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Average Psychiatrists Salary in Albuquerque, NM

Yes, Albuquerque, NM is a highly lucrative market for Psychiatristss. With an average annual salary of $312,630, professionals here earn significantly more than the national norm.

Executive Summary

  • Average Salary: $312,630 per year.
  • Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $468,945.
  • Outlook: This role remains a specialized component of the broader Albuquerque, NM economy.
2024 Market Data

Salary Overview

$312,630

The average Psychiatrists in Albuquerque, NM earns+13.9%above the national average.

BreakdownBased on 40h/week
Hourly

$150.3

Weekly

$6,012

Monthly

$26,053

Psychiatrists Salary Distribution in Albuquerque, NM

The earning potential for Psychiatristss in Albuquerque, NM varies significantly by experience level. The salary gap is relatively narrow, suggesting consistent and predictable earnings from entry-level to senior positions. Entry-level roles (10th percentile) typically start around $227,480, while highly experienced professionals can command wages upwards of $468,945.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$227,480$109.4
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$234,473$112.7
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$312,624$150.3
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$390,788$187.9
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$468,945$225.5

Detailed Psychiatrists Market Analysis

Relocation Context

Nominal Salary

$312,630

Gross Pay

Real Wage (Purchasing Power)

$312,630

Adjusted for COL (100)

In Albuquerque, NM, the Cost of Living Index is 100. This increases your effective purchasing power from $312,630 to $312,630.

Nearby Job Markets

Hiring Psychiatristss?

Frequently Asked Questions

How much does a Psychiatrists make in Albuquerque, NM?

The median annual salary for a Psychiatrists in Albuquerque, NM is $312,630. This typically ranges from $227,480 for entry-level positions to $468,945 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Albuquerque, NM is 13.9% higher than the national median of $274,560.

Is Albuquerque, NM a good place for Psychiatristss?

Yes, Albuquerque, NM is financially attractive for Psychiatristss. The average salary of $312,630 exceeds the national average. See distinct detailed breakdown below.

Is Albuquerque, NM a good place to live for Psychiatrists?

The Cost of Living Index in Albuquerque, NM is 100. While higher than average, this often correlates with higher wages.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes employees in the Albuquerque, NM area with a job density of per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Psychiatrists • Data source: BLS OEWS 2024 •Jobs in Albuquerque, NM