Salary

• According to the U.S. Bureau of Labor Statistics, the national mean annual salary for a clinical psychologist is $72,540, or $34.87 an hour, as of 2010. The Indeed.com website puts the annual salary of a medical psychologist at $72,000 as of publication.
  
  

Benefits

• Although benefits for psychologists depend on factors such as who they're working for and the standards of their employers, most psychologists receive benefits such as life and health insurance, vacations, and retirement plans, according to the Michigan Jobs & Career Portal website.
  
  

Differences by Location

• The annual salary of a medical psychologist in New York is $83,000, according to the Indeed.com website. A medical psychologist in Las Vegas averages $60,000; one in Atlanta makes $74,000; one in Miami averages $69,000 and one in Seattle makes $63,000, as of publication.
  
  

Outlook

• Employment of psychologists is expected to grow 12 percent from 2008 to 2018, about as fast as the average for all occupations, according to the BLS. The BLS projects job growth will spring from increased demand for psychological services in schools, hospitals, social service agencies and substance abuse treatment clinics. It predicts that prospects should be best for those who have a doctoral degree from a leading university in an applied specialty, such as counseling or health, and those with a specialist or doctoral degree in school psychology.