In the Northern New Mexico nonmetropolitan area, professionals in Construction and Extraction Occupations can expect an average annual salary of $54,950. This figure is notably below the national average of $64,030, suggesting that regional economic factors and demand dynamics play a significant role in compensation within this sector for this specific locale.
Executive Summary
- Average Salary: $54,950 per year.
- Growth Trend: Salaries have shifted 28.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $82,880.
- Outlook: The construction and extraction sector in Northern New Mexico's nonmetropolitan area supports a local workforce of 3,030 individuals. With a Location Quotient of 0.89, the concentration of these jobs is slightly below the national average, indicating a stable but not exceptionally concentrated market. The presence of 36.608 jobs per 1,000 workers suggests a consistent, albeit moderate, demand for these essential roles within the region.
Salary Overview
The average Construction and Extraction Occupations in Northern New Mexico nonmetropolitan area earns-14.2%below the national average.
$26.4
$1,057
$4,579
Construction and Extraction Occupations Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that the construction and extraction industry, like many others, has experienced salary growth over the past four years. Economic recovery, infrastructure investments, and inflation typically drive upward pressure on wages in this sector, suggesting that the current average of $54,950 may represent an increase from previous years.
Construction and Extraction Occupations Salary Distribution in Northern New Mexico nonmetropolitan area
Within Construction and Extraction Occupations, salary progression is typically tied to experience and specialized skills. Entry-level positions often start at the lower end of the pay scale, while seasoned professionals with extensive experience and certifications can command significantly higher salaries. The percentile gaps in earnings reflect this career trajectory, with senior roles often earning substantially more than their junior counterparts.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $34,730 | $16.7 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $41,213 | $19.8 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $48,920 | $23.5 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $68,688 | $33 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $82,880 | $39.8 |
Detailed Construction and Extraction Occupations Market Analysis
Relocation Context
Nominal Salary
$54,950
Gross Pay
Real Wage (Purchasing Power)
$54,950
Adjusted for COL (100)
The average annual salary of $54,950 in Northern New Mexico's nonmetropolitan area aligns precisely with the national average Cost of Living Index of 100. This means that, on average, the purchasing power of this salary is equivalent to the national average, offering a balanced financial landscape for residents in terms of housing, goods, and services.
Job Market Context
3,030
Total Jobs
36.608
Per 1K Jobs
0.89
Location Quotient
Northern New Mexico nonmetropolitan area has 0.89x the national average concentration of Construction and Extraction Occupations jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.
A Location Quotient of 0.89 for Construction and Extraction Occupations in Northern New Mexico's nonmetropolitan area indicates that the industry is slightly less concentrated than the national average. This suggests a market that is neither oversaturated nor critically undersupplied, presenting a balanced environment for job seekers and employers alike, with opportunities available but perhaps not as abundant as in more heavily concentrated regions.
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 Northern New Mexico nonmetropolitan area
Hiring Construction and Extraction Occupationss?
Frequently Asked Questions
How much does a Construction and Extraction Occupations make in Northern New Mexico nonmetropolitan area?
The median annual salary for a Construction and Extraction Occupations in Northern New Mexico nonmetropolitan area is $54,950. This typically ranges from $34,730 for entry-level positions to $82,880 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northern New Mexico nonmetropolitan area is 14.2% lower than the national median of $64,030.
Is Northern New Mexico nonmetropolitan area a lucrative place for Construction and Extraction Occupationss?
No, it is not exceptionally lucrative compared to the national average.The average salary of $54,950 is below the national average of $64,030, although the cost of living is on par with the national average.
Is Northern New Mexico nonmetropolitan area a good place to live for Construction and Extraction Occupations?
The Cost of Living Index in Northern New Mexico nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northern New Mexico nonmetropolitan area?
Some top paying nearby cities include Albuquerque, NM ($53,640) and Santa Fe, NM.
How does the local salary compare to the national average?
The average annual salary for Construction and Extraction Occupations in Northern New Mexico's nonmetropolitan area is $54,950, which is lower than the national average of $64,030.
What is the concentration of Construction and Extraction jobs in this area?
The Location Quotient is 0.89, indicating that the concentration of these jobs is slightly below the national average.
How does the cost of living affect the salary?
With a Cost of Living Index of 100, the local salary of $54,950 has the same purchasing power as the national average, meaning it is neither significantly boosted nor diminished by local living expenses.
How many people work in these occupations locally?
There are 3,030 individuals employed in Construction and Extraction Occupations in the Northern New Mexico nonmetropolitan area.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 3,030 employees in the Northern New Mexico nonmetropolitan area area with a job density of 36.608 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 Northern New Mexico nonmetropolitan area