Average Construction and Extraction Occupations Salary in New Mexico
In New Mexico, professionals in Construction and Extraction Occupations can expect an average annual salary of $54,540. This figure is notably below the national average of $64,030, reflecting a combination of regional economic factors and the specific demand within the state's construction sector. The unique economic landscape and industry concentration in New Mexico directly influence compensation levels for these vital roles.
Executive Summary
- Average Salary: $54,540 per year.
- Growth Trend: Salaries have shifted 17.0% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $80,270.
- Outlook: New Mexico boasts a substantial workforce of 56,050 individuals in Construction and Extraction Occupations, indicating a significant presence in the state's economy. With a Location Quotient of 1.58, this sector is 58% more concentrated in New Mexico than the national average, suggesting robust demand and a strong industry footprint that supports a considerable number of jobs.
Salary Overview
The average Construction and Extraction Occupations in New Mexico earns-14.8%below the national average.
$26.2
$1,049
$4,545
Construction and Extraction Occupations Salary Trends (2020-2024)
While specific historical data for New Mexico's Construction and Extraction Occupations is not provided, it's reasonable to assume a general trend of salary growth over the past four years, mirroring national patterns. Economic development and infrastructure projects typically drive increased demand for these roles, leading to upward pressure on wages as the sector matures and adapts to new technologies and building standards.
Construction and Extraction Occupations Salary Distribution in New Mexico
Within New Mexico's Construction and Extraction Occupations, salary progression is strongly tied to experience and specialization. Entry-level positions typically start at the lower end of the pay scale, while seasoned professionals with specialized skills and supervisory experience command significantly higher earnings. The widening gap between the 25th percentile (entry-level) and the 75th percentile (senior roles) clearly signifies substantial career advancement and earning potential.
| 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) | $40,905 | $19.7 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $48,420 | $23.3 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $68,175 | $32.8 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $80,270 | $38.6 |
Detailed Construction and Extraction Occupations Market Analysis
Relocation Context
Nominal Salary
$54,540
Gross Pay
Real Wage (Purchasing Power)
$60,871
Adjusted for COL (89.6)
The average annual salary of $54,540 in New Mexico's Construction and Extraction sector presents a favorable financial outlook when considered against the state's Cost of Living Index of 89.6. This index, which is below the national average of 100, means that the purchasing power of the local salary is enhanced, allowing for a potentially higher standard of living compared to areas with a higher cost of living, even with a lower nominal wage.
Job Market Context
56,050
Total Jobs
65.113
Per 1K Jobs
1.58
Location Quotient
New Mexico has 1.6x 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.
New Mexico's Location Quotient of 1.58 for Construction and Extraction Occupations signifies a market that is significantly more concentrated than the national average. This indicates a strong and established presence of these industries within the state, suggesting a healthy demand for skilled labor and potentially more abundant job opportunities compared to the national landscape.
Nearby Job Markets
Nearby Cities for Construction and Extraction Occupations
| City | Salary | Dist. |
|---|---|---|
| Albuquerque, NM Construction and Extraction Occupations Salary | $53,640↓ 2% | 29 mi |
| Santa Fe, NM Construction and Extraction Occupations Salary | $50,980↓ 7% | 59 mi |
Comparing salaries near New Mexico
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Frequently Asked Questions
How much does a Construction and Extraction Occupations make in New Mexico?
The median annual salary for a Construction and Extraction Occupations in New Mexico is $54,540. This typically ranges from $35,730 for entry-level positions to $80,270 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in New Mexico is 14.8% lower than the national median of $64,030.
Is New Mexico a lucrative place for Construction and Extraction Occupations?
Yes, with a caveat regarding the cost of living.While the average salary is below the national average, New Mexico's lower cost of living enhances the purchasing power of the $54,540 annual wage. The high concentration of these jobs (LQ 1.58) also points to a robust market.
Is New Mexico a good place to live for Construction and Extraction Occupations?
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 ($53,640) and Santa Fe, NM.
How does New Mexico's average salary compare to the national average for Construction and Extraction Occupations?
The average annual salary for Construction and Extraction Occupations in New Mexico is $54,540, which is lower than the national average of $64,030.
What is the concentration of Construction and Extraction Occupations jobs in New Mexico?
New Mexico has a higher concentration of these jobs, indicated by a Location Quotient of 1.58, meaning the sector is 58% more prevalent than the national average.
How does the cost of living in New Mexico affect the Construction and Extraction salary?
With a Cost of Living Index of 89.6 (below the national average of 100), the $54,540 salary in New Mexico offers better purchasing power than it might in a higher-cost state.
How many people work in Construction and Extraction Occupations in New Mexico?
There are 56,050 individuals employed in Construction and Extraction Occupations in New Mexico, representing a significant portion of the state's workforce.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 56,050 employees in the New Mexico area with a job density of 65.113 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 New Mexico