Psychiatric Physician Salary in New Mexico

How much does a Psychiatric Physician make in New Mexico?

As of September 01, 2026, the average salary for a Psychiatric Physician in New Mexico is $272,698 per year, which breaks down to an hourly rate of $131.

However, a Psychiatric Physician's salary can vary significantly. Here’s a look at the typical salary range:

  • Top Earners (90th percentile): $327,635
  • Majority Range (25th-75th percentile): $255,812 to $301,454
  • Entry-Level (10th percentile): $240,438

Key Factors That Influence Psychiatric Physician Salaries

A Psychiatric Physician'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.

How Experience Level Affects Psychiatric Physician Salaries?

Experience is a primary driver of a Psychiatric Physician'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:

  • Entry-Level (less than 1 year): $264,045
  • Early Career (1-2 years): $265,256
  • Mid-Level (2-4 years): $266,467
  • Senior-Level (5-8 years): $268,162
  • Expert (over 8 years): $272,699
Levels Salary
Entry Level Psychiatric Physician$264,045
Intermediate Level Psychiatric Physician$265,256
Senior Level Psychiatric Physician$266,467
Specialist Level Psychiatric Physician$268,162
Expert Level Psychiatric Physician$272,699

Top Paying Cities for Psychiatric Physicians

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

  • Algodones: $275,601
  • Belen: $274,067
  • Bernalillo: $276,090

Psychiatric Physician Salary by Industry: Top Paying Sectors

For Psychiatric Physician roles, the industry you choose can affect earning potential by as much as 30% (the gap between the highest and lowest paying industries). Data shows that the Edu., Gov't. & Nonprofit and Pharmaceuticals sectors offer the strongest compensation, at 10% above the average. In contrast, Psychiatric Physician positions in Biotechnology or Healthcare typically offer lower base pay, as these industries often view Psychiatric Physician as a support function rather than a direct revenue driver.

The top paying industries for a Psychiatric Physician

Industry Sector Average Annual Salary Average Hourly Rate Pay vs.Avg
Edu., Gov't. & Nonprofit$299,968$144.010%
Pharmaceuticals$299,968$144.010%

Psychiatric Physician Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Psychiatric Physician'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 September 01, 2026
$255,812
Average $272,698/year
$301,454
$21,318
Average $22,725/month
$25,121
$4,919
Average $5,244/week
$5,797
$123
Average $131/hour
$145
Annual Salary Monthly Pay Weekly Pay Hourly Wage
75th Percentile $301,454 $25,121 $5,797 $145
Average $272,698 $22,725 $5,244 $131
25th Percentile $255,812 $21,318 $4,919 $123

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Where Does Our Salary Data Come From?

Salary.com salary estimates, histograms, trends, and comparisons are derived from both employer job postings and third-party data sources. We also provide multiple percentiles of salary information for your reference, click here to know Why the Salary Midpoint Formula Is Crucial to Getting Pay Equity Right. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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