Average All Occupations Salary in Santa Fe, NM
In Santa Fe, New Mexico, the average annual salary for All Occupations stands at $60,410. This figure is notably below the national average of $67,140, suggesting that local economic factors and industry demands in Santa Fe may influence compensation levels. Understanding these localized pay scales is crucial for career planning and financial management within the region.
Executive Summary
- Average Salary: $60,410 per year.
- Growth Trend: Salaries have shifted 18.9% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $102,940.
- Outlook: Santa Fe's labor market for All Occupations is substantial, with a total workforce of 61,400 individuals. The location quotient of 1.0 indicates that the concentration of these jobs in Santa Fe is precisely in line with the national average. This suggests a stable, albeit not exceptionally concentrated, demand for these roles within the local economy, reflecting a balanced job market.
Salary Overview
The average All Occupations in Santa Fe, NM earns-10.0%below the national average.
$29.1
$1,162
$5,034
All Occupations Salary Trends (2020-2024)
While specific historical data for Santa Fe's All Occupations is not provided, it is generally assumed that salaries across most occupations have experienced a steady upward trend over the past four years, mirroring national economic growth and inflation. This suggests that individuals in Santa Fe have likely seen incremental increases in their earnings, reflecting evolving market conditions and cost of living adjustments.
All Occupations Salary Distribution in Santa Fe, NM
Salary progression in All Occupations typically scales with experience, moving from entry-level positions to senior roles. While specific percentile data for Santa Fe is unavailable, the general principle holds that higher levels of experience and specialized skills command higher salaries. The gaps between different salary percentiles signify clear career progression pathways and the increasing value placed on seasoned professionals.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Entry LevelStarting career. Focus on acquiring core skills. | 10% (Entry) | $29,850 | $14.4 |
| ExperiencedProficient professional working independently. | 25% (Junior) | $45,308 | $21.8 |
| Mid-LevelEstablished expert. Standard market value. | 50% (Median) | $47,180 | $22.7 |
| Senior LevelAdvanced skills, leadership or specialist role. | 75% (Senior) | $75,513 | $36.3 |
| Top TierIndustry leader / Executive level compensation. | 90% (Expert) | $102,940 | $49.5 |
Detailed All Occupations Market Analysis
Relocation Context
Nominal Salary
$60,410
Gross Pay
Real Wage (Purchasing Power)
$60,410
Adjusted for COL (100)
The nominal average salary of $60,410 in Santa Fe aligns perfectly with the national average cost of living index of 100. This means that, on average, the purchasing power of a Santa Fe resident's income is comparable to that of a national average resident. While the salary is lower than the national average, the equivalent cost of living suggests that the standard of living may be relatively stable for those employed in All Occupations.
Job Market Context
61,400
Total Jobs
1000
Per 1K Jobs
1
Location Quotient
With a location quotient of 1.00, Santa Fe, NM has a slightly higher-than-average concentration of All Occupations roles compared to the national norm.
With a location quotient of 1.0, the job market for All Occupations in Santa Fe is neither significantly more nor less concentrated than the national average. This indicates a balanced presence of these roles within the local economy. It suggests a competitive but accessible job market, where opportunities exist without being overwhelmingly abundant or scarce compared to national benchmarks.
Nearby Job Markets
Nearby Cities for All Occupations
| City | Salary | Dist. |
|---|---|---|
| Albuquerque, NM All Occupations Salary | $62,750↑ 4% | 54 mi |
| Eastern New Mexico nonmetropolitan area All Occupations Salary | $54,440↓ 10% | 59 mi |
| Northern New Mexico nonmetropolitan area All Occupations Salary | $67,240↑ 11% | 59 mi |
Comparing salaries near Santa Fe, NM
Hiring All Occupationss?
Frequently Asked Questions
How much does a All Occupations make in Santa Fe, NM?
The median annual salary for a All Occupations in Santa Fe, NM is $60,410. This typically ranges from $29,850 for entry-level positions to $102,940 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Santa Fe, NM is 10.0% lower than the national median of $67,140.
Is Santa Fe, NM a lucrative place for All Occupationss?
No, not exceptionally lucrative compared to the national average.The average salary of $60,410 is below the national average of $67,140, although the cost of living is on par with the national average.
Is Santa Fe, NM a good place to live for All Occupations?
The Cost of Living Index in Santa Fe, NM is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Santa Fe, NM?
Some top paying nearby cities include Albuquerque, NM ($62,750) and Eastern New Mexico nonmetropolitan area.
How does Santa Fe's average salary compare to the national average?
The average annual salary for All Occupations in Santa Fe, NM is $60,410, which is lower than the national average of $67,140.
What is the cost of living in Santa Fe, NM?
Santa Fe, NM has a cost of living index of 100, which is exactly the national average.
How concentrated are All Occupations jobs in Santa Fe?
The concentration of All Occupations jobs in Santa Fe, indicated by a location quotient of 1.0, is the same as the national average.
What is the size of the workforce for All Occupations in Santa Fe?
The total local workforce for All Occupations in Santa Fe, NM comprises 61,400 individuals.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 61,400 employees in the Santa Fe, 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 Santa Fe, NM