Psychiatrist Salary in New Mexico
The median psychiatrist salary in New Mexico is $232,623 per year, which is 9% below the national median of $255,630.
Psychiatrist Salary in New Mexico by Experience
In New Mexico, an entry-level psychiatrist earns around $113,750, while experienced professionals earn up to $350,350 per year. The cost of living index in New Mexico is 93% of the national average.
Salary Percentiles in New Mexico
| Percentile | NM Salary |
|---|---|
| 10th Percentile | $109,200 |
| 25th Percentile | $159,250 |
| Median (50th) | $232,623 |
| 75th Percentile | $300,300 |
| 90th Percentile | $364,000 |
Psychiatrist Salary by City in New Mexico
The largest employment areas for psychiatrists 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 Psychiatrist in New Mexico
Education
Most psychiatrist positions require a doctoral degree. New Mexico has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in New Mexico
Nationally, psychiatrist employment is projected to grow 7% over the next decade (faster than average). New Mexico's demand may vary based on local industry trends.