Psychiatrists in New Mexico
May 2025 wages · tax year 2026
You keep
$158,718
after federal, FICA and New Mexico tax
Tax takes
$69,012
30.3% of the whole
Worth, in national money
$175,600
New Mexico costs less than average
On that salary you would be around the 25th percentile for this work in New Mexico — roughly, since only five points along the band are published.
One filer, standard deduction, no dependants and nothing paid in before tax — the same household the rest of this page uses, so the comparison holds. City and school-district income taxes are not included.
Median here
$227,730
Kept after tax
$158,718
Worth in national money
$175,600
State rank
35
of 46 states
What this pays, and what it is worth
- Pay for psychiatrists is on the low side in New Mexico. The middle earner gets $227,730. That is 35 of 46 states, and about 19.21% under the national figure. Whether that matters depends on what things cost here.
- Within New Mexico this is well-paid work. Of 485 occupations with published figures in the state, psychiatrists ranks 3 — in the top quarter of everything people do there.
- Here is where New Mexico does better than its wage suggests. From a median of $227,730 you keep $158,718, and because things cost less here than the national average, that behaves like $175,600 would elsewhere. The average is higher, $238,260, because the best-paid pull it up.
- For psychiatrists, New Mexico sits in the lower band at $227,730, ranking 35 of 46 and trailing the national median by about 19.21%. Nominal rankings routinely invert once tax and regional price level are applied, so this position should not be read as the conclusion.
- Ranked against every occupation New Mexico publishes a median for, psychiatrists sits 3 of 485 — the upper quartile of the state's wage distribution. National standing and within-state standing are separate questions, and a job can occupy very different positions on each.
- After federal, FICA and New Mexico income tax, retained pay for psychiatrists on $227,730 is $158,718. Deflating by the state's price level — below the national average — gives $175,600 in national-average terms. ⚠️ That figure is purchasing power, not a wage, and nobody is paid it; it is what the take-home buys. The mean of $238,260 sits above the median, the right skew typical of wage data.
Compare this career across states
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Pay band: Psychiatrists
The state median for this job
| Lowest tenth earn under | $172,340 |
|---|---|
| Half earn under | $227,730 |
| Top tenth earn over | $388,100 |
| This salary | $227,730 |
Positions between the published tenth, quarter, half, three-quarter and ninetieth points are estimated by straight line.
The same pay, somewhere else
The state median for this job
| Take-home in New Mexico | $158,718 |
|---|---|
| Take-home in Texas | $168,562 |
| Once local prices are leveledBEA price parity | −$2,138 |
The raise and the real gain point in opposite directions here.
State income tax and state price levels only. No city income tax, and no housing market.
What you would need there
The state median for this job
| To match take-home only | $213,293 |
|---|---|
| Raise you would need | +$3,164 |
| Prices in Texas | 97 vs 90 |
State taxes and state price levels only. No city tax, and no housing market.
Sources and assumptions
- A median is the middle, not an offer. Half of psychiatrists in New Mexico earn under $227,730 and half over. The published range runs $172,340 at the tenth percentile to $388,100 at the ninetieth. Experience and employer move an individual a long way inside that.
- In New Mexico the take-home figure of $158,718, from $227,730, assumes one filer, no dependants, and nothing paid into a pension before tax. Each of those lowers the bill, so treat it as the plain case. City and school-district income taxes are not included either, and in a few states those are real money. It ranks 3 of 485 occupations here.
- The wage data and the price data come from different years. That is how each is published. The price adjustment behind $175,600 uses one figure for the whole of New Mexico. A city and a rural county there can differ by more than two states do. Out of 485 occupations the state publishes, this one sits at 3.
- Figures are distribution medians for psychiatrists in New Mexico, not entry or offer rates. The published band runs $172,340 to $388,100; within-state dispersion of that width routinely exceeds the dispersion between states, so tenure, employer and metropolitan area predict an individual's pay better than geography does.
- Take-home for New Mexico is computed for a single filer taking the standard deduction with no dependants and no pre-tax contributions, giving $158,718 from $227,730. Each omitted item reduces taxable income, so the figure is a lower bound on retained pay for this household shape. Municipal and school-district income taxes are excluded, which understates the burden materially in Ohio, Pennsylvania and Maryland. The occupation ranks 3 of 485 locally.
- Wage and price series carry different reference periods, each published on its own schedule. The real-terms figure of $175,600, worked from $227,730, deflates by a statewide parity that conceals substantial intra-state variation, concentrated in housing — so it supports comparison between states rather than the pricing of a move to a particular New Mexico address, on work sitting at 3 of 485 locally.
Questions people ask
Is this the average pay for the job?
No — it is the middle. Half of these workers earn more and half earn less. The average is $238,260, pulled upward by the top of the range, which is why the middle is the fairer number to plan against.
Why is the pay range for this job so wide?
Because one job title covers very different work. The bottom tenth here earn $172,340 and the top tenth $388,100 — experience, employer and specialism separate them, and a single figure hides all three.
What does this pay actually buy where I live?
A smaller wage in a cheaper place is not automatically less. Adjusted for local prices, this is worth $175,600.
Where does the difference between the wage and my paycheck go?
Four deductions, stacked. The federal layer and the two payroll taxes apply wherever you work; New Mexico then takes its own share, leaving $158,718.
Why is this job missing from some states?
A blank is a suppression, not a zero. 46 states have a published figure for this work; the others had too few responses to release one.
How does the published median differ from the mean for this occupation?
The median is the midpoint of the distribution; the mean for this occupation in New Mexico is $238,260. Wage distributions are right-skewed, so the mean exceeds the median wherever a minority earn substantially more. BLS publishes both because substituting one for the other misstates a typical worker's pay.
What drives the percentile dispersion in this occupation?
Dispersion between the tenth percentile ($172,340) and the ninetieth ($388,100) exceeds the family median dispersion. SOC codes aggregate roles differing in seniority, industry and specialisation, and BLS does not disaggregate below the detailed occupation level, so within-title variance is not separable from the published series.
What is this occupation's price-adjusted compensation in this state?
New Mexico's regional price parity is at or below the national average, so nominal wages understate purchasing power. Take-home deflated by the state price level is $175,600 in national-average terms. The adjustment uses an all-items index and does not isolate housing.
What accounts for the gap between gross wage and take-home here?
Take-home of $158,718 reflects federal income tax, OASDI, Medicare and New Mexico income tax for a single filer with no adjustments. The state layer is levied in addition to the federal one; only its rate and base differ between states.
Why does this occupation lack published estimates in every state?
BLS suppresses estimates failing disclosure or reliability criteria. This occupation has published state-level estimates in 46 of the fifty-one jurisdictions. Suppression reflects sample size and confidentiality rules, and cannot be read as an absence of employment.