Average Aerospace Engineers Salary in New Mexico
Aerospace Engineers in New Mexico earn an impressive average annual salary of $141,350, a figure that closely mirrors the national average of $141,460. This slight parity suggests that while the national landscape influences compensation, specific regional factors within New Mexico, such as its robust defense and space industry presence, contribute to maintaining competitive pay scales for these highly skilled professionals.
Executive Summary
- Average Salary: $141,350 per year.
- Growth Trend: Salaries have shifted 25.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $178,300.
- Outlook: New Mexico boasts a significant concentration of Aerospace Engineers, with a local workforce of 1,940 professionals. The Location Quotient of 5.07 indicates a demand for these roles that is more than five times the national average, signaling a robust and specialized job market within the state. This high concentration suggests a strong industry presence and ongoing need for aerospace expertise.
Salary Overview
The average Aerospace Engineers in New Mexico earns-0.1%below the national average.
$68
$2,718
$11,779
Aerospace Engineers Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that the salary trajectory for Aerospace Engineers in New Mexico has followed national trends over the past four years, likely experiencing steady growth. This growth is typically driven by advancements in aerospace technology, increased demand from government and private sectors, and the persistent need for specialized engineering talent, all of which contribute to upward pressure on compensation.
Aerospace Engineers Salary Distribution in New Mexico
The career progression for Aerospace Engineers in New Mexico offers substantial financial rewards. Entry-level positions typically start at the lower end of the salary spectrum, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries, often reaching into the upper percentiles. The widening gap between entry-level and senior roles reflects the increasing value placed on expertise, leadership, and complex problem-solving capabilities within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Junior / AssociateEntry level. Focus on learning core skills & codebase. | 10% (Entry) | $108,370 | $52.1 |
| Engineer IProficient contributor. Handles tasks independently. | 25% (Junior) | $106,013 | $51 |
| Senior EngineerSystem design, complex problem solving, mentoring. | 50% (Median) | $139,770 | $67.2 |
| Lead / StaffTechnical strategy, architecture, cross-team impact. | 75% (Senior) | $176,688 | $84.9 |
| Principal / ArchitectIndustry expert. Driving technical vision & innovation. | 90% (Expert) | $178,300 | $85.7 |
Detailed Aerospace Engineers Market Analysis
Relocation Context
Nominal Salary
$141,350
Gross Pay
Real Wage (Purchasing Power)
$157,757
Adjusted for COL (89.6)
An average annual salary of $141,350 in New Mexico presents a favorable financial situation when considering the local cost of living. With a Cost of Living Index of 89.6, which is below the national average of 100, your nominal earnings translate into greater purchasing power. This means that the salary earned by Aerospace Engineers in New Mexico can support a higher standard of living compared to many other regions in the country.
Job Market Context
1,940
Total Jobs
2.251
Per 1K Jobs
5.07
Location Quotient
New Mexico has 5.1x 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 5.07 for Aerospace Engineers in New Mexico is exceptionally high, indicating a pronounced concentration of this profession relative to the national average. This suggests that New Mexico is a key hub for aerospace activities, making the job market highly specialized and potentially competitive for new entrants but very rewarding for established professionals. The abundance of roles relative to the national distribution points to significant industry investment and opportunity within the state.
Nearby Job Markets
Nearby Cities for Aerospace Engineers
| City | Salary | Dist. |
|---|---|---|
| Albuquerque, NM Aerospace Engineers Salary | $144,280↑ 2% | 29 mi |
Comparing salaries near New Mexico
Hiring Aerospace Engineerss?
Frequently Asked Questions
How much does a Aerospace Engineers make in New Mexico?
The median annual salary for a Aerospace Engineers in New Mexico is $141,350. This typically ranges from $108,370 for entry-level positions to $178,300 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New Mexico is 0.1% lower than the national median of $141,460.
Is New Mexico a lucrative place for Aerospace Engineers?
Yes, New Mexico is a lucrative state for Aerospace Engineers.The average salary of $141,350 is on par with the national average, and the significantly lower cost of living index of 89.6 means your earnings have greater purchasing power.
Is New Mexico a good place to live for Aerospace Engineers?
With a Cost of Living Index of 89.6 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near New Mexico?
Some top paying nearby cities include Albuquerque, NM ($144,280) and others.
How does the number of Aerospace Engineers in New Mexico compare nationally?
With 1,940 Aerospace Engineers, New Mexico has a workforce concentration (Location Quotient) 5.07 times the national average, indicating a significant presence in the state.
What does the Cost of Living Index of 89.6 mean for an Aerospace Engineer in New Mexico?
A Cost of Living Index of 89.6 means that living expenses in New Mexico are approximately 10.4% lower than the national average, making the $141,350 salary go further.
Are there many job opportunities for Aerospace Engineers in New Mexico?
Yes, the high Location Quotient of 5.07 suggests a strong demand and concentration of Aerospace Engineering roles, indicating a robust job market within the state.
How does experience affect an Aerospace Engineer's salary in New Mexico?
Experience significantly impacts salary, with entry-level engineers earning less and senior engineers commanding higher pay, reflecting a clear career progression path and increasing value with expertise.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,940 employees in the New Mexico area with a job density of 2.251 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 New Mexico