Nurse Practitioner Salary in New Mexico and How to Increase your Pay

Nurse Practitioner Salary in New Mexico and How to Increase your Pay.
The cities that pay the highest salaries to nurse practitioners in New Mexico include North Valley, South Valley, and Los Alamos.

The average salary of nurse practitioners in New Mexico is $118,156 per year.

A nurse practitioner is a type of advanced practice registered nurse that manages acute and chronic illnesses, provides health promotion, disease prevention, and education.

Nurse practitioners are healthcare professionals who perform a variety of duties in the medical field due to their extensive training.

Nurse Practitioner Salary across Cities in New Mexico

Here is salary information for nurse practitioners across cities in New Mexico:

 CityHourly SalaryAnnual Salary
1.Albuquerque$87.24$117,434
2.Las Cruces$80.61$108,512
3.Rio Rancho$81.84$110,175
4.Santa Fe$88.36$118,947
5.Roswell$83.29$112,128
6.Farmington$80.81$108,784
7.South Valley$101$135,568
8.Clovis$80.12$107,855
9.Hobbs$82.63$111,235
10.Alamogordo$77.93$104,904
11.Carlsbad$86.96$117,066
12.Gallup$82.30$110,790
13.Sunland Park$75.49$101,625
14.Los Lunas$77.43$104,237
15.Deming$78.63$105,850
16.Chaparral$79.07$106,443
17.North Valley$104$139,807
18.Las Vegas$79.33$106,794
19.Los Alamos$96.63$130,077
20.Artesia$85.82$115,530
21.Portales$76.60$103,113
22.Lovington$81.34$109,495
23.Bernalillo$80.93$108,943
24.Española$79.56$107,096
25.Silver City$80.91$108,912
26.Anthony$73.22$98,566  
27.Grants$81.15$109,247
28.Corrales$80.46$108,306
29.Shiprock$93.33$125,631
30.Socorro$83.61$112,555  
Salaries of nurse practitioners across the cities of New Mexico

10 Highest Paying Cities for Nurse Practitioners in New Mexico

Salary information for nurse practitioners in top 10 paying cities in New Mexico:

 CityHourly SalaryAnnual Salary
1.North Valley$104$139,807
2.South Valley$101$135,568
3.Los Alamos$96.63$130,077
4.Shiprock$93.33$125,631
5.Santa Fe$88.36$118,947
6.Albuquerque$87.24$117,434
7.Carlsbad$86.96$117,066
8.Artesia$85.82$115,530
9.Socorro$83.61$112,555
10.Roswell$83.29$112,128
Cities that pay the highest salaries to nurse practitioners in New Mexico

Nurse Practitioners Salary Based on Skills in New Mexico

A nurse practitioner with apt skills and certifications in New Mexico will earn more pay than their team mates that lacked them. Some of these skills include:

  1. Computer Skills
  2. IV Therapy
  3. Medical Coding and Billing
  4. Medical Transcription
  5. Healthcare Information Systems and Management.

Nurse Practitioners Salary Based on Experience in New Mexico

Experience of a nurse practitioner in New Mexico will determine salary level based on the number of years.

An entry level nurse practitioner with less than one year experience in New Mexico will make around $103,933 while one with 10 years of experience or more will be paid around $128,990.

10 Highest Paying Companies for Nurse Practitioners in New Mexico

Salary information for nurse practitioners in top 10 paying companies in New Mexico:

 CompanyHourly SalaryAnnual Salary
1.Woundtech$882$1,187,234
2.MEDXM$445$599,442
3.Signify Health$356$479,554
4.INNOVATIVE HEALTH$215$289,930
5.UCLA Health$134$180,406
6.Molina Healthcare$114$153,899
7.NewYork-Presbyterian Hospital$112$150,756
8.Northwell Health$111$148,801
9.Dignity Health$109$147,008
10.Wound Care Plus$109$146,965
Companies that pay the highest salaries to nurse practitioners in New Mexico

10 Highest Paying Nurse Practitioner Jobs in New Mexico

Here is a list of the highest paying nurse practitioners jobs in New Mexico:

  1. PM&R Nurse Practitioner; $134,177.
  2. Nurse Practitioner Anesthesiology; $127,198.
  3. Home Assessment Nurse Practitioner; $116,087.
  4. General Practitioner Physician; $115,184.
  5. Nurse Practitioner Consultant; $114,587.
  6. Acute Care Nurse Practitioner; $111,401.
  7. Neonatal Nurse Practitioner; $122,338.
  8. Family Nurse Practitioner; $109178.
  9. Aesthetic Nurse Practitioner; $99,007.
  10. Surgical Nurse Practitioner; $98,338.

More Benefits for Nurse Practitioners in New Mexico

Here are additional benefits employers offer nurse practitioners in New Mexico, including:

  • Partial/full paid medical and dental insurance

The benefits package offers the nurse practitioners a medical and dental insurance. The medical insurance includes basic, major medical and hospitalization coverage.

  • Work-life balance policies

Employers in New Mexico know the value of their nurse practitioners and offer a flexible work schedule.

This helps the nurses to balance their professional and personal lives without sacrificing the quality of their work.

  • 401K, stock options, performance bonus programs

Organizations in New Mexico incentivize their nurse practitioners with 401k and performance bonus programs.

The salary increase or pay scale is determined by a certain percentage yet to be calculated.

  • Paid Time Off (PTO)

Organizations in New Mexico offer flexible PTO schedule to nurse practitioners. The amount of PTO is determined by the organization and not the individual nurse practitioner.

  • Healthcare Reimbursement

Companies in New Mexico reimburse their nurse practitioners up to $100,000 per employee.

This is based on a percentage of their salary that can be paid from it.

What Related Job Titles to Nurse Practitioners Earn in New Mexico

Here are job titles related to that of nurse practitioner and the salary they earn in New Mexico:

  1. Physician Assistant; $121,780.
  2. Registered Nurse; $82,513.
  3. Chiropractor; $143,856.
  4. Toxicologist; $69669.
  5. Occupational Therapist; $88046.

Nurse Practitioners Job and Salary Outlook in New Mexico

New Mexico is towards the bottom in the country in terms of overall nurse practitioner population.

They have 1,050 employed nurse practitioners in 2018, and it is expected that they would have 1,340 by 2028. That equates to a 27.62 percent increase.

There are several reasons why nurse practitioners are in high demand in New Mexico.

Only six counties in the whole state satisfy the required number of primary care providers, implying that many rural communities in the state have inadequate access to healthcare.

Furthermore, New Mexico has a fast rising patient population that requires healthcare providers.

How to Increase your Pay as a Nurse Practitioner in New Mexico

If you are a nurse practitioner in New Mexico, here are few things that you can do to increase your pay:

  1. Go for in-demand skills

Your salary is based on your skills, certification, and experience. Focus on acquiring the necessary skills to increase your salary.

2. Change location

New Mexico has a great demand of nurse practitioners. If you are highly talented and qualified, you can head to nearby cities like Albuquerque that have better pay rates than rural areas in New Mexico.

3. Acquire new certifications and licenses

For most types of nurse practitioner jobs, a certification or licensure is necessary. Most employers do not pay experienced or degreed professionals, but they readily hire the ones with formal accreditation in the field.

4. Negotiate your way to better pay and other perks

Employers value your talent and skills, so you can negotiate for better benefits like flexible work hours, higher salary and bonuses.

Some employers even offer stock options when you perform well and are in high demand by other organizations.

More Career Opportunities for Nurse Practitioners in New Mexico

There are different ideas you can explore to advance your career opportunities as a nurse practitioner in New Mexico. These include:

  1. Work as a Consultant to Businesses

If you are a master or specialist level nurse practitioner, you can work for pharmaceutical and medical companies to assess the health of their employees.

2. Work in Teaching Hospitals or Clinics

You can also teach or train other nurses or medical practitioners, especially those who are new to the field and need additional training.

You can get paid a fee for conducting workshops and seminars about your profession.

3. Work as a specialized nurse practitioner

There are many subspecialties within each branch of nursing whether it be surgery, pediatrics, or cardiology.

These fields have job opportunities and will give you more recognition and pay.

4. Work as a Nurse Practitioner for private practice

You can work for private hospitals, clinics or healthcare centers as well. Some private organizations usually offer better pay and benefits.

Conclusion

You can have a successful and rewarding career as a nurse practitioner in New Mexico.

As the medical industry expands with its growing patient population, it is expected that there are more job opportunities for skilled nurse practitioners in New Mexico.

This post has provided detailed information on the nurse practitioner salary in New Mexico, to help nurse practitioners make the best decision about living and working in New Mexico.

Information Sources: pharmacytechnicianguide.com, indeed.com, bls.gov, glassdoor.com, beckershospitalreview.com, pharmapproach.com, salary.com, payscale.com, and  nursingprocess.org.