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Average Cost Estimators Salary in New Mexico

Cost Estimators in New Mexico earn an average annual salary of $76,790, which is notably below the national average of $83,140. This difference can be attributed to a combination of factors, including the specific industry demands within the state and the overall economic landscape that influences compensation for specialized roles.

Executive Summary

  • Average Salary: $76,790 per year.
  • Growth Trend: Salaries have shifted 30.0% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $116,650.
  • Outlook: With a local workforce of 980 Cost Estimators, New Mexico presents a moderately sized market for this profession. The location quotient of 0.8 suggests that the concentration of these roles is slightly below the national average, indicating a stable but not exceptionally high demand compared to other states.
2024 Market Data

Salary Overview

$76,790

The average Cost Estimators in New Mexico earns-7.6%below the national average.

BreakdownBased on 40h/week
Hourly

$36.9

Weekly

$1,477

Monthly

$6,399

Cost Estimators Salary Distribution in New Mexico

The salary range for Cost Estimators in New Mexico significantly expands with experience. Entry-level positions might start closer to the lower percentiles, while seasoned professionals with extensive project experience and specialized knowledge can command salaries in the higher percentiles, reflecting a clear career progression and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$42,400$20.4
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$57,593$27.7
ManagerOversees team, compliance, and project delivery.50% (Median)$69,040$33.2
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$95,988$46.1
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$116,650$56.1

Detailed Cost Estimators Market Analysis

Relocation Context

Nominal Salary

$76,790

Gross Pay

Real Wage (Purchasing Power)

$85,703

Adjusted for COL (89.6)

The average salary of $76,790 in New Mexico is quite favorable when considering the local Cost of Living Index of 89.6. This index, being below the national average of 100, means that the purchasing power of a Cost Estimator's salary in New Mexico is effectively higher than the nominal figure suggests, allowing for a better standard of living.

Job Market Context

980

Total Jobs

1.134

Per 1K Jobs

0.8

Location Quotient

Below Average

New Mexico has 0.80x the national average concentration of Cost Estimators 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 0.8 indicates that Cost Estimators are slightly less concentrated in New Mexico compared to the national average. This suggests that while the profession is present and functional within the state, the job market may be less saturated, potentially offering opportunities for skilled professionals without intense competition.

Nearby Job Markets

Nearby Cities for Cost Estimators

CitySalaryDist.
Albuquerque, NM Cost Estimators Salary$80,830↑ 5%29 mi
Santa Fe, NM Cost Estimators Salary$67,650↓ 12%59 mi

Comparing salaries near New Mexico

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Frequently Asked Questions

How much does a Cost Estimators make in New Mexico?

The median annual salary for a Cost Estimators in New Mexico is $76,790. This typically ranges from $42,400 for entry-level positions to $116,650 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in New Mexico is 7.6% lower than the national median of $83,140.

Is New Mexico a lucrative place for Cost Estimators?

Yes, with a caveat regarding the national average.While the average salary is below the national benchmark, the significantly lower cost of living in New Mexico enhances the purchasing power of the $76,790 annual income, making it financially advantageous.

Is New Mexico a good place to live for Cost Estimators?

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 ($80,830) and Santa Fe, NM.

How does the Cost of Living in New Mexico compare to the national average?

New Mexico's Cost of Living Index is 89.6, which is 10.4% lower than the national average of 100, indicating that everyday expenses are generally more affordable.

What is the concentration of Cost Estimators in New Mexico?

The location quotient for Cost Estimators in New Mexico is 0.8, meaning the profession is 20% less concentrated than the national average.

How many Cost Estimators are there in New Mexico?

There are approximately 980 Cost Estimators employed within the state of New Mexico.

Are there many job opportunities for Cost Estimators in New Mexico?

With 1.134 jobs per 1,000 workers, the presence of Cost Estimators is slightly below the national average, suggesting a steady but not booming job market.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 980 employees in the New Mexico area with a job density of 1.134 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Cost Estimators • Data source: BLS OEWS 2024 •Jobs in New Mexico