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 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
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.