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Average Electrical Engineers Salary in New Mexico

Electrical Engineers in New Mexico command an impressive average annual salary of $144,120, significantly surpassing the national average of $121,030. This elevated compensation is likely driven by a specialized demand within the state, potentially linked to its robust technology and defense sectors, which require a highly skilled engineering workforce.

Executive Summary

  • Average Salary: $144,120 per year.
  • Growth Trend: Salaries have shifted 22.7% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $181,550.
  • Outlook: With a local workforce of 1,580 Electrical Engineers, New Mexico demonstrates a notable concentration of talent. The Location Quotient of 1.5 indicates that this profession is 50% more concentrated in New Mexico than the national average, suggesting a strong and potentially growing demand for these professionals within the state's economy.
2024 Market Data

Salary Overview

$144,120

The average Electrical Engineers in New Mexico earns+19.1%above the national average.

BreakdownBased on 40h/week
Hourly

$69.3

Weekly

$2,772

Monthly

$12,010

Electrical Engineers Salary Distribution in New Mexico

The career trajectory for Electrical Engineers in New Mexico offers substantial earning potential. Entry-level positions typically start at lower percentiles, but with accumulated experience and specialized skills, professionals can advance to senior roles commanding salaries well above the average. The widening gap between entry-level and senior salaries signifies clear opportunities for career progression and increased earning power.

Experience LevelMarket PercentileAnnual WageHourly Rate
Junior / AssociateEntry level. Focus on learning core skills & codebase.10% (Entry)$81,670$39.3
Engineer IProficient contributor. Handles tasks independently.25% (Junior)$108,090$52
Senior EngineerSystem design, complex problem solving, mentoring.50% (Median)$143,850$69.2
Lead / StaffTechnical strategy, architecture, cross-team impact.75% (Senior)$180,150$86.6
Principal / ArchitectIndustry expert. Driving technical vision & innovation.90% (Expert)$181,550$87.3

Detailed Electrical Engineers Market Analysis

Relocation Context

Nominal Salary

$144,120

Gross Pay

Real Wage (Purchasing Power)

$160,848

Adjusted for COL (89.6)

The nominal average salary of $144,120 in New Mexico presents a compelling financial advantage when considering the local cost of living. With an index of 89.6, which is below the national average of 100, the purchasing power of an Electrical Engineer's salary in New Mexico is considerably higher, allowing for a better quality of life and greater disposable income.

Job Market Context

1,580

Total Jobs

1.836

Per 1K Jobs

1.5

Location Quotient

Major Hub

New Mexico has 1.5x the national concentration of Electrical Engineers jobs — a major employment hub for this role. Job seekers will find significantly more opportunities here than in most other areas.

A Location Quotient of 1.5 for Electrical Engineers in New Mexico signifies a market with a higher-than-average concentration of these professionals. This suggests a competitive landscape, but also indicates a strong industry presence and potentially robust demand, making it an attractive location for both new entrants and experienced engineers seeking specialized opportunities.

Nearby Job Markets

Nearby Cities for Electrical Engineers

CitySalaryDist.
Albuquerque, NM Electrical Engineers Salary$149,040↑ 3%29 mi

Comparing salaries near New Mexico

Hiring Electrical Engineerss?

Frequently Asked Questions

How much does a Electrical Engineers make in New Mexico?

The median annual salary for a Electrical Engineers in New Mexico is $144,120. This typically ranges from $81,670 for entry-level positions to $181,550 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in New Mexico is 19.1% higher than the national median of $121,030.

Is New Mexico a lucrative place for Electrical Engineers?

Yes, New Mexico is a lucrative location for Electrical Engineers.The average salary of $144,120 significantly exceeds the national average, and the lower cost of living further enhances the financial benefits for these professionals.

Is New Mexico a good place to live for Electrical Engineers?

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 ($149,040) and others.

How does the Electrical Engineer job market compare nationally in New Mexico?

New Mexico's job market for Electrical Engineers is more concentrated than the national average, with a Location Quotient of 1.5, indicating a higher prevalence of these roles within the state.

What is the average salary for an Electrical Engineer in New Mexico?

The average annual salary for an Electrical Engineer in New Mexico is $144,120, which is substantially higher than the national average.

How does the cost of living in New Mexico affect an Electrical Engineer's salary?

With a Cost of Living Index of 89.6, New Mexico is more affordable than the national average, meaning the $144,120 salary offers greater purchasing power and a higher standard of living.

What is the total number of Electrical Engineers employed in New Mexico?

There are approximately 1,580 Electrical Engineers employed within New Mexico, reflecting a dedicated professional workforce in the state.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,580 employees in the New Mexico area with a job density of 1.836 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Electrical Engineers • Data source: BLS OEWS 2024 •Jobs in New Mexico