Psychiatrist Salary in Roswell, NM
How much does a psychiatrist make in Roswell? Explore median, entry-level, and senior salaries adjusted for Roswell's cost of living.
Salary Breakdown by Experience Level
See how psychiatrist salaries break down across different pay periods in Roswell.
| Period | Entry Level | Median | Senior |
|---|---|---|---|
| Annual | $95,056 | $167,299 | $250,948 |
| Monthly | $7,921 | $13,942 | $20,912 |
| Biweekly | $3,656 | $6,435 | $9,652 |
| Weekly | $1,828 | $3,217 | $4,826 |
| Hourly | $46 | $80 | $121 |
Roswell vs National Average
How Roswell's psychiatrist salaries compare to national figures.
Cost of Living in Roswell
About Psychiatrist
Overview
Diagnose and treat mental health conditions and provide medication management.
Education
Medical degree plus psychiatry residency training
Key Skills
Growth Rate
Expected job growth: +17% over the next decade
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Psychiatrist Salary in Roswell, NM — Complete Guide
Median Salary Overview
The median salary for a psychiatrist in Roswell, NM is $167,299 per year, adjusted for the local cost of living index of 80. This figure reflects typical earnings for experienced professionals in this role, considering Roswell's unique economic conditions.
Salary Range and Experience Levels
Entry-level psychiatrist professionals in Roswell can expect to earn around $95,056 annually. As professionals gain experience, salaries typically increase, with senior-level psychiatrists earning approximately $250,948 per year. This represents a 164% increase from entry to senior level.
Cost of Living Adjustment
Roswell's cost of living index of 80 significantly impacts salary comparisons. As a lower cost-of-living city, salaries in Roswell are adjusted accordingly. This means that while the nominal salary may appear higher or lower than the national average of $237,640, the actual purchasing power must be considered in context.
Housing and Affordability
A significant portion of a psychiatrist's salary in Roswell typically goes toward housing. With a 1-bedroom apartment averaging $700 per month, housing represents about 5.0% of median salary. Financial experts generally recommend keeping housing expenses below 30% of gross income.
Career Growth and Opportunities
Psychiatrists are in growing demand across the United States, with an expected job growth of 17% over the next decade. In Roswell, this translates to increasing opportunities and potential for salary growth as demand for experienced professionals continues to rise.