Average Carpenters Salary in Albuquerque, NM
Carpenters in Albuquerque, NM, earn an average annual salary of $54,940. This figure is notably below the national average of $64,010, suggesting that local market dynamics, such as demand and the cost of living, play a significant role in compensation levels within the region.
Executive Summary
- Average Salary: $54,940 per year.
- Growth Trend: Salaries have shifted 27.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $78,600.
- Outlook: With a local workforce of 1,990 Carpenters, Albuquerque presents a stable, albeit not exceptionally concentrated, job market. The Location Quotient of 1.1 indicates a slightly higher presence of Carpenters than the national average, suggesting a steady demand for skilled carpentry professionals within the city's construction and maintenance sectors.
Salary Overview
The average Carpenters in Albuquerque, NM earns-14.2%below the national average.
$26.4
$1,057
$4,578
Carpenters Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Carpenter salaries in Albuquerque have experienced gradual growth over the past four years, mirroring national trends. Factors such as inflation, increased demand for housing and commercial spaces, and the evolving complexity of construction projects likely contribute to this upward salary trajectory.
Carpenters Salary Distribution in Albuquerque, NM
Carpenter salaries in Albuquerque typically scale with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with specialized skills and a proven track record can command salaries in the higher percentiles. The gap between entry-level and senior roles signifies a clear career progression path and the value placed on accumulated expertise.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $37,160 | $17.9 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $41,205 | $19.8 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $53,470 | $25.7 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $68,675 | $33 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $78,600 | $37.8 |
Detailed Carpenters Market Analysis
Relocation Context
Nominal Salary
$54,940
Gross Pay
Real Wage (Purchasing Power)
$54,940
Adjusted for COL (100)
The average Carpenter salary of $54,940 in Albuquerque aligns perfectly with the national average Cost of Living Index of 100. This means that the purchasing power of a Carpenter's salary in Albuquerque is comparable to the national average, offering a balanced financial landscape for professionals considering a move to the area.
Job Market Context
1,990
Total Jobs
4.962
Per 1K Jobs
1.1
Location Quotient
With a location quotient of 1.10, Albuquerque, NM has a slightly higher-than-average concentration of Carpenters roles compared to the national norm.
Albuquerque's Location Quotient of 1.1 for Carpenters signifies a job market where this profession is slightly more concentrated than the national average. This suggests a healthy, consistent demand for carpentry services, indicating that the market is neither oversaturated nor experiencing a significant shortage, providing a stable environment for employment.
Nearby Job Markets
Nearby Cities for Carpenters
| City | Salary | Dist. |
|---|---|---|
| Eastern New Mexico nonmetropolitan area Carpenters Salary | $51,540↓ 6% | 29 mi |
| Northern New Mexico nonmetropolitan area Carpenters Salary | $49,590↓ 10% | 29 mi |
| Santa Fe, NM Carpenters Salary | $52,900↓ 4% | 54 mi |
Comparing salaries near Albuquerque, NM
Hiring Carpenterss?
Frequently Asked Questions
How much does a Carpenters make in Albuquerque, NM?
The median annual salary for a Carpenters in Albuquerque, NM is $54,940. This typically ranges from $37,160 for entry-level positions to $78,600 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albuquerque, NM is 14.2% lower than the national median of $64,010.
Is Albuquerque, NM a lucrative place for Carpenters?
No, but it offers stable employment.While the average salary of $54,940 is below the national average, the cost of living is also at the national average, making the nominal salary's purchasing power comparable. The slightly above-average concentration of Carpenters (LQ 1.1) suggests consistent job availability.
Is Albuquerque, NM a good place to live for Carpenters?
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 ($51,540) and Northern New Mexico nonmetropolitan area.
How does Albuquerque's Carpenter salary compare to the national average?
Carpenters in Albuquerque earn an average of $54,940 annually, which is less than the national average of $64,010.
What is the job market like for Carpenters in Albuquerque?
The job market is stable, with 1,990 Carpenters employed locally and a Location Quotient of 1.1, indicating a slightly higher concentration than the national average.
Does the cost of living in Albuquerque affect Carpenter salaries?
Albuquerque's Cost of Living Index is 100, matching the national average. This means the $54,940 salary has average purchasing power, despite being below the national salary average.
How much does experience impact a Carpenter's salary in Albuquerque?
Experience significantly influences salary, with entry-level positions earning less and senior Carpenters commanding higher wages, reflecting a typical career progression.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,990 employees in the Albuquerque, NM area with a job density of 4.962 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Carpenters • Data source: BLS OEWS 2024 •Jobs in Albuquerque, NM