Healthcare Albuquerque, NM Pop. 564,559

Psychiatrist Salary in Albuquerque, New Mexico

The median psychiatrist salary in Albuquerque, NM is $237,736 per year, which is 7% below the national median and 2.2% above the New Mexico state average.

City Median
$237,736
vs State Avg
+$5,113
vs National
$-17,894
Cost of Living
95%

Psychiatrist Pay in Albuquerque: What to Expect (2026)

Albuquerque offers a median psychiatrist salary of $237,736, which is $5,113 above the New Mexico state average of $232,623. Compared to the national median of $255,630, Albuquerque pays below the national benchmark for this role.

Albuquerque's cost of living is 95% of the national average, meaning salary figures here closely reflect actual purchasing power. This makes direct comparisons to other cities straightforward.

The salary range for psychiatrists in Albuquerque spans from $111,600 at the 10th percentile to $372,000 at the 90th percentile — a $260,400 spread. Entry-level professionals start around $116,250, while senior psychiatrists with 8+ years of experience can earn up to $358,050. As a major metro area with a population of 564,559, Albuquerque typically offers more job opportunities and employer competition, which can drive salaries higher.

Psychiatrist Salary in Albuquerque by Experience

In Albuquerque, an entry-level psychiatrist earns around $116,250, while experienced professionals earn up to $358,050 per year. The local cost of living index is 95% of the national average.

Entry Level (0-2 yrs)
$116,250
$-8,750 vs national
Mid Level (3-7 yrs)
$239,940
$-18,060 vs national
Senior Level (8+ yrs)
$358,050
$-26,950 vs national

Salary Percentiles in Albuquerque, NM

Percentile Albuquerque
10th Percentile $111,600
25th Percentile $162,750
Median (50th) $237,736
75th Percentile $306,900
90th Percentile $372,000

Psychiatrist Salary in Other New Mexico Cities

Santa Fe, NM
$276,080
Pop. 87,505
Rio Rancho, NM
$230,067
Pop. 104,046
Las Cruces, NM
$219,842
Pop. 111,385
Roswell, NM
$204,504
Pop. 48,422

How to Become a Psychiatrist in Albuquerque

Education

Most psychiatrist positions require a doctoral degree. Albuquerque and the surrounding New Mexico area have institutions offering relevant programs.

Key Skills

PsychiatryPsychopharmacologyCBT/DBTDiagnosisPatient AssessmentDocumentation

Job Outlook

Nationally, psychiatrist employment is projected to grow 7% over the next decade (faster than average). Demand in Albuquerque may vary based on local industry and population growth.

Find Psychiatrist Jobs in Albuquerque

Browse open psychiatrist positions in Albuquerque, NM:

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Frequently Asked Questions: Psychiatrist Salary in Albuquerque

How much does a Psychiatrist make in Albuquerque, NM? ▼
The median psychiatrist salary in Albuquerque, New Mexico is $237,736 per year, which is 7% below the national median of $255,630. Salaries range from $111,600 (10th percentile) to $372,000 (90th percentile).
How much does a Psychiatrist make per hour in Albuquerque? ▼
Based on the median annual salary of $237,736, a psychiatrist in Albuquerque earns approximately $114 per hour assuming a standard 2,080-hour work year.
How does Albuquerque compare to the New Mexico state average for psychiatrist pay? ▼
Albuquerque's median psychiatrist salary of $237,736 is 2.2% above the New Mexico state average of $232,623. The local cost of living index is 95% of the national average.
What is the cost of living in Albuquerque, NM? ▼
Albuquerque has a cost of living index of 95% compared to the national average. This means a psychiatrist salary of $237,736 in Albuquerque has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a psychiatrist in Albuquerque? ▼
Most psychiatrist positions in Albuquerque require a doctoral degree. Key skills include Psychiatry, Psychopharmacology, CBT/DBT, Diagnosis. The job market is projected to grow 7% nationally over the next decade.