Average All Occupations Salary in Northern New Mexico nonmetropolitan area
The average annual salary for All Occupations in the Northern New Mexico nonmetropolitan area stands at $67,240, a figure remarkably aligned with the national average of $67,140. This parity suggests that the unique economic drivers and labor market dynamics within this region effectively balance out factors that might otherwise create significant pay differentials compared to the rest of the country.
Executive Summary
- Average Salary: $67,240 per year.
- Growth Trend: Salaries have shifted 25.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $138,920.
- Outlook: With a substantial local workforce of 82,880 individuals, the Northern New Mexico nonmetropolitan area demonstrates a significant labor pool. The Location Quotient of 1.0 indicates that the concentration of All Occupations within this region is precisely at the national average, suggesting a stable and balanced demand for these roles relative to their national prevalence.
Salary Overview
The average All Occupations in Northern New Mexico nonmetropolitan area earns+0.1%above the national average.
$32.3
$1,293
$5,603
All Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that salaries for All Occupations in Northern New Mexico have experienced steady growth over the past four years, mirroring national trends. Economic development and inflation typically drive incremental increases in compensation, ensuring that wages keep pace with the evolving cost of living and labor market demands.
All Occupations Salary Distribution in Northern New Mexico nonmetropolitan area
Within the All Occupations category, salary progression typically scales with experience. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with specialized skills and a proven track record can command significantly higher salaries. The percentile gaps in compensation clearly signify opportunities for career advancement and increased earning potential as one moves from junior to senior roles.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $27,560 | $13.3 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $50,430 | $24.2 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $47,460 | $22.8 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $84,050 | $40.4 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $138,920 | $66.8 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$67,240
Gross Pay
Real Wage (Purchasing Power)
$67,240
Adjusted for COL (100)
The nominal average annual salary of $67,240 in Northern New Mexico aligns perfectly with a Cost of Living Index of 100, which represents the national average. This means that the purchasing power of the average salary in this region is equivalent to the national average, indicating a balanced economic environment where wages effectively cover the cost of living without a significant premium or deficit.
Job Market Context
82,880
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Northern 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 Northern New Mexico signifies that the employment concentration for these roles is exactly in line with the national average. This suggests a competitive yet stable job market, where the availability of positions is neither exceptionally abundant nor scarce relative to the national landscape, indicating a balanced supply and demand.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| Albuquerque, NM All Occupations Salary | $62,750↓ 7% | 29 mi |
| Santa Fe, NM All Occupations Salary | $60,410↓ 10% | 59 mi |
Comparing salaries near Northern New Mexico nonmetropolitan area
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Northern New Mexico nonmetropolitan area?
The median annual salary for a All Occupations in Northern New Mexico nonmetropolitan area is $67,240. This typically ranges from $27,560 for entry-level positions to $138,920 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northern New Mexico nonmetropolitan area is 0.1% higher than the national median of $67,140.
Is Northern New Mexico nonmetropolitan area a lucrative place for All Occupationss?
Yes, it offers comparable earnings to the national average.The average salary of $67,240 is on par with the national average, and the cost of living is also at the national average, indicating a balanced financial landscape for these occupations.
Is Northern New Mexico nonmetropolitan area a good place to live for All Occupations?
The Cost of Living Index in Northern New Mexico nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northern New Mexico nonmetropolitan area?
Some top paying nearby cities include Albuquerque, NM ($62,750) and Santa Fe, NM.
What is the total workforce size in Northern New Mexico for All Occupations?
The total local workforce for All Occupations in the Northern New Mexico nonmetropolitan area comprises 82,880 individuals.
How does the concentration of All Occupations in Northern New Mexico compare nationally?
The concentration, measured by the Location Quotient, is 1.0, which is exactly the national average, indicating a balanced presence of these roles.
What does a Cost of Living Index of 100 mean for Northern New Mexico?
A Cost of Living Index of 100 means that the general cost of goods and services in Northern New Mexico is the same as the national average.
How many All Occupations jobs are there per 1,000 workers in this region?
There are 1,000 jobs per 1,000 workers for All Occupations in the Northern New Mexico nonmetropolitan area, indicating a direct correlation between the workforce and available positions.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 82,880 employees in the Northern 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 Northern New Mexico nonmetropolitan area