Average Emergency Medicine Physicians Salary in New Mexico
Emergency Medicine Physicians in New Mexico earn an impressive average annual salary of $336,110, significantly surpassing the national average of $325,400. This elevated compensation is likely driven by the specialized nature of emergency care and potentially by factors unique to the state's healthcare landscape, such as demand and regional economic conditions.
Executive Summary
- Average Salary: $336,110 per year.
- Growth Trend: Salaries have shifted 6.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $504,165.
- Outlook: With a local workforce of 400 Emergency Medicine Physicians, New Mexico demonstrates a notable concentration of these professionals, indicated by a Location Quotient of 2.1. This suggests a robust demand and a specialized job market within the state, offering a stable environment for those in this critical field.
Salary Overview
The average Emergency Medicine Physicians in New Mexico earns+3.3%above the national average.
$161.6
$6,464
$28,009
Emergency Medicine Physicians Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the demand for skilled Emergency Medicine Physicians has seen consistent growth over the past four years, leading to a probable upward trend in average salaries across the nation and within New Mexico.
Emergency Medicine Physicians Salary Distribution in New Mexico
Salary progression for Emergency Medicine Physicians in New Mexico typically scales with experience. Entry-level practitioners may start at lower percentiles, while seasoned professionals with extensive experience and specialized skills can command salaries in the higher percentiles, reflecting a clear career growth trajectory.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $152,940 | $73.5 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $252,083 | $121.2 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $336,107 | $161.6 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $420,138 | $202 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $504,165 | $242.4 |
Detailed Emergency Medicine Physicians Market Analysis
Relocation Context
Nominal Salary
$336,110
Gross Pay
Real Wage (Purchasing Power)
$375,123
Adjusted for COL (89.6)
The average annual salary of $336,110 in New Mexico presents a strong financial advantage, especially when considering the state's Cost of Living Index of 89.6, which is below the national average of 100. This indicates that the purchasing power of an Emergency Medicine Physician's salary in New Mexico is considerably higher than the national median.
Job Market Context
400
Total Jobs
0.46
Per 1K Jobs
2.1
Location Quotient
New Mexico has 2.1x the national concentration of Emergency Medicine Physicians jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
The Location Quotient of 2.1 for Emergency Medicine Physicians in New Mexico signifies a market that is more than twice as concentrated as the national average. This suggests a high demand for these specialists relative to the general workforce, indicating a competitive yet potentially rewarding job market.
Nearby Job Markets
Nearby Cities for Emergency Medicine Physicians
| City | Salary | Dist. |
|---|---|---|
| Albuquerque, NM Emergency Medicine Physicians Salary | $341,780↑ 2% | 29 mi |
Comparing salaries near New Mexico
Hiring Emergency Medicine Physicianss?
Frequently Asked Questions
How much does a Emergency Medicine Physicians make in New Mexico?
The median annual salary for a Emergency Medicine Physicians in New Mexico is $336,110. This typically ranges from $152,940 for entry-level positions to $504,165 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New Mexico is 3.3% higher than the national median of $325,400.
Is New Mexico a lucrative place for Emergency Medicine Physicians?
Yes, New Mexico is a lucrative place for Emergency Medicine Physicians.Emergency Medicine Physicians in New Mexico earn above the national average salary, and the lower cost of living further enhances their earning potential and purchasing power.
Is New Mexico a good place to live for Emergency Medicine Physicians?
With a Cost of Living Index of 89.6 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near New Mexico?
Some top paying nearby cities include Albuquerque, NM ($341,780) and others.
How does the New Mexico salary compare to the national average?
The average annual salary for Emergency Medicine Physicians in New Mexico is $336,110, which is $10,710 higher than the national average of $325,400.
What is the concentration of Emergency Medicine Physicians in New Mexico?
New Mexico has a Location Quotient of 2.1 for Emergency Medicine Physicians, meaning the concentration of these professionals is more than double the national average.
How does the cost of living in New Mexico affect salary perception?
With a Cost of Living Index of 89.6, New Mexico is more affordable than the national average (100), making the higher salary of $336,110 translate to greater real income and purchasing power.
What is the total number of Emergency Medicine Physicians in New Mexico?
There are approximately 400 Emergency Medicine Physicians working within New Mexico.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 400 employees in the New Mexico area with a job density of 0.46 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
Explore Emergency Medicine Physicians Salaries by State
Top Jobs in New Mexico
- All Occupations Salary in New Mexico
- Office and Administrative Support Occupations Salary in New Mexico
- Food Preparation and Serving Related Occupations Salary in New Mexico
- Sales and Related Occupations Salary in New Mexico
- Transportation and Material Moving Occupations Salary in New Mexico
- Construction and Extraction Occupations Salary in New Mexico
- Healthcare Support Occupations Salary in New Mexico
- Educational Instruction and Library Occupations Salary in New Mexico
- Healthcare Practitioners and Technical Occupations Salary in New Mexico
- Business and Financial Operations Occupations Salary in New Mexico
- Browse All Jobs in New Mexico →
Semantic Salary Analysis for Emergency Medicine Physicians • Data source: BLS OEWS 2024 •Jobs in New Mexico