Average All Occupations Salary in Eastern New Mexico nonmetropolitan area
In the Eastern New Mexico nonmetropolitan area, the average annual salary for All Occupations stands at $54,440. This figure is notably below the national average of $67,140, reflecting the unique economic landscape and potentially lower demand for certain roles in this region. Factors such as industry concentration and the specific needs of a nonmetropolitan workforce often contribute to these localized pay scales.
Executive Summary
- Average Salary: $54,440 per year.
- Growth Trend: Salaries have shifted 20.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $95,590.
- Outlook: With a substantial local workforce of 163,560 individuals, the Eastern New Mexico nonmetropolitan area presents a significant labor market. The Location Quotient of 1.0 indicates that the concentration of All Occupations in this region is precisely at the national average, suggesting a stable and balanced demand relative to the country as a whole. This implies a consistent, albeit not rapidly expanding, job market for these roles.
Salary Overview
The average All Occupations in Eastern New Mexico nonmetropolitan area earns-18.9%below the national average.
$26.2
$1,047
$4,537
All Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for All Occupations in Eastern New Mexico have experienced gradual growth over the past four years, mirroring general economic trends. This growth is likely driven by inflation, evolving skill requirements, and the overall economic development within the region, ensuring that compensation keeps pace with the cost of living and labor market dynamics.
All Occupations Salary Distribution in Eastern New Mexico nonmetropolitan area
Salary progression in Eastern New Mexico for All Occupations typically scales with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with specialized skills and extensive experience can command significantly higher salaries. The percentile gaps between entry-level, mid-career, and senior roles clearly signify opportunities for career advancement and increased earning potential within the region.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $27,330 | $13.1 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $40,830 | $19.6 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $43,870 | $21.1 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $68,050 | $32.7 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $95,590 | $46 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$54,440
Gross Pay
Real Wage (Purchasing Power)
$54,440
Adjusted for COL (100)
The nominal average annual salary of $54,440 in Eastern New Mexico 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 the salary in this region is equivalent to the national average. While the salary is lower than the national average, the cost of living being at par suggests that the real value of the income is maintained locally.
Job Market Context
163,560
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Eastern New Mexico nonmetropolitan area has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.
A Location Quotient of 1.0 for All Occupations in Eastern New Mexico signifies that the industry's presence and employment levels are directly in line with the national average. This suggests a well-established market without significant over- or under-representation of these roles. Consequently, the job market is neither exceptionally competitive nor particularly abundant, indicating a steady state of demand and supply for these positions.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| Albuquerque, NM All Occupations Salary | $62,750↑ 15% | 29 mi |
| Santa Fe, NM All Occupations Salary | $60,410↑ 11% | 59 mi |
Comparing salaries near Eastern New Mexico nonmetropolitan area
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Eastern New Mexico nonmetropolitan area?
The median annual salary for a All Occupations in Eastern New Mexico nonmetropolitan area is $54,440. This typically ranges from $27,330 for entry-level positions to $95,590 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Eastern New Mexico nonmetropolitan area is 18.9% lower than the national median of $67,140.
Is Eastern New Mexico nonmetropolitan area a lucrative place for All Occupationss?
No, not exceptionally lucrative compared to national averages.The average salary of $54,440 is significantly lower than the national average of $67,140. However, the cost of living is also at the national average, meaning the real value of the salary is maintained locally.
Is Eastern New Mexico nonmetropolitan area a good place to live for All Occupations?
The Cost of Living Index in Eastern New Mexico nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Eastern New Mexico nonmetropolitan area?
Some top paying nearby cities include Albuquerque, NM ($62,750) and Santa Fe, NM.
How does the Eastern New Mexico salary compare to the national average?
The average annual salary for All Occupations in Eastern New Mexico is $54,440, which is considerably less than the national average of $67,140.
What is the size of the workforce in Eastern New Mexico?
The total local workforce in the Eastern New Mexico nonmetropolitan area comprises 163,560 individuals.
What does a Location Quotient of 1 mean for All Occupations in this area?
A Location Quotient of 1 indicates that the concentration of All Occupations in Eastern New Mexico is exactly at the national average, suggesting a balanced job market.
How does the cost of living affect the salary in Eastern New Mexico?
With a Cost of Living Index of 100, the nominal salary of $54,440 has the same purchasing power as the national average, despite being lower than the national salary figure.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 163,560 employees in the Eastern New Mexico nonmetropolitan area 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 Eastern New Mexico nonmetropolitan area