Average Aerospace Engineers Salary in Albuquerque, NM
Aerospace Engineers in Albuquerque, New Mexico, command an impressive average annual salary of $144,280, slightly surpassing the national average of $141,460. This competitive compensation reflects the specialized skills and the strategic importance of the aerospace sector within the region, likely influenced by local industry demands and the presence of key organizations.
Executive Summary
- Average Salary: $144,280 per year.
- Growth Trend: Salaries have shifted 20.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $188,420.
- Outlook: Albuquerque's aerospace engineering job market demonstrates a notable concentration, with a Location Quotient of 1.78 indicating a significantly higher presence of these professionals compared to the national average. With 0.79 jobs per 1,000 workers and a local workforce of 320 Aerospace Engineers, the demand appears robust and well-established within the city's economic landscape.
Salary Overview
The average Aerospace Engineers in Albuquerque, NM earns+2.0%above the national average.
$69.4
$2,775
$12,023
Aerospace Engineers Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Aerospace Engineers in Albuquerque have seen consistent growth over the past four years, mirroring national trends. Factors such as inflation, technological advancements in the aerospace industry, and increasing demand for specialized engineering talent likely contribute to this upward salary trajectory.
Aerospace Engineers Salary Distribution in Albuquerque, NM
The salary spectrum for Aerospace Engineers in Albuquerque widens considerably with experience. Entry-level positions typically start at the lower end of the pay scale, while senior engineers with extensive expertise and leadership responsibilities can command salaries significantly above the average. These percentile gaps are crucial indicators of career progression and the increasing value placed on seasoned professionals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $95,300 | $45.8 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $108,210 | $52 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $139,610 | $67.1 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $180,350 | $86.7 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $188,420 | $90.6 |
Detailed Aerospace Engineers Market Analysis
Relocation Context
Nominal Salary
$144,280
Gross Pay
Real Wage (Purchasing Power)
$144,280
Adjusted for COL (100)
An average annual salary of $144,280 in Albuquerque, NM, offers excellent purchasing power, as the local Cost of Living Index is exactly at the national average of 100. This means that the nominal salary translates directly to the national average in terms of real value, allowing engineers to maintain a comparable standard of living to their counterparts across the country.
Job Market Context
320
Total Jobs
0.79
Per 1K Jobs
1.78
Location Quotient
Albuquerque, NM has 1.8x the national concentration of Aerospace Engineers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
The Location Quotient of 1.78 for Aerospace Engineers in Albuquerque signifies a strong regional specialization. This indicates that the job market is more concentrated with these professionals than the national average, suggesting a potentially competitive environment for job seekers but also a rich ecosystem of expertise and opportunity for those already established in the field.
Nearby Job Markets
Nearby Cities for Aerospace Engineers
| City | Salary | Dist. |
|---|---|---|
| Eastern New Mexico nonmetropolitan area Aerospace Engineers Salary | $103,420↓ 28% | 29 mi |
Comparing salaries near Albuquerque, NM
Hiring Aerospace Engineerss?
Frequently Asked Questions
How much does a Aerospace Engineers make in Albuquerque, NM?
The median annual salary for a Aerospace Engineers in Albuquerque, NM is $144,280. This typically ranges from $95,300 for entry-level positions to $188,420 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albuquerque, NM is 2.0% higher than the national median of $141,460.
Is Albuquerque, NM a lucrative place for Aerospace Engineers?
Yes, Albuquerque, NM is a lucrative place for Aerospace Engineers.Aerospace Engineers in Albuquerque earn an average of $144,280 annually, exceeding the national average, while maintaining a cost of living that matches the national benchmark.
Is Albuquerque, NM a good place to live for Aerospace Engineers?
The Cost of Living Index in Albuquerque, NM is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albuquerque, NM?
Some top paying nearby cities include Eastern New Mexico nonmetropolitan area ($103,420) and others.
How does the number of Aerospace Engineers in Albuquerque compare nationally?
With a local workforce of 320 Aerospace Engineers and a Location Quotient of 1.78, Albuquerque has a significantly higher concentration of these professionals than the national average.
What is the impact of the Cost of Living Index on an Aerospace Engineer's salary in Albuquerque?
The Cost of Living Index in Albuquerque is 100, matching the national average. This means the $144,280 average salary provides purchasing power equivalent to the national average, making it a stable financial environment.
Are there many job opportunities for Aerospace Engineers in Albuquerque?
The metric of 0.79 jobs per 1,000 workers, combined with a high Location Quotient, suggests a healthy and concentrated demand for Aerospace Engineers in Albuquerque's job market.
How does experience affect an Aerospace Engineer's salary in Albuquerque?
Experience significantly impacts salary, with entry-level positions earning less than senior roles. The salary range reflects clear career progression and increasing compensation for specialized skills and expertise.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 320 employees in the Albuquerque, NM area with a job density of 0.79 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Aerospace Engineers • Data source: BLS OEWS 2024 •Jobs in Albuquerque, NM