Average All Occupations Salary in Albuquerque, NM
In Albuquerque, NM, the average annual salary for All Occupations stands at $62,750. This figure is slightly below the national average of $67,140, reflecting a localized compensation structure influenced by regional economic factors and industry demand within the state. While the nominal salary may differ, the cost of living plays a crucial role in understanding the true purchasing power of this income.
Executive Summary
- Average Salary: $62,750 per year.
- Growth Trend: Salaries have shifted 21.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $111,300.
- Outlook: Albuquerque boasts a substantial workforce of 401,280 individuals, indicating a significant labor market. The location quotient of 1 for All Occupations suggests that the concentration of these roles in Albuquerque is precisely in line with the national average. This implies a stable and balanced demand for these positions, neither exceptionally high nor low, within the city's employment landscape.
Salary Overview
The average All Occupations in Albuquerque, NM earns-6.5%below the national average.
$30.2
$1,207
$5,229
All Occupations Salary Trends (2020-2024)
While specific historical data for All Occupations in Albuquerque over the past four years is not provided, it's reasonable to assume a general trend of salary growth mirroring national patterns. Economic shifts, inflation, and evolving job market demands typically contribute to incremental increases in average salaries over time, suggesting that compensation for these roles has likely seen moderate appreciation.
All Occupations Salary Distribution in Albuquerque, NM
Salary progression for All Occupations in Albuquerque, as in most markets, is significantly influenced by experience. Entry-level positions typically command salaries at the lower end of the spectrum, while senior roles with extensive experience and specialized skills can earn considerably more. The widening gap between the 25th and 75th percentiles of salaries clearly signifies the substantial career advancement and earning potential available through accumulating expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $28,700 | $13.8 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $47,063 | $22.6 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $46,940 | $22.6 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $78,438 | $37.7 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $111,300 | $53.5 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$62,750
Gross Pay
Real Wage (Purchasing Power)
$62,750
Adjusted for COL (100)
The average annual salary of $62,750 in Albuquerque aligns perfectly with the local cost of living index of 100, which is the national average. This means that, on average, the purchasing power of an Albuquerque resident's salary is equivalent to that of the typical American. While the nominal salary is slightly lower than the national average, the balanced cost of living ensures that the real value of earnings remains competitive.
Job Market Context
401,280
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Albuquerque, NM has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.
With a location quotient of 1 for All Occupations, Albuquerque's job market for these roles is neither over-saturated nor significantly undersupplied compared to the national benchmark. This indicates a healthy equilibrium where job opportunities are generally available and the workforce is adequately sized to meet demand. Professionals in these fields can expect a competitive but stable employment environment.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| Eastern New Mexico nonmetropolitan area All Occupations Salary | $54,440↓ 13% | 29 mi |
| Northern New Mexico nonmetropolitan area All Occupations Salary | $67,240↑ 7% | 29 mi |
| Santa Fe, NM All Occupations Salary | $60,410↓ 4% | 54 mi |
Comparing salaries near Albuquerque, NM
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Albuquerque, NM?
The median annual salary for a All Occupations in Albuquerque, NM is $62,750. This typically ranges from $28,700 for entry-level positions to $111,300 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albuquerque, NM is 6.5% lower than the national median of $67,140.
Is Albuquerque, NM a lucrative place for All Occupationss?
Moderately. The average salary aligns with the national cost of living.While the average salary of $62,750 is slightly below the national average, Albuquerque's cost of living index of 100 means your earnings have average purchasing power.
Is Albuquerque, NM a good place to live for All Occupations?
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 ($54,440) and Northern New Mexico nonmetropolitan area.
How does Albuquerque's average salary compare to the national average?
The average annual salary for All Occupations in Albuquerque is $62,750, which is slightly lower than the national average of $67,140.
What is the cost of living in Albuquerque, NM?
Albuquerque's cost of living index is 100, which is exactly the national average, indicating that the general cost of goods and services is comparable to the rest of the country.
How many people work in All Occupations in Albuquerque?
There are approximately 401,280 individuals employed in All Occupations within the Albuquerque metropolitan area.
Is there high demand for All Occupations in Albuquerque?
The location quotient of 1 suggests that the concentration of All Occupations jobs in Albuquerque is in line with the national average, indicating a stable and balanced demand.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 401,280 employees in the Albuquerque, NM area with a job density of 1000 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for All Occupations • Data source: BLS OEWS 2024 •Jobs in Albuquerque, NM