SalaryNode

Average Carpenters Salary in Farmington, NM

Carpenters in Farmington, NM, earn an average annual salary of $54,180. This figure is notably below the national average of $64,010, suggesting that local market dynamics and potentially regional demand influence compensation. While the cost of living in Farmington is on par with the national average, the salary differential warrants closer examination for professionals in this trade.

Executive Summary

  • Average Salary: $54,180 per year.
  • Growth Trend: Salaries have shifted 11.2% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $74,780.
  • Outlook: Farmington, NM, supports a local carpenter workforce of 220 individuals. With a Location Quotient of 1.07, the concentration of carpenters in Farmington is slightly above the national average, indicating a stable, albeit not exceptionally high, demand for their skills within the local economy. The presence of nearly 5 carpenters per 1,000 workers suggests a consistent need for their services.
2024 Market Data

Salary Overview

$54,180

The average Carpenters in Farmington, NM earns-15.4%below the national average.

BreakdownBased on 40h/week
Hourly

$26.1

Weekly

$1,042

Monthly

$4,515

Carpenters Salary Distribution in Farmington, NM

The salary progression for carpenters in Farmington, NM, is expected to follow a typical pattern where experience significantly impacts earning potential. Entry-level positions will likely command salaries at the lower end of the spectrum, while seasoned professionals with specialized skills and a proven track record can expect to earn considerably more. The gap between the 25th percentile (entry-level) and the 75th percentile (senior) salaries would signify the potential for career advancement and increased earning capacity within the trade.

Experience LevelMarket PercentileAnnual WageHourly Rate
ApprenticeLearning trade under supervision. Classroom + OJT.10% (Entry)$38,580$18.5
JourneymanLicensed/Certified. Works independently on standard tasks.25% (Junior)$40,635$19.5
Senior TechnicianHandles complex installations & troubleshooting.50% (Median)$57,300$27.5
Foreman / MasterSupervises crews, handles permits & code compliance.75% (Senior)$67,725$32.6
SuperintendentSite management, business owner, or master tradesman.90% (Expert)$74,780$36

Detailed Carpenters Market Analysis

Relocation Context

Nominal Salary

$54,180

Gross Pay

Real Wage (Purchasing Power)

$54,180

Adjusted for COL (100)

The average annual salary for carpenters in Farmington, NM, stands at $54,180. This nominal income aligns perfectly with the local Cost of Living Index, which is set at 100, mirroring the national average. This means that the purchasing power of a carpenter's salary in Farmington is equivalent to that of a carpenter earning the national average in a typical U.S. city, offering a stable financial footing without the immediate pressure of higher living expenses.

Job Market Context

220

Total Jobs

4.865

Per 1K Jobs

1.07

Location Quotient

Above Average

With a location quotient of 1.07, Farmington, NM has a slightly higher-than-average concentration of Carpenters roles compared to the national norm.

With a Location Quotient of 1.07, Farmington, NM, exhibits a slightly higher concentration of carpenters compared to the national average. This suggests that the job market for carpenters in Farmington is neither saturated nor exceptionally scarce; rather, it indicates a healthy, balanced demand for these skilled professionals. The market is competitive enough to sustain local employment but not so intense as to drive wages significantly above the national average.

Nearby Job Markets

Hiring Carpenterss?

Frequently Asked Questions

How much does a Carpenters make in Farmington, NM?

The median annual salary for a Carpenters in Farmington, NM is $54,180. This typically ranges from $38,580 for entry-level positions to $74,780 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Farmington, NM is 15.4% lower than the national median of $64,010.

Is Farmington, NM a lucrative place for Carpenters?

No, not exceptionally lucrative compared to the national average.Carpenters in Farmington earn $54,180 annually, which is below the national average of $64,010. While the cost of living is average, the lower salary indicates less lucrative opportunities compared to national benchmarks.

Is Farmington, NM a good place to live for Carpenters?

The Cost of Living Index in Farmington, NM is 100. While higher than average, this often correlates with higher wages.

How does the Farmington carpenter salary compare to the national average?

Carpenters in Farmington, NM, earn an average of $54,180 per year, which is approximately $9,830 less than the national average salary of $64,010.

What is the cost of living in Farmington, NM for carpenters?

The cost of living in Farmington, NM, is exactly at the national average (100 on the index), meaning that the $54,180 salary has average purchasing power.

How concentrated is the carpenter job market in Farmington, NM?

Farmington, NM, has a carpenter concentration (Location Quotient) of 1.07, indicating a slightly higher presence of carpenters than the national average, suggesting a stable job market.

What is the total number of carpenters employed in Farmington, NM?

There are approximately 220 carpenters employed in Farmington, NM, representing a small but stable segment of the local workforce.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 220 employees in the Farmington, NM area with a job density of 4.865 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Carpenters • Data source: BLS OEWS 2024 •Jobs in Farmington, NM