Salary Report for New Mexico Forensic Psychologists
New Mexico Rankings
Compare New Mexico to U.S.
New Mexico Forensic Psychologists earn an average of $87,820 which is 10% less than the national average salary of $98,010.
| Type | New Mexico | U.S. | % Difference |
|---|---|---|---|
| Average Hourly Wage | $42.22 | $47.12 | -10.40% |
| Average Annual Salary | $87,820 | $98,010 | -10.40% |
Salary Range by Education and Experience
In New Mexico, 50% of Forensic Psychologists earn between $46,430 and $114,360 a year, depending on factors such as level of education, experience, location and place of employment.
About 10% of Forensic Psychologists earn more than $120,540, a rate generally associated with highly educated and experienced Forensic Psychologists.
Approximately 10% of Forensic Psychologists earn under $26,350, a rate generally reserved for less experienced or entry level Forensic Psychologists.
| Percent | Experience | Employed | Annual Salary |
|---|---|---|---|
| 10% | Less than a Year | 7 | Under $26,350 |
| 15% | 2 – 4 years | 10 | $26,350 – $46,430 |
| 25% | 5 – 9 years | 18 | $46,430 – $101,980 |
| 25% | 10 – 14 years | 18 | $101,980 – $114,360 |
| 15% | 15 – 20 years | 10 | $101,980 – $120,540 |
| 10% | 20+ years | 7 | Above $120,540 |
Adjusted for Cost-of-Living
After being adjusted for cost-of-living, Forensic Psychologists in New Mexico psychologists earn about $95,905 per year which is less than the average U.S. psychologist of $98,010.
Cost-of-living in New Mexico is 8% less than the national average, which means New Mexico residents have an overall less cost for food, housing, utilities and transportation compared to other states.
More cost-of-living reports for U.S. States.
Salary Compared to Related Professions
With an average annual salary of $87,820, New Mexico Forensic Psychologists tend to earn less than Clinical and Counseling Psychologists ($110,410).
However, Forensic Psychologists tend to earn more than Social Workers ($46,870), Marriage and Family Therapists ($56,070), Health Care Social Workers ($60,320), Substance Abuse Counselors ($60,720), School Psychologists ($77,730), and Psychology Teachers ($80,730).
| Title | Annual Salary |
|---|---|
| Clinical and Counseling Psychologists | $110,410 |
| Forensic Psychologists | $87,820 |
| Psychology Teachers | $80,730 |
| School Psychologists | $77,730 |
| Substance Abuse Counselors | $60,720 |
| Health Care Social Workers | $60,320 |
| Marriage and Family Therapists | $56,070 |
| Social Workers | $46,870 |
Projected Demand for Psychologists in 2030
The U.S. Department of Labor projects that in New Mexico the three professions needing the most new psychologists by 2030 are Social Workers (2,180), Substance Abuse Counselors (1,840) and Health Care Social Workers (1,460).
The three professions in New Mexico needing highest percentage new psychologists by 2030 are Substance Abuse Counselors (18.7%), Psychology Teachers (14.3%) and Marriage and Family Therapists (12.5%).
| Title | 2020 | 2030 | Change | Yearly Openings |
|---|---|---|---|---|
| Social Workers | 1,990 | 2,180 | 9.5% | 210 |
| Substance Abuse Counselors | 1,550 | 1,840 | 18.7% | 190 |
| Health Care Social Workers | 1,300 | 1,460 | 12.3% | 140 |
| Marriage and Family Therapists | 240 | 270 | 12.5% | 30 |
| Forensic Psychologists | 230 | 230 | 0% | 20 |
| Psychology Teachers | 70 | 80 | 14.3% | 10 |
Salary FAQ for New Mexico Forensic Psychologists
Official Data Sources for Forensic Psychologists: Salary Data | Projected Employment | Cost of Living Data