The average annual salaries for family medicine physicians in the state of New Mexico are shown in Table 1. The comparison of the salary statistics of family medicine physicians amongst New Mexico metropolitan areas is shown in Table 2. The salary statistics are based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile bracket | Average annual salary |
|---|---|
| 10th Percentile Wage | $101,040 |
| 25th Percentile Wage | $131,800 |
| 50th Percentile Wage | $215,630 |
| 75th Percentile Wage | $207,820 |
| 90th Percentile Wage | No Data |
Table 1 shows the average annual salary for family medicine physicians in New Mexico in 5 percentile scales. The average annual salary for the 75th percentile (the top 25 percent of the highest paid) is $207,820. The median (50th percentile) annual salary is $215,630. The average annual salary for the bottom 10 percent is $101,040.
The table and chart below show the trend of the median salary of family medicine physicians from 2012 to 2022. Note that there is no salary data for some years between 2012 and 2022.
| Year | Median Salary | Growth | 3-Year Growth |
|---|---|---|---|
| 2022 | $215,630 | 24.24% | 32.14% |
| 2021 | $163,360 | -10.88% | - |
| 2020 | $181,140 | 19.22% | - |
| 2019 | $146,320 | - | - |
Table 3 shows the median annual salary of family medicine physicians in some New Mexico cities and metropolitan areas. We note that the median annual salary of family medicine physicians in state of New Mexico ranges from $135,250 to $228,870. The highest paying area for family medicine physicians in New Mexico is Albuquerque with a median annual salary of $228,870. The second highest paying city/area in New Mexico State is Northern New Mexico nonmetropolitan area (mean annual salary $227,730). The lowest paying area is Las Cruces with a median annual salary of $135,250.
| Cities/Areas | Median Annual Salary |
|---|---|
| Albuquerque | |
| Northern New Mexico nonmetropolitan area | |
| Eastern New Mexico nonmetropolitan area | |
| Santa Fe | |
| Las Cruces |