Psychiatric Travel Nurse Salary in New Mexico
Calculate your take-home pay as a Psychiatric travel nurse in New Mexico. Psychiatric travel nurses care for patients with mental health conditions, requiring specialized training in behavioral health.
Last updated: February 21, 2026
Average Hourly Rate
$47/hr
Psychiatric in NM
Weekly Gross Pay
$1,877
Before taxes
Annual Potential
$97,594
Working full-time
Calculate Your Psychiatric Pay in New Mexico
Use our calculator to estimate your take-home pay as a Psychiatric travel nurse in New Mexico. Enter your contract details to see your true discretionary income after cost of living adjustments.
Travel Nurse Pay Breakdown
Estimate your take-home pay, taxes, and blended rate in seconds.
Same state assignment. You'll pay 5.9% state tax plus 24% federal tax.
Overtime (Optional)
Blended Hourly Rate
$76.53
Based on 36 hours in NM.
Gross Weekly Pay
$2,755
Taxable Weekly Income
$1,656
Estimated Weekly Taxes
$495
True Net Weekly Pay
$2,260
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Assignment Projections
13-Week Assignment
$29,378
Net Pay
26-Week Assignment
$58,756
Net Pay
Annual (52 weeks)
$117,513
Net Pay
Take Home vs Taxes
Take Home
$2,260
per week
Taxes
$495
per week
Total Gross: $2,755 per week
🏠 Housing Stipend Analysis
Your Weekly Housing Stipend
$686
≈ $2,970/month
Est. 1BR Rent in New Mexico
$900
Monthly average
✅ Potential Tax-Free Pocket Money
+$2,070
Your stipend covers rent with $2,070 left over each month.
Find apartments under $900/month in Albuquerque:
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Cost of Living Analysis in New Mexico
After rent, this is what you'll have left each month for other expenses
National average = 100. New Mexico's cost of living is lower than the national average by 11.6 points.
💡 Lower cost of living area. Your pay may go further here than in expensive cities.
Housing Cost: Low
Utilities: Low
Rent data based on 2025 market averages. Actual rent may vary by neighborhood and housing type.
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GSA Rates & Tax-Free Stipends in New Mexico
Psychiatric travel nurses in New Mexico receive the same tax-free stipend rates as other specialties. The specialty premium is reflected in your higher taxable hourly rate.
Lodging
$98/night
Meals & Incidentals
$64/day
Weekly Stipend Max
$1,134
Requirements for Psychiatric Travel Nurses in New Mexico
Psychiatric Certifications
- BLS
- 1+ years psych experience
- CPI preferred
New Mexico Licensing
Tax & Cost of Living in New Mexico
Tax Information
Cost of Living
Top Hospitals Hiring Psychiatric Nurses in New Mexico
- University of New Mexico Hospital
- Presbyterian Hospital
- Lovelace Medical Center
Related Resources
Frequently Asked Questions
How much do Psychiatric travel nurses make in New Mexico?
Psychiatric travel nurses in New Mexico typically earn between $42 and $59 per hour in taxable wages, with an average of $47/hr. This translates to approximately $1,877 per week or $97,594 annually. Psychiatric nurses often earn a premium due to specialized skills required.
What are the requirements to work as a Psychiatric travel nurse in New Mexico?
To work as a Psychiatric travel nurse in New Mexico, you typically need: BLS, 1+ years psych experience, CPI preferred. New Mexico is part of the Nurse Licensure Compact, so if you have a compact license, you can work here without additional state licensing.
What GSA rates apply for Psychiatric travel nurses in New Mexico?
The GSA per diem rates for New Mexico are: Lodging: $98/night, Meals: $59/day, and Incidentals: $5/day. These rates determine the maximum tax-free stipend amounts. Psychiatric travel nurses receive the same stipend rates as other specialties—the specialty premium is reflected in the higher taxable hourly rate.
Is New Mexico a good state for Psychiatric travel nurses?
New Mexico has higher taxes but often offers competitive rates for travel nurses. Psychiatric nursing has moderate demand in this state. The cost of living index is 88.4 (below national average).
Which cities in New Mexico have the best Psychiatric travel nurse jobs?
Popular cities for Psychiatric travel nurse assignments in New Mexico include: Albuquerque, Las Cruces, Santa Fe. Major hospitals like University of New Mexico Hospital and Presbyterian Hospital frequently hire Psychiatric travel nurses. Use our calculator to compare pay and cost of living across these cities.