The most basic method is to use the psql tool. The \password command will prompt you once for a new password and again to confirm. Connect to the psql tool and type the following:

SET password_encryption = 'scram-sha-256'; 
\password

Enter a new password. This causes psql to send a SQL statement to the PostgreSQL server, which contains an already encrypted password string. An example of the SQL statement sent is as follows:

ALTER USER postgres PASSWORD 'SCRAM-SHA-256$4096:H45+UIZiJUcEXrB9SHlv5Q==$I0mc87UotsrnezRKv9Ijqn/zjWMGPVdy1zHPARAGfVs=:nSjwT9LGDmAsMo+GqbmC2X/9LMgowTQBjUQsl45gZzA=';

Make sure you use SCRAM-SHA-256 encryption, not the older and easily compromised md5 encryption. Whatever you do, don't use postgres as your password. This will make you vulnerable to idle hackers, so make it a little more difficult than that!

Make sure you don't forget your password either. It may prove difficult to maintain your database if you can't access it.

As changing the password is just a SQL statement, any interface can do this. Other tools also allow this, such as the following:

If you don't use one of the main routes to change the password, you can still do it yourself, using SQL from any interface. Note that you need to encrypt your password, because if you do submit a password in plain text, such as the following, it will be shipped to the server in plain text:

ALTER USER myuser PASSWORD 'secret'

Luckily, the password in this case will still be stored in an encrypted form. But it will also be recorded in plain text in psql's history file, as well as in any server and application logs, depending on the actual log-level settings.

PostgreSQL doesn't enforce a password change cycle, so you may wish to use more advanced authentication mechanisms, such as GSSAPI, SSPI, LDAP, or RADIUS.