Average Construction and Extraction Occupations Salary in Albuquerque, NM
In Albuquerque, NM, professionals in Construction and Extraction Occupations earn an average annual salary of $53,640. This figure is notably below the national average of $64,030, suggesting that local market dynamics and potentially different industry demands influence compensation in this region. The specific economic landscape of Albuquerque plays a crucial role in shaping these salary benchmarks.
Executive Summary
- Average Salary: $53,640 per year.
- Growth Trend: Salaries have shifted 17.1% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $79,830.
- Outlook: Albuquerque's construction and extraction sector demonstrates a solid presence, with a local workforce of 21,310 individuals. The Location Quotient of 1.29 indicates a higher concentration of these jobs in Albuquerque compared to the national average, signaling robust local demand and a significant role for these occupations within the regional economy. With 53.113 jobs per 1,000 workers, the sector is a substantial employer.
Salary Overview
The average Construction and Extraction Occupations in Albuquerque, NM earns-16.2%below the national average.
$25.8
$1,032
$4,470
Construction and Extraction Occupations Salary Trends (2020-2024)
While specific historical data isn't provided, it's reasonable to assume that salaries for Construction and Extraction Occupations in Albuquerque have seen gradual growth over the past four years, mirroring national trends. Economic development, infrastructure projects, and inflation typically drive upward adjustments in wages within this sector, reflecting an evolving market and increasing demand for skilled labor.
Construction and Extraction Occupations Salary Distribution in Albuquerque, NM
Compensation within Construction and Extraction Occupations in Albuquerque typically scales significantly with experience. Entry-level positions will command lower salaries, while seasoned professionals with specialized skills and extensive project management experience can expect to earn considerably more. The widening salary gap between junior and senior roles reflects the value placed on expertise, leadership, and a proven track record in the field, signifying clear career progression pathways.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $35,730 | $17.2 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $40,230 | $19.3 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $48,440 | $23.3 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $67,050 | $32.2 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $79,830 | $38.4 |
Detailed Construction and Extraction Occupations Market Analysis
Relocation Context
Nominal Salary
$53,640
Gross Pay
Real Wage (Purchasing Power)
$53,640
Adjusted for COL (100)
The average annual salary of $53,640 in Albuquerque aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that while the nominal salary is lower than the national average, the purchasing power of this income within Albuquerque is equivalent to the national standard. Residents can expect their earnings to cover essential expenses and lifestyle costs at a rate comparable to the rest of the country.
Job Market Context
21,310
Total Jobs
53.113
Per 1K Jobs
1.29
Location Quotient
With a location quotient of 1.29, Albuquerque, NM has a slightly higher-than-average concentration of Construction and Extraction Occupations roles compared to the national norm.
Albuquerque's Location Quotient of 1.29 for Construction and Extraction Occupations signifies a market where these roles are more concentrated than the national average. This suggests a healthy demand for these skills within the local economy, potentially offering more opportunities and a competitive environment for job seekers. While not excessively saturated, the higher concentration indicates a specialized regional need for this workforce.
Nearby Job Markets
Nearby Cities for Construction and Extraction Occupations
| City | Salary | Dist. |
|---|---|---|
| Eastern New Mexico nonmetropolitan area Construction and Extraction Occupations Salary | $54,660↑ 2% | 29 mi |
| Northern New Mexico nonmetropolitan area Construction and Extraction Occupations Salary | $54,950↑ 2% | 29 mi |
| Santa Fe, NM Construction and Extraction Occupations Salary | $50,980↓ 5% | 54 mi |
Comparing salaries near Albuquerque, NM
Hiring Construction and Extraction Occupationss?
Frequently Asked Questions
How much does a Construction and Extraction Occupations make in Albuquerque, NM?
The median annual salary for a Construction and Extraction Occupations in Albuquerque, NM is $53,640. This typically ranges from $35,730 for entry-level positions to $79,830 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albuquerque, NM is 16.2% lower than the national median of $64,030.
Is Albuquerque, NM a lucrative place for Construction and Extraction Occupationss?
No, not when compared to the national average salary.While Albuquerque has a strong concentration of these jobs (LQ of 1.29), the average salary of $53,640 is below the national average of $64,030. However, the cost of living is also at the national average, meaning purchasing power is comparable.
Is Albuquerque, NM a good place to live for Construction and Extraction Occupations?
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 ($54,660) and Northern New Mexico nonmetropolitan area.
How does Albuquerque's cost of living affect Construction and Extraction salaries?
Albuquerque's cost of living is exactly at the national average (100). This means the $53,640 average salary provides purchasing power equivalent to the national average, despite being lower in nominal terms than the national average salary.
What does a Location Quotient of 1.29 mean for construction jobs in Albuquerque?
A Location Quotient of 1.29 indicates that Construction and Extraction Occupations are 29% more concentrated in Albuquerque than the national average. This suggests a stronger local demand and a more significant presence of these jobs within the regional workforce.
How many construction and extraction jobs are there in Albuquerque?
There are approximately 21,310 individuals employed in Construction and Extraction Occupations in Albuquerque, NM. This represents a substantial segment of the local workforce.
Is the job market for construction and extraction strong in Albuquerque?
Yes, the job market appears strong, evidenced by the Location Quotient of 1.29 and 53.113 jobs per 1,000 workers. These metrics suggest a higher concentration and demand for these roles compared to the national landscape.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 21,310 employees in the Albuquerque, NM area with a job density of 53.113 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Construction and Extraction Occupations • Data source: BLS OEWS 2024 •Jobs in Albuquerque, NM