Average Construction and Extraction Occupations Salary in Farmington, NM
In Farmington, NM, professionals in Construction and Extraction Occupations earn an average annual salary of $56,330. This figure is notably below the national average of $64,030. Local economic factors, such as industry demand and the specific needs of the regional market, likely contribute to this pay differential.
Executive Summary
- Average Salary: $56,330 per year.
- Growth Trend: Salaries have shifted 15.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $81,900.
- Outlook: Farmington, NM boasts a significant concentration of Construction and Extraction Occupations, with a total local workforce of 5,040 individuals. The Location Quotient of 2.66 indicates a strong presence of these roles, suggesting a robust demand and a specialized labor market within the region that significantly exceeds the national average concentration.
Salary Overview
The average Construction and Extraction Occupations in Farmington, NM earns-12.0%below the national average.
$27.1
$1,083
$4,694
Construction and Extraction Occupations Salary Trends (2020-2024)
While specific historical data for Farmington, NM is not provided, it's reasonable to assume that salaries for Construction and Extraction Occupations have seen a general upward trend over the past four years, mirroring national patterns. This growth is typically driven by inflation, increased demand for infrastructure and housing, and evolving industry standards.
Construction and Extraction Occupations Salary Distribution in Farmington, NM
Salary progression within Construction and Extraction Occupations in Farmington, NM, is intrinsically linked to experience. Entry-level positions typically command lower salaries, while seasoned professionals with specialized skills and supervisory responsibilities can expect significantly higher compensation. The widening gap between entry-level and senior-level salaries reflects the career advancement opportunities and increased earning potential available.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $35,930 | $17.3 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $42,248 | $20.3 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $50,390 | $24.2 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $70,413 | $33.9 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $81,900 | $39.4 |
Detailed Construction and Extraction Occupations Market Analysis
Relocation Context
Nominal Salary
$56,330
Gross Pay
Real Wage (Purchasing Power)
$56,330
Adjusted for COL (100)
The average annual salary of $56,330 in Farmington, NM, aligns precisely with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of this income locally is equivalent to the national standard, offering a balanced financial landscape for residents.
Job Market Context
5,040
Total Jobs
109.549
Per 1K Jobs
2.66
Location Quotient
Farmington, NM has 2.7x the national concentration of Construction and Extraction Occupations jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.
With a Location Quotient of 2.66, Farmington, NM, exhibits a highly concentrated market for Construction and Extraction Occupations. This suggests that these roles are more prevalent and in higher demand relative to the national average, potentially leading to more specialized job opportunities and a competitive environment for skilled workers.
Nearby Job Markets
Hiring Construction and Extraction Occupationss?
Frequently Asked Questions
How much does a Construction and Extraction Occupations make in Farmington, NM?
The median annual salary for a Construction and Extraction Occupations in Farmington, NM is $56,330. This typically ranges from $35,930 for entry-level positions to $81,900 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Farmington, NM is 12.0% lower than the national median of $64,030.
Is Farmington, NM a lucrative place for Construction and Extraction Occupationss?
No, not when compared to the national average salary.While Farmington, NM has a high concentration of these jobs (LQ 2.66), the average salary of $56,330 is below the national average of $64,030.
Is Farmington, NM a good place to live for Construction and Extraction Occupations?
The Cost of Living Index in Farmington, NM is 100. While higher than average, this often correlates with higher wages.
How does the cost of living in Farmington, NM compare nationally?
Farmington, NM has a Cost of Living Index of 100, which is exactly the national average. This means that the general cost of goods and services is comparable to the rest of the United States.
What is the job density for Construction and Extraction Occupations in Farmington, NM?
There are approximately 109.55 jobs per 1,000 workers in Farmington, NM for Construction and Extraction Occupations, indicating a significant presence of these roles within the local workforce.
Does experience impact salary in Farmington, NM for these roles?
Yes, like most fields, experience plays a crucial role in salary determination. Senior roles with specialized skills will command higher wages than entry-level positions.
Is the job market for Construction and Extraction Occupations saturated in Farmington, NM?
With a Location Quotient of 2.66, the market is more concentrated than the national average, suggesting strong local demand and potentially a competitive environment for skilled workers, rather than saturation.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 5,040 employees in the Farmington, NM area with a job density of 109.549 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 Farmington, NM