Psychiatrists Pay Range in New Mexico
Pay distribution across experience levels
- 10th Percentile — Entry Level$172,340
- 25th Percentile — Junior$224,920
- 50th Percentile — Median$227,730
- 75th Percentile — Senior$248,940
- 90th Percentile — Top Earners$388,100
Half of Psychiatrists in New Mexico earn more than $227,730. The top 10% make $388,100 or more, while entry-level workers start around $172,340.
Psychiatrists in New Mexico: Key Facts
Source: BLS OEWS May 2025
- New Mexico ranks 32nd of 46 states for Psychiatrists pay, at $238,260 per year (11.7% below the U.S. average of $269,940).
- Pay range: the lowest-paid 10% earn under $172,340; the top 10% earn over $388,100.
- Hourly equivalent: $114.55 per hour (2,080 hours/year).
- The highest-paying state is Missouri at $345,860.
- Among healthcare jobs in New Mexico, Emergency Medicine Physicians pays the most ($360,410).
Psychiatrists Job Market in New Mexico
Key factors affecting compensation
New Mexico's key industries are Government, Energy, Tourism, and its job market is rated moderate. Psychiatrists here earn $238,260 on average, placing the state 32nd nationally.
With a cost-of-living index of 0.88 (U.S. = 1.00), a New Mexico salary of $238,260 is roughly equivalent to $270,750 at the national average cost of living.
Compared with nearby states in the pay ranking, New York ($252,840), Ohio ($250,210), New Jersey ($244,560) are the closest alternatives for Psychiatrists weighing a move.
U.S. Bureau of Labor Statistics · Occupational Employment and Wage Statistics (OES) · May 2025
Other Healthcare Jobs in New Mexico
Related career salary benchmarks
- Emergency Medicine Physicians $360,410/yr New Mexico +51.3% vs this role
- Surgeons All Other $335,940/yr New Mexico +41.0% vs this role
- Anesthesiologists $325,930/yr New Mexico +36.8% vs this role
- Physicians All Other $318,330/yr New Mexico +33.6% vs this role
- Obstetricians and Gynecologists $278,630/yr New Mexico +16.9% vs this role
- Family Medicine Physicians $238,170/yr New Mexico +0.0% vs this role
- Pediatricians General $216,420/yr New Mexico 9.2% vs this role
- Dentists General $185,010/yr New Mexico 22.3% vs this role
Frequently Asked Questions
Common questions about this salary
What is the average Psychiatrists salary in New Mexico?
The average Psychiatrists salary in New Mexico is $238,260 per year (median $227,730), which is 11.7% below the national average of $269,940.
How does New Mexico rank for Psychiatrists pay?
New Mexico ranks 32nd out of 46 states. The highest-paying state is Missouri ($345,860/yr).
How much do entry-level Psychiatrists make in New Mexico?
The lowest-paid 10% of Psychiatrists in New Mexico earn about $172,340 per year and the 25th percentile is $224,920.
How much do Psychiatrists make per hour in New Mexico?
About $114.55 per hour, based on the $238,260 annual average and 2,080 working hours per year.
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