As of July 01, 2026, the average salary for a Physical Therapist III in New Mexico is $113,361 per year, which breaks down to an hourly rate of $55.
However, a Physical Therapist III's salary can vary significantly. Here’s a look at the typical salary range:
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A Physical Therapist III's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, and company size can directly affect your earning potential.
Experience is a primary driver of a Physical Therapist III's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Physical Therapist I | 0-2 years | $84,236 |
| Physical Therapist II | 2-4 years | $98,235 |
| Physical Therapist III | 4-7 years | $113,361 |
| Physical Therapy Supervisor | 7+ years | $99,208 |
| Physical Therapy Manager | 7+ years | $117,095 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Physical Therapist IIIs. For example, consider the average annual salaries in these key locations:
Physical Therapist III salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $121,026. While startup companies pay approximate $102,901.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $102,901 |
| Growth Stage | 51~500 | $108,690 |
| Established | 501~5000 | $117,024 |
| Enterprise | 5000+ | $121,026 |
For Physical Therapist III roles, the industry you choose can impact your earning potential by as much as 40% (the gap between the highest and lowest paying industries). Data shows that the highest-paying industry, Edu., Gov't. & Nonprofit, offers compensation 20% above the average. Conversely, Physical Therapist positions in Business Services typically offer lower base pay, as this sector often view Physical Therapist III as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Edu., Gov't. & Nonprofit | $136,034 | $65.0 | 20% |
Understanding how a Physical Therapist III's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on July 01, 2026For a Physical Therapist III, the most direct path to higher earnings is advancing to the Physical Therapy Supervisor role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $99,208 - a projected growth of -12% over your current level.
Ready to take the next step in your career? Browse thousands of current Physical Therapist III job openings on our job board. Use the search bar below to find your perfect match.
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