Average Chief Executives Salary in New Mexico
Chief Executives in New Mexico earn an average annual salary of $163,510. This figure is notably lower than the national average of $283,090, reflecting a combination of regional economic factors and the specific demand for top-tier executive talent within the state's business landscape. The unique economic drivers and industry concentrations in New Mexico directly influence compensation levels for these critical leadership roles.
Executive Summary
- Average Salary: $163,510 per year.
- Growth Trend: Salaries have shifted 0.0% ↘ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $245,265.
- Outlook: With a total local workforce of 360 Chief Executives, New Mexico presents a relatively niche market for these positions. The low Location Quotient of 0.3 indicates that this role is significantly less concentrated in New Mexico compared to the national average. While the absolute number of jobs per 1,000 workers (0.418) is modest, the limited concentration suggests that established executives may find fewer direct opportunities but potentially less competition for senior leadership roles.
Salary Overview
The average Chief Executives in New Mexico earns-42.2%below the national average.
$78.6
$3,144
$13,626
Chief Executives Salary Trends (2020-2024)
While specific historical data for Chief Executive salary growth in New Mexico over the past four years is not provided, it is generally assumed that compensation for executive roles across the nation, including New Mexico, has seen a steady upward trend. This growth is typically driven by inflation, increasing business complexity, and the persistent demand for skilled leadership to navigate evolving market conditions and drive organizational success.
Chief Executives Salary Distribution in New Mexico
The salary range for Chief Executives in New Mexico, like elsewhere, is heavily influenced by experience. Entry-level executive roles will command lower salaries, while seasoned professionals with a proven track record of success and extensive leadership experience can expect to earn significantly more. The substantial percentile gaps between junior and senior positions highlight the steep career progression and the premium placed on strategic vision and operational expertise at the highest levels.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $34,520 | $16.6 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $122,633 | $59 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $148,790 | $71.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $204,388 | $98.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $245,265 | $117.9 |
Detailed Chief Executives Market Analysis
Relocation Context
Nominal Salary
$163,510
Gross Pay
Real Wage (Purchasing Power)
$182,489
Adjusted for COL (89.6)
The average nominal salary of $163,510 in New Mexico offers a strong purchasing power, especially when contrasted with the local Cost of Living Index of 89.6. This index is below the national average of 100, meaning that everyday expenses such as housing, utilities, and transportation are generally more affordable than in the rest of the country. Consequently, the effective real income for a Chief Executive in New Mexico is likely higher than the nominal salary might initially suggest, providing a comfortable standard of living.
Job Market Context
360
Total Jobs
0.418
Per 1K Jobs
0.3
Location Quotient
At 0.30x, New Mexico has a notably lower concentration of Chief Executives jobs than the national average. Opportunities in this area are relatively scarce for this profession.
A Location Quotient of 0.3 for Chief Executives in New Mexico signifies that this profession is considerably less prevalent in the state compared to the national average. This suggests a less saturated market with fewer specialized executive roles available relative to the overall workforce. While this might indicate fewer immediate opportunities, it could also imply less intense competition for the available high-level positions, potentially benefiting experienced executives seeking leadership roles.
Nearby Job Markets
Nearby Cities for Chief Executives
| City | Salary | Dist. |
|---|---|---|
| Albuquerque, NM Chief Executives Salary | $181,340↑ 11% | 29 mi |
Comparing salaries near New Mexico
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Frequently Asked Questions
How much does a Chief Executives make in New Mexico?
The median annual salary for a Chief Executives in New Mexico is $163,510. This typically ranges from $34,520 for entry-level positions to $245,265 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New Mexico is 42.2% lower than the national median of $283,090.
Is New Mexico a lucrative place for Chief Executives?
No, not compared to the national average.While the average salary of $163,510 is substantial, it falls significantly short of the national average of $283,090. However, the lower cost of living in New Mexico does enhance the purchasing power of this salary.
Is New Mexico a good place to live for Chief Executives?
With a Cost of Living Index of 89.6 (lower than the national average of 100), your salary goes further here.
Where are the highest paying cities near New Mexico?
Some top paying nearby cities include Albuquerque, NM ($181,340) and others.
What is the average salary for a Chief Executive in New Mexico?
The average annual salary for a Chief Executive in New Mexico is $163,510.
How does New Mexico's Chief Executive salary compare to the national average?
The average salary in New Mexico ($163,510) is considerably lower than the national average of $283,090.
Is the job market for Chief Executives concentrated in New Mexico?
No, the job market for Chief Executives is not concentrated in New Mexico, as indicated by a Location Quotient of 0.3, which is well below the national average.
How does the cost of living in New Mexico affect the Chief Executive salary?
New Mexico's Cost of Living Index of 89.6 is below the national average, meaning the $163,510 salary offers better purchasing power than it might in a higher cost-of-living state.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 360 employees in the New Mexico area with a job density of 0.418 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Chief Executives • Data source: BLS OEWS 2024 •Jobs in New Mexico