verified BLS-Verified Source: U.S. Bureau of Labor Statistics (BLS) May 2025 release

Psychologist Salary in New Mexico

Median Annual in New Mexico
$124,800/yr
Median Hourly Wage
$60.00/hr
▲ 24% above U.S. median

Salary Distribution in New Mexico

groups Employed in NM
public U.S. Median
$100,580
savings Real pay (cost-adjusted)
$135,340 #1 of 48

Psychologist pay in New Mexico, explained

Psychologists in New Mexico earn a median of $124,800 per year ($60.00 per hour), which is 24% above the national median of $100,580. Entry-level workers earn around $54,080, while the most experienced psychologists reach about $169,520. Pay varies by employer, setting, and metro area within New Mexico.

Is $124,800 good pay in New Mexico?

Adjusted for New Mexico's cost of living (which runs 92% of the U.S. average), that $124,800 is worth about $135,340 in national buying power — ranking New Mexico #1 for real pay (vs #3 on the sticker number).

See the full Psychologist Real Pay Index arrow_forward

Psychologist pay by experience in New Mexico

Entry level (10th pct)
$54,080
$26.00/hr
Median
Mid-career (50th pct)
$124,800
$60.00/hr
Experienced (90th pct)
$169,520
$81.50/hr

Psychologist pay in neighboring states

StateMedian / yrReal payvs NM
New Mexico (here) $124,800 $135,340
Arizona $119,010 $118,210 +$5,790
Colorado $113,290 $109,935 +$11,510
Utah $99,170 $100,310 +$25,630
Texas $83,660 $86,197 +$41,140
Oklahoma $79,950 $91,015 +$44,850

Psychologist in New Mexico: FAQ

How much do psychologists make in New Mexico?

Psychologists in New Mexico earn a median of $124,800 per year ($60.00 per hour), compared with $100,580 nationally.

Does New Mexico pay psychologists well?

At $124,800, New Mexico pays 24% above the national median for psychologists.

Psychologist salary in other states

All 48 states ranked arrow_forward

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