The average annual salaries for psychiatrists in the state of New Mexico are shown in Table 1. The comparison of the salary statistics of psychiatrists among New Mexico cities 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 | $150,780 |
| 25th Percentile Wage | $186,880 |
| 50th Percentile Wage | $61,600 |
| 75th Percentile Wage | No Data |
| 90th Percentile Wage | No Data |
Table 1 shows the average annual salary for psychiatrists in New Mexico in 5 percentile scales. The median (50th percentile) annual salary is $61,600. The average annual salary of the 25th percentile is $186,880. The average annual salary for the bottom 10 percent is $150,780.
The table and chart below show the trend of the median salary of psychiatrists from 2012 to 2015. Note that there is no salary data for some years between 2012 and 2022.
| Year | Median Salary | Growth | 3-Year Growth |
|---|---|---|---|
| 2015 | $61,600 | 11.72% | -184.16% |
| 2014 | $54,380 | -82.77% | - |
| 2013 | $99,390 | -76.11% | - |
| 2012 | $175,040 | - | - |
Table 3 shows the median annual salary of psychiatrists in some New Mexico cities and metropolitan areas. We note that the median annual salary of psychiatrists in state of New Mexico ranges from $118,110 to $200,560. The highest paying area for psychiatrists in New Mexico is Albuquerque with a median annual salary of $200,560. The lowest paying area is Las Cruces with a median annual salary of $118,110.
| Cities/Areas | Median Annual Salary |
|---|---|
| Albuquerque | |
| Las Cruces |