Limited Data Available
This page is based on 2 salary submissions. For more accurate insights, we recommend viewing the national Psychiatry overview or contributing your salary data.
Average Psychiatrist Salary in New Mexico
As of October 11, 2025, a Psychiatrist in New Mexico earns approximately $310,000 per year ($25,833 monthly). Based on an average 40-hour work week, this translates to about $149 per hour. Looking for a broader view? See the Psychiatrist salary overview or compare nearby states like Arizona, Nevada, and Oregon.
How Much Do Psychiatrists Make in New Mexico?
From 2 verified physician salary submissions in New Mexico, SalaryDr is seeing total compensation ranging from $230,000 to $390,000, with top performers (90th percentile) earning up to $390,000 annually. Compared to the national median of $310,000, Psychiatrist salaries in New Mexico are in line with the national median.
Bonuses, Hours Worked, and Job Satisfaction
In New Mexico, the salary progression for psychiatrist physicians shows significant growth potential. Entry-level positions start at $230,000, while those with more than 10 years of experience earn a typical salary of $390,000 - a 70% increase.
Local Practice Settings and Employers in New Mexico
On average, base salary accounts for 77% of total compensation—about $237,500—with the remaining amount coming from bonuses, profit sharing, and incentives.
Cost of Living and Market Factors in New Mexico
New Mexico offers unique advantages for psychiatrist physicians, including competitive local markets and quality of life benefits. The cost of living in New Mexico varies by region within the state.
Work-Life Balance in New Mexico
Local psychiatrist physicians report 3.0/5 career satisfaction, with 100% of those surveyed saying they would choose this specialty again.
Salary Distribution
Distribution based on 2 verified physician salary submissions.
Median Salary: $310,000
Physician Satisfaction in Psychiatry
Satisfaction Rating
Average satisfaction rating reported by Psychiatry physicians (1-5 scale).
Would Choose Again
Percentage of Psychiatry physicians who would choose this specialty again.
Career Satisfaction
Physicians cite the variety of cases and patient relationships as most rewarding aspects of this specialty.
Primary Challenges
On-call demands, administrative burden, and work-life balance are cited as the top challenges.
Salary Comparison
Location Statistics
Average Salary
$310,000
Median Salary
$310,000
Salary Range
$230,000 - $390,000
National Comparison
National Average
$310,000
Difference
+0% vs National Average
Sample Size
2 local / 2 national reports
Salary by Practice Type
| Practice Type | Average Salary | Sample Size |
|---|---|---|
| Hospital-employed | $390,000 | 1 submissions |
| Academic | $230,000 | 1 submissions |
* Practice types with fewer than 3 submissions may be omitted for privacy.
Salary by Experience Level
| Years of Experience | Average Salary | Sample Size |
|---|---|---|
| 3-5 years | $310,000 | 2 submissions |
* Experience levels with fewer than 3 submissions may be omitted for privacy.
Psychiatrist Salaries by City in New Mexico
Back to Psychiatrist Overview →Browse city-level salary data for psychiatrist physicians in New Mexico.
Take-Home Pay Calculator
Subspecialty Comparison
Child
Forensic
Geriatric
Addiction
| Subspecialty | Average Salary | Sample Size | Description |
|---|---|---|---|
| Child | $372,333 | 15 submissions | Focuses on specialized child procedures and treatments within psychiatry, providing expert care in this specific area. |
| Forensic | $362,333 | 15 submissions | Focuses on specialized forensic procedures and treatments within psychiatry, providing expert care in this specific area. |
| Geriatric | $353,800 | 5 submissions | Focuses on specialized geriatric procedures and treatments within psychiatry, providing expert care in this specific area. |
| Addiction | $350,556 | 9 submissions | Focuses on specialized addiction procedures and treatments within psychiatry, providing expert care in this specific area. |
* Subspecialties with fewer than 3 submissions may be omitted for privacy.
* Data is aggregated from verified physician submissions.
Popular Locations
New York City, NY
Average Salary: $400,000
Based on 150 reports
Los Angeles, CA
Average Salary: $380,000
Based on 120 reports
Chicago, IL
Average Salary: $350,000
Based on 100 reports
Houston, TX
Average Salary: $340,000
Based on 90 reports
Miami, FL
Average Salary: $360,000
Based on 80 reports
Boston, MA
Average Salary: $370,000
Based on 70 reports
* Showing locations with the most reported salaries.
* Some locations may be omitted if they have fewer than 3 reports.
Psychiatry Market Insights: New Mexico
Local market conditions, cost of living, and opportunities for Psychiatry physicians in New Mexico.
Market Opportunities
Teaching hospitals and medical schools offer Psychiatry positions with research opportunities.
Established and startup practices seeking Psychiatry physicians with partnership potential.
High-demand temporary positions offering flexibility and competitive hourly rates.
Key Market Factors for Psychiatry in New Mexico
Advantages:
- • No state income tax
- • Growing demand for Psychiatry services
- • Established medical community
Considerations:
- • Malpractice insurance requirements
- • State licensing and credentialing process
- • Competition from established practices
Considering a move to New Mexico?
Compare Psychiatry salaries across different locations and practice settings.
Frequently Asked Questions
Get answers to the most common questions about physician salaries in Psychiatry in New Mexico.
Data Source: All salary information is based on verified submissions from practicing physicians and is updated regularly to reflect current market conditions.
How to Transition to Psychiatry in New Mexico
Complete guide for physicians looking to transition careers or relocate to Psychiatry in New Mexico.
Assess Your Current Position
Evaluate your current specialty, compensation, job satisfaction, and career goals. Identify specific reasons for wanting to transition and what you hope to achieve.
Research Target Opportunities
Investigate Psychiatry opportunities in New Mexico, including salary ranges, practice settings, required qualifications, and market demand.
Learn more →Identify Skill Gaps
Compare your current qualifications with requirements for your target role. Identify any additional training, certifications, or experience needed for a successful transition.
Network with Professionals
Connect with Psychiatry physicians in New Mexico through medical associations, conferences, and professional networks. Conduct informational interviews to gain insights.
Develop Transition Plan
Create a timeline for your transition including any required training, licensing requirements, financial planning for potential income changes, and family considerations.
Execute Your Transition
Begin applying for positions, complete any required training, and manage the logistics of your career change including contract negotiations and relocation if necessary.
Professional Tip: This guide provides general recommendations. Always consult with career advisors, mentors, and legal professionals for personalized advice specific to your situation.
Help Build Better Physician Salary Data
We need more Psychiatry physician in New Mexico salary submissions to provide accurate insights. Your data helps colleagues make informed career decisions.
Contribute to Our Salary Database
Help fellow physicians by anonymously sharing your salary information. Your contribution helps create more accurate salary insights for the medical community.
About Our Data
Our salary data is based on anonymous submissions from practicing physicians across the United States. We verify and clean the data to ensure accuracy and remove outliers.
Last updated: October 11, 2025