Psychiatrist salary in New Mexico
Psychiatrists in New Mexico earn a median of $227,730 a year ($109.49 an hour), based on BLS data for this job.
Pay ranges from $172,340 for the lowest-paid 10% to $388,100 for the top 10%. That is 19% lower than the national median of $281,870. New Mexico ranks 35th of 46 states for psychiatrists pay. The average (mean) salary is $238,260, above the median because a few high earners pull it up.
Pay range for psychiatrists in New Mexico
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $172,340 | $82.86 |
| 25th percentile | $224,920 | $108.14 |
| Median | $227,730 | $109.49 |
| 75th percentile | $248,940 | $119.68 |
| 90th percentile (top earners) | $388,100 | $186.59 |
| Average (mean) | $238,260 | $114.55 |
Half of psychiatrists earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $18,977.50 |
| Semi-monthly (24 a year) | $9,488.75 |
| Biweekly (26 a year) | $8,758.85 |
| Weekly | $4,379.42 |
| Hourly | $109.49 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Psychiatrist salary in cities in New Mexico
| Metro area | Median salary | Workers |
|---|---|---|
| Albuquerque, NM | $236,320 | n/a |
Highest-paying states for psychiatrists
| State | Median salary |
|---|---|
| California | $353,500 |
| Louisiana | $345,040 |
| Alaska | $342,170 |
| Minnesota | $336,410 |
| Wisconsin | $331,070 |
| Connecticut | $326,670 |
| Florida | $316,200 |
| Oregon | $314,880 |
| Missouri | $312,680 |
| Maryland | $305,320 |
Related jobs in New Mexico
| Job | Median salary | Hourly |
|---|---|---|
| Registered Nurse | $94,340 | $45.36 |
| Physicians, All Other | $327,670 | $157.54 |
| Nurse Practitioner | $137,520 | $66.11 |
| Pharmacist | $147,000 | $70.67 |
| Dental Hygienist | $95,940 | $46.12 |
| Physical Therapist | $106,880 | $51.38 |
| Speech-Language Pathologist | $98,690 | $47.45 |
| Occupational Therapist | $99,170 | $47.68 |
| Respiratory Therapist | $68,870 | $33.11 |
| Dentists, General | $155,260 | $74.64 |
| Physician Assistant | $139,920 | $67.27 |
| Family Medicine Physician | $228,040 | $109.64 |
| Dietitians and Nutritionists | $74,730 | $35.93 |
| Veterinarian | $129,390 | $62.21 |
More: Healthcare Practitioners and Technical Occupations · all salaries in New Mexico
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 29-1223. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a psychiatrist make in New Mexico?
The median salary for psychiatrists in New Mexico is $227,730 a year, or $109.49 an hour. Pay ranges from $172,340 for the lowest-paid 10% to $388,100 for the top 10%.
How much do the highest-paid psychiatrists make in New Mexico?
The top 10% of psychiatrists in New Mexico earn at least $388,100 a year. The top 25% earn $248,940 or more.
What is the starting pay for psychiatrists in New Mexico?
Entry-level pay (the 10th percentile) is about $172,340 a year, and a quarter of psychiatrists earn $224,920 or less.