Cognitive psychologists working as industrial-organizational (I-O) psychologists averaged over $114,040 a year, with a median annual salary of $87,330. A 2009 report issued by the American Psychological Association (APA) in 2009 suggests the median salary for cognitive psychologists working as university faculty was $76,090.
The demand for cognitive psychologists has fluctuated over the last decade but it appears to be on the rise once more. Most cognitive psychologists work as teachers or researchers at colleges and universities. However, other sectors including organizational psychology, software development and human-comptuer interaction are now hiring cognitive psychology professionals.