Psychiatrist Salary in New Mexico
Median annual pay in New Mexico
$227,730
$109.49/hour
BLS OEWS, May 2025
Adjusted for cost of living in New Mexico
$246,964
Regional Price Parity: 92.212 (U.S. = 100)
Wages: BLS OEWS, May 2025. Cost of living: BEA Regional Price Parities, 2024.
Difference from the U.S. median ($281,870): −$54,140 (−19.2%)
New Mexico ranks 35th of 46 states by median pay, and 32nd of 46 after adjusting for cost of living.
Pay
| Annual | Hourly | |
|---|---|---|
| 10th percentile | $172,340 | $82.86 |
| 25th percentile | $224,920 | $108.14 |
| Median | $227,730 | $109.49 |
| 75th percentile | $248,940 | $119.68 |
| 90th percentile | $388,100 | $186.59 |
Employment
- Employment in New Mexico
- Not published
BLS does not publish this figure for New Mexico.
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Comparison
Compared with the U.S.
- Median annual pay in New Mexico
- $227,730
- Median annual pay in the U.S.
- $281,870
- Difference
- −$54,140 (−19.2%)
Cost of living
$227,730 ÷ 92.212 × 100 = $246,964
Wages: BLS OEWS, May 2025. Cost of living: BEA Regional Price Parities, 2024.
Ranking
| Rank | Median annual pay | Adjusted for cost of living (annual) |
|---|---|---|
| South Carolina | ||
| 33rd | $237,250 | $253,069 30th |
| Texas | ||
| 34th | $228,460 | $235,387 37th |
| New Mexico This page | ||
| 35th | $227,730 | $246,964 32nd |
| South Dakota | ||
| 36th | $226,180 | $255,323 29th |
| Tennessee | ||
| 37th | $214,880 | $233,896 38th |
Similar occupations
Related occupations from O*NET, in O*NET's order, with their BLS median pay. Each figure shows the place it is for.
- Pediatrician, General salary in New Mexico
$202,390/year New Mexico
- Neurologist salary in the U.S.
$248,560/year U.S.
- Registered Nurse salary in New Mexico
$94,340/year New Mexico
- Family Medicine Physician salary in the U.S.
$244,180/year U.S.
- General Internal Medicine Physician salary in the U.S.
$256,560/year U.S.
- Psychologists, All Other salary in the U.S.
$110,840/year U.S.
Outlook
- Projected employment change, 2025–35 (U.S.)
- +7.2%
- Typical education needed for entry (U.S.)
- Doctoral or professional degree
BLS publishes employment projections only for the U.S. as a whole. BLS Employment Projections, 2025–35
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Psychiatrist salary in nearby places
- Psychiatrist salary in Arizona
$249,720/year Arizona
- Psychiatrist salary in Colorado
$266,370/year Colorado
- Psychiatrist salary in Oklahoma
$271,640/year Oklahoma
- Psychiatrist salary in Texas
$228,460/year Texas
- Psychiatrist salary in Utah
$299,670/year Utah
- Psychiatrist salary in the U.S.
$281,870/year U.S.
Sources and update
- Wages and employment: BLS Occupational Employment and Wage Statistics (OEWS), May 2025.
- Cost of living: BEA Regional Price Parities, 2024.
- Related occupations: O*NET® 31.0 Database, CC BY 4.0. Attributions
- Employment projections and typical education: BLS Employment Projections, 2025–35.
- Neighboring states: U.S. Census Bureau, County Adjacency File, 2024.
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