Family Medicine Physicians Salary
Family Medicine Physicians in New Mexico make a median of $228,040 a year, or about $109.64 an hour. The range runs from $65K at the entry level to $384K for experienced workers. Cost of living is below average (RPP 93.06), which stretches that salary to about $245,046 in buying power. Rent on a 2-bedroom averages $1,119/month, or 8.3% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across New Mexico. Jump to a metro for precise data:
So what does $228K get you in New Mexico?
About family medicine physicians
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What this looks like in New Mexico
Family medicine physicians pay in New Mexico tracks closely to the national median, $228K locally vs. $244K nationwide, a 7% difference. Housing is manageable: a 2-bedroom at the HUD median costs $1,119/month, 8.5% of take-home, well inside the 30% guideline. Regional Price Parity sits at 93.06 (national = 100), meaning everyday costs run about 7% cheaper here. Your dollar stretches further than the headline salary suggests. Use the affordability calculator above to model your specific situation.
Compensation breakdown
Annual earnings by percentile, New Mexico
Entry-level family medicine physicians (10th percentile) start around $65K. Mid-career wages sit at $228K. Top earners bring in $384K or more, a $320K spread from bottom to top.
Family Medicine Physicians salary by metro in New Mexico
3 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Santa Fe | $345K | +51% | 60 |
| Las Cruces | $228K | +0% | 100 |
| Albuquerque | $185K | -19% | 210 |
Compare to other states
Track family medicine physicians salary changes
BLS updates this data quarterly. We'll email you when New Mexico numbers change.
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Frequently asked questions
Can a family medicine physician afford a 2BR apartment alone in New Mexico?
Yes — at the median salary of $228K, rent takes 8.5% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,119/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for family medicine physicians in New Mexico?
The 10th-percentile wage — what new family medicine physicians typically earn — is $65K/year. Take-home on that works out to about $3,870/month. At HUD’s $1,119/month FMR, rent would take 29% of that take-home — manageable on an entry-level income.
Is family medicine physician a high-paying job in New Mexico?
Pay here is roughly in line with the national average — $228K locally vs. $244K nationally, a 7% difference.
How does New Mexico compare to the national average for family medicine physicians?
New Mexico pays $228K median vs. the U.S. average of $244K — that’s -7%. After adjusting for local cost of living (RPP 93.06), the purchasing-power equivalent is $245K — still ahead of the national median.
How much do family medicine physicians make in New Mexico?
The median is $228,040 a year, that works out to about $110 an hour. But the range is wide: entry-level workers start around $64,500, and experienced family medicine physicians can clear $384,310. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $228K enough to live in New Mexico?
On that salary, you'd take home roughly $13,176/month after taxes. A 2-bedroom here rents for about $1,119/month, which eats 8.5% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a family medicine physicians salary go in New Mexico?
New Mexico has a Regional Price Parity of 93.06 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median family medicine physicians salary is worth about $245,046 in national-average purchasing power.
Where do family medicine physicians get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.