Healthcare New Mexico (NM) Rank #33 of 50

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.

Median Salary
$232,623
vs National
$-23,007
State Rank
#33 of 50
Cost of Living
93%

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.

Entry Level (0-2 yrs)
$113,750
$-11,250 vs national
Mid Level (3-7 yrs)
$234,780
$-23,220 vs national
Senior Level (8+ yrs)
$350,350
$-34,650 vs national

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.

Albuquerque, NM
$237,736
Pop. 564,559 · COL 95%
Las Cruces, NM
$219,842
Pop. 111,385 · COL 88%
Rio Rancho, NM
$230,067
Pop. 104,046 · COL 92%
Santa Fe, NM
$276,080
Pop. 87,505 · COL 110%
Roswell, NM
$204,504
Pop. 48,422 · COL 82%

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

PsychiatryPsychopharmacologyCBT/DBTDiagnosisPatient AssessmentDocumentation

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.

Find Psychiatrist Jobs in New Mexico

Browse open psychiatrist positions in New Mexico:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Psychiatrist Salary in New Mexico

How much does a Psychiatrist make 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. Salaries range from $109,200 (10th percentile) to $364,000 (90th percentile).
How much does a Psychiatrist make per hour in New Mexico? ▼
Based on the median annual salary of $232,623, a psychiatrist in New Mexico earns approximately $112 per hour assuming a standard 2,080-hour work year.
Is New Mexico a good state for psychiatrists? ▼
New Mexico ranks #33 out of 50 states for psychiatrist pay. The cost of living index is 93% of the national average. Entry-level psychiatrists earn $113,750, while senior professionals earn $350,350.
How does New Mexico compare to other states for psychiatrist salary? ▼
The highest paying state for psychiatrists is Hawaii at $455,021. New Mexico's median of $232,623 ranks #33 nationally. Nearby-ranked states include Ohio ($235,180) and Louisiana ($232,623).
What is the entry-level psychiatrist salary in New Mexico? ▼
An entry-level psychiatrist in New Mexico earns approximately $113,750 per year. With 3-7 years of experience, pay increases to around $234,780. Senior-level professionals with 8+ years earn up to $350,350.
What city in New Mexico pays psychiatrists the most? ▼
Santa Fe is the highest paying city in New Mexico for psychiatrists, with a median salary of $276,080. Other cities include Albuquerque and Las Cruces.