APA salary survey breaks down the difference between the two.
PhD Salary: Median = 85k, Mean = 102.9k, SD = 72,472
PsyD Salary: Median = 75k, Mean = 88.7k, SD = 64,585
SDN won't let me post a link, but just google "apa psychology salary survey 2015" for the full article. It wasn't clear though if this is just for clinical psychology or all psychology fields, but should give somewhat of a ballpark.
I realize we all know what "median" means statistically, but just wanted to caution if this possibly might reflect early career psychologists (ECPs), as opposed to those working in the field 5 years or more?? Albeit, I am no longer in a traditional healthcare service/delivery environment, I am
well above that median and the mean. And many of those I know are too...even those employed by hospital systems in direct clinical service roles. I am not in a high COLA either.
That said, see my previous post about some of the individuals (mostly Psy.D.s) working for our state's DOC. Maybe they have lucrative side work, IDK, but its just hard for me to imagine someone working at that level, with that amount of risk, for
that pay.
State benefits are nice, but usually don't match fed benefits (for example), and I don't think the math would add up however you slice it. Unless maybe its your second career/job within the field?