Detroit vs Austin: where does a psychiatrist save more?
Best for saving: Detroit — about $14,820/mo after taxes and living costs.
Detroit US ★ Best for saving | Austin US | |
|---|---|---|
| Median salary | $339,340 | $236,340 |
| Take-home / mo | $17,340 | $13,311 |
| Income tax | ~39% | ~32% |
| Living costs / mo | $2,520 | $2,910 |
| Savings / mo | $14,820 | $10,401 |
| Savings rate | 85% | 78% |
| Verdict | Excellent | Excellent |
Single professional, after-tax. "Savings" = take-home − a baseline cost of living. A planning estimate, not financial advice.
How we calculated this
• Salary: BLS/OECD median for a psychiatrist, adjusted per city.
• Tax: each country's single-filer effective rate (e.g. US ~39%, US ~32%).
• Living costs: a single professional's baseline monthly budget per city.
Estimates, not financial or tax advice. Updated 2026.