns an average annual salary of $88,139 which compares to the Virginia average annual salary of $83,580. per year.

Cost-of-living in Richmond is 5% less than the Virginia average, which means Richmond residents have an overall less cost for food, housing, utilities and transportation compared to Virginia average.

  • Virginia average salary is $83,580.
  • Virginia cost-of-living adjusted salary is $82,769.
  • Richmond average salary is $84,120.
  • Richmond cost-of-living adjusted salary is $88,139.
LocationAverage Annual WageCost of LivingAdjusted COL Wage
Richmond$84,12095.44%$88,139
Virginia$83,580100.98%$82,769
U.S.$88,390$88,390
Source: U.S. Bureau of Labor Statistics and U.S. Department of Commerce – 2022*

Salary Ranges for Education and Experience

In Richmond, 50% of Psychology Teachers earn between $51,370 and $104,270 a year, depending on factors such as level of education, experience, location and place of employment.

About 10% of Psychology Teachers earn more than $132,840, which is a rate for highly skilled, experienced and educated Psychology Teachers.

Approximately 10% of Psychology Teachers earn under $39,680, a rate generally reserved for less experienced or entry level Psychology Teachers.

PercentExperienceEmployedAnnual Salary
10%Less than a Year22Under $39,680
15%2 – 4 years33$39,680 – $51,370
25%5 – 9 years55$51,370 – $77,450
25%10 – 14 years55$77,450 – $104,270
15%15 – 20 years33$77,450 – $132,840
10%20+ years22Above $132,840
Source: U.S. Bureau of Labor Statistics and U.S. Department of Commerce – 2022*

Salary Compared to Related Professions

With an average annual salary of $84,120, Richmond Psychology Teachers tend to earn less than Clinical and Counseling Psychologists ($101,240), and Forensic Psychologists ($90,660).

However, Psychology Teachers tend to earn more than Marriage and Family Therapists ($46,190), Social Workers ($52,250), Substance Abuse Counselors ($52,660), Health Care Social Workers ($55,190), and School Psychologists ($72,750).

TitleAnnual Salary
Clinical and Counseling Psychologists$101,240
Forensic Psychologists$90,660
Psychology Teachers$84,120
School Psychologists$72,750
Health Care Social Workers$55,190
Substance Abuse Counselors$52,660
Social Workers$52,250
Marriage and Family Therapists$46,190
Source: U.S. Bureau of Labor Statistics and U.S. Department of Commerce – 2022*

FAQ for Richmond Psychology Teachers

The number of Psychology Teachers currently employed in Richmond is 220.

Psychology Teachers earn an average of $84,120 per year or $40.44 per hour in Richmond.

When adjusted for Cost of Living in Richmond Psychology Teachers earn an average of $88,139 per year or $42 per hour.

The types of psychologists that are paid the highest annual salary in Richmond are Clinical and Counseling Psychologists($101,240), Forensic Psychologists($90,660), Psychology Teachers($84,120).


Additional Salary Reports for Psychology Teachers in Virginia cities and Metros and U.S. States.

Official Data Sources for Psychology Teachers: Salary Data | Projected Employment | Cost of Living Data