Healthcare New Mexico (NM) Rank #33 of 50

Dermatologist Salary in New Mexico

The median dermatologist salary in New Mexico is $318,500 per year, which is 9% below the national median of $350,000.

Median Salary
$318,500
vs National
$-31,500
State Rank
#33 of 50
Cost of Living
93%

Dermatologist Salary Overview in New Mexico (2026)

New Mexico ranks #33 out of 50 states for dermatologist compensation. Dermatologist salaries in New Mexico are below the national median, though the lower cost of living can offset the difference. At $318,500 per year, dermatologists in New Mexico earn $31,500 less than the national median of $350,000.

A key advantage of working in New Mexico is its below-average cost of living (93% of the national index). This means the $318,500 salary has the purchasing power of roughly $342,473 in an average-cost area.

The salary spread in New Mexico is significant: dermatologists at the 10th percentile earn $150,150, while those at the 90th percentile bring home $455,000 — a $304,850 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in New Mexico for this role is Santa Fe, where the median reaches $378,000.

Nationally, dermatologist employment is projected to grow 3% over the next decade (as fast as average). This steady growth indicates stable demand for dermatologists across the country.

Dermatologist Salary in New Mexico by Experience

In New Mexico, an entry-level dermatologist earns around $154,700, while experienced professionals earn up to $436,800 per year. The cost of living index in New Mexico is 93% of the national average.

Entry Level (0-2 yrs)
$154,700
$-15,300 vs national
Mid Level (3-7 yrs)
$323,050
$-31,950 vs national
Senior Level (8+ yrs)
$436,800
$-43,200 vs national

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Salary Percentiles in New Mexico

Percentile NM Salary
10th Percentile $150,150
25th Percentile $227,500
Median (50th) $318,500
75th Percentile $382,200
90th Percentile $455,000

Dermatologist Salary by City in New Mexico

The largest employment areas for dermatologists in New Mexico include Albuquerque, Las Cruces, Rio Rancho, and Santa Fe. Salaries vary by city based on local cost of living and demand.

How to Become a Dermatologist in New Mexico

Education

Most dermatologist positions require a doctoral degree. New Mexico has several accredited institutions offering relevant programs.

Key Skills

DermatologySkin BiopsyCosmetic ProceduresPathologyPatient EducationDiagnosis

Job Outlook in New Mexico

Nationally, dermatologist employment is projected to grow 3% over the next decade (as fast as average). New Mexico's demand may vary based on local industry trends.

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Frequently Asked Questions: Dermatologist Salary in New Mexico

How much does a Dermatologist make in New Mexico? ▼
The median dermatologist salary in New Mexico is $318,500 per year, which is 9% below the national median of $350,000. Salaries range from $150,150 (10th percentile) to $455,000 (90th percentile).
How much does a Dermatologist make per hour in New Mexico? ▼
Based on the median annual salary of $318,500, a dermatologist in New Mexico earns approximately $153 per hour assuming a standard 2,080-hour work year.
Is New Mexico a good state for dermatologists? ▼
New Mexico ranks #33 out of 50 states for dermatologist pay. The cost of living index is 93% of the national average. Entry-level dermatologists earn $154,700, while senior professionals earn $436,800.
How does New Mexico compare to other states for dermatologist salary? ▼
The highest paying state for dermatologists is Hawaii at $623,000. New Mexico's median of $318,500 ranks #33 nationally. Nearby-ranked states include Ohio ($322,000) and Louisiana ($318,500).
What is the entry-level dermatologist salary in New Mexico? ▼
An entry-level dermatologist in New Mexico earns approximately $154,700 per year. With 3-7 years of experience, pay increases to around $323,050. Senior-level professionals with 8+ years earn up to $436,800.
What city in New Mexico pays dermatologists the most? ▼
Santa Fe is the highest paying city in New Mexico for dermatologists, with a median salary of $378,000. Other cities include Albuquerque and Las Cruces.