Primary Care Physician Salary In New Mexico 2024
Learn everything you need to know about becoming a Primary Care Physician, including salary, schools, and programs.
Primary Care Physician Salary in New Mexico
Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.
Annual and Hourly Primary Care Physician New Mexico Salary Table:
| Percentile | Annual Salary | Hourly Wage |
|---|---|---|
| 10th | $112,580 | $54.13 |
| 25th | $120,000 | $57.69 |
| Median | $226,990 | $109.13 |
| 75th | $NaN | $NaN |
| 90th | $NaN | $NaN |
Best Schools to become a Primary Care Physician in New Mexico 2024
University of New Mexico-Main Campus
San Juan College
Browse Primary Care Physician Salaries by the Top Cities in New Mexico
Primary Care Physician Salary in New Mexico FAQs
What factors influence the salary of a General Practice Doctor in New Mexico?
The salary of a General Practice Doctor can be influenced by several factors, including:- Experience Level: Early-career physicians tend to earn less than those with several years of experience.
- Location: Salaries can vary significantly based on the region within New Mexico, with urban areas generally offering higher salaries than rural locations.
- Work Setting: General Practice Doctors working in hospitals may earn different salaries compared to those in private practice or group settings.
- Specialization: While General Practice encompasses a broad range of skills, additional certifications or specialties may lead to higher earnings.
- Demand for Services: Areas with a greater need for healthcare professionals may offer financial incentives to attract physicians.
How does the cost of living in New Mexico affect the salary of a General Practice Doctor?
The cost of living is an important consideration when evaluating salary figures. In New Mexico, the cost of living may be lower than the national average, which can make salary figures appear more favorable. When comparing salaries, it's essential to assess how far your earnings will go in covering housing, healthcare, transportation, and other living expenses in your specific location.Are there opportunities for salary advancement or bonuses for General Practice Doctors in New Mexico?
Yes, there are opportunities for salary advancement through various means. General Practice Doctors can enhance their earnings by:- Gaining Additional Certifications: Specializing in areas such as family medicine or geriatrics can lead to higher pay.
- Leadership Roles: Taking on administrative or clinical leadership positions within a healthcare organization may also lead to salary increases.
- Performance-Based Bonuses: Many employers offer bonuses based on performance metrics, patient satisfaction ratings, or meeting specific healthcare outcomes.
What benefits typically accompany a General Practice Doctor's salary in New Mexico?
In addition to salaries, General Practice Doctors often receive a comprehensive benefits package that may include:- Health Insurance: Coverage for medical, dental, and vision care.
- Retirement Plans: Options such as 401(k) or pension plans.
- Paid Time Off (PTO): Vacation, sick leave, and holidays.
- Continuing Medical Education (CME) Allowance: Financial support for attending conferences and furthering education.
- Malpractice Insurance: Coverage that protects against legal claims.
How does working in rural versus urban settings in New Mexico affect salary and job opportunities?
Generally, General Practice Doctors in rural settings may face challenges such as higher patient loads and fewer resources, but they may also benefit from higher salaries or signing bonuses to attract talent due to a shortage of healthcare providers. Urban areas tend to offer more job opportunities and possibly a broader range of specializations, although competition may be higher, which can affect salary levels.What is the job outlook for General Practice Doctors in New Mexico?
The job outlook for General Practice Doctors in New Mexico remains positive, primarily due to ongoing shortages in the healthcare workforce, especially in rural regions. The demand for primary care services is expected to grow as the population ages and requires more medical attention, leading to an increase in available positions.Can General Practice Doctors in New Mexico earn additional income, and if so, how?
Yes, there are various avenues for General Practice Doctors to earn additional income, including:- Telemedicine: Many physicians are leveraging telehealth platforms to provide services remotely, allowing for greater flexibility and additional revenue streams.
- Consulting: Experienced practitioners can offer consulting services to healthcare organizations, contributing their expertise.
- Part-Time Work: Some General Practice Doctors take on part-time roles or locum tenens positions to supplement their income.
What role do professional organizations play in influencing salary for General Practice Doctors in New Mexico?
Professional organizations, such as the New Mexico Medical Society, can play an essential role in advocating for fair compensation, providing resources for negotiation, and offering networking opportunities. Membership can help you stay informed about prevailing salary trends and assist in career development.