New Mexico Median
$227,730
per year
Hourly Rate
$109.49
based on 2,080 hrs/yr
vs National
-19% vs US median
US median $281,870
State Rank
#35 of 46
state estimate
How much does a Psychiatrist make in New Mexico?
A Psychiatrist working in New Mexico earns a median salary of $227,730 per year, or about $109.49 per hour. That is 19% below the national median of $281,870 for this occupation.
Within New Mexico, entry-level pay starts around $172,340 while the top 10% make $388,100 or more. The middle 50% of earners fall between $224,920 and $248,940 a year.
Psychiatrist salary range in New Mexico
| Pay level | Annual salary | Hourly rate | |
|---|
| 10th percentile (entry level) | $172,340 | $82.86 |
|
| 25th percentile (early career) | $224,920 | $108.13 |
|
| 50th percentile (median) | $227,730 | $109.49 |
|
| 75th percentile (experienced) | $248,940 | $119.68 |
|
| 90th percentile (top earners) | $388,100 | $186.59 |
|
How New Mexico compares
New Mexico ranks 35th out of 46 states and territories for Psychiatrist pay. The top 5 best-paying states:
Psychiatrist salary in other states
California $353,500Louisiana $345,040Alaska $342,170Minnesota $336,410Wisconsin $331,070Connecticut $326,670Florida $316,200Oregon $314,880Missouri $312,680Maryland $305,320Washington $304,920Vermont $302,770Maine $300,180Utah $299,670Iowa $295,270Virginia $295,010Michigan $291,850Hawaii $289,990Rhode Island $287,610Indiana $284,110Delaware $279,410Pennsylvania $278,970Kansas $278,100Oklahoma $271,640Colorado $266,370New York $265,890Illinois $258,740Arizona $249,720New Hampshire $246,140Ohio $244,990Kentucky $237,770Georgia $237,480South Carolina $237,250Texas $228,460South Dakota $226,180Tennessee $214,880Mississippi $213,680Nevada $210,030New Jersey $194,070District of Columbia $183,080North Carolina $168,880Nebraska $135,180Arkansas $124,750Idaho $75,470West Virginia $63,320
Working as a Psychiatrist in New Mexico
Nationally, about 28,000 people work as Psychiatrists in the United States. A bachelor's degree (about 4 years of college) is the standard entry requirement.
Considering a move? Compare New Mexico pay ($227,730) against the highest-paying state above, and weigh the difference against housing and everyday costs — a smaller paycheck in a cheaper state can stretch further.
Frequently asked questions
How much does a Psychiatrist make in New Mexico?
The median Psychiatrist salary in New Mexico is $227,730 per year, or about $109.49 per hour, per official BLS state wage estimates. Salaries typically range from $172,340 at the entry level to $388,100 for the top 10% of earners.
How does New Mexico pay compare to the national average?
New Mexico pays Psychiatrists about 19% less than the national median of $281,870. New Mexico ranks 35th out of 46 states and territories reporting this occupation.
Is New Mexico a good state for Psychiatrists?
Pay runs below the national median here, at $227,730 a year. A lower cost of living can offset the smaller paycheck, so compare take-home value, not just salary.
What are the highest-paying jobs in New Mexico?
The highest-paying occupations in New Mexico include Emergency Medicine Physician ($405,130), Anesthesiologist ($393,970), Surgeon, All Other ($363,940), based on median annual pay in official BLS state estimates.
← See the national Psychiatrist salary report
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Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS), Unknown vintage. Education requirements: O*NET (U.S. Department of Labor). State figures are official BLS state-level wage estimates. Where BLS suppresses a state percentile, it is scaled from the official national distribution. Individual pay varies by employer, metro area, and experience.