Physician salary in New Mexico
Updated Updated for 2026 tax law
A physician in New Mexico earns a median of $327,670 a year ($157.53/hour equivalent), 23.2% above the national median of $265,930. New Mexico ranks #14 of 50 states. About 1,930 people do this job in New Mexico.
Take-home pay in New Mexico
At the New Mexico median, a single filer keeps about $216,771 a year after federal, FICA and New Mexico taxes — $8,337 every two weeks. Try your own numbers with the New Mexico paycheck calculator.
- Gross pay
- $12,602.69
- Federal income tax
- −$2,993.03
- Social Security (6.2%)
- −$439.96
- Medicare (1.45%)
- −$226.93
- New Mexico income tax
- −$605.41
- Take-home pay
- $8,337.36
Annual breakdown
- Gross
- $327,670
- Federal
- $77,819
- FICA
- $17,339
- State + local
- $15,741
- Net
- $216,771
- Marginal federal rate
- 35.0%
- Marginal state rate
- 5.9%
2026 federal brackets (Rev. Proc. 2025-32) and 2026 state rules. Estimates assume wages are your only income and use annual liability, so your actual withholding can differ slightly.
How New Mexico compares
| Rank | State | Median salary |
|---|---|---|
| #1 | North Dakota | $454,550 |
| #2 | Montana | $438,850 |
| #3 | Maine | $419,410 |
| #4 | Wisconsin | $391,740 |
| #5 | Minnesota | $367,320 |
| #14 | New Mexico | $327,670 |
| #48 | Arkansas | $136,880 |
| #49 | Illinois | $132,540 |
| #50 | District of Columbia | $77,430 |
See the national physician salary page for the full pay range and all states.
BLS occupation: Physicians, All Other (SOC 29-1229), May 2025, state estimates.
Frequently asked questions
How much does a physician make in New Mexico?
The median salary is $327,670 a year and the average is $318,330 (BLS May 2025).
Is New Mexico a good state for physicians?
New Mexico ranks #14 of 50 states for median pay in this job, 23% above the national median of $265,930.
What is $327,670 after taxes in New Mexico?
About $216,771 a year ($8,337 every two weeks) for a single filer in 2026.
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Estimates for information only — not tax, legal or financial advice.