Average Heavy and Tractor-Trailer Truck Drivers Salary in Albuquerque, NM
Heavy and Tractor-Trailer Truck Drivers in Albuquerque, NM, earn an average annual salary of $53,410. This figure is below the national average of $58,380, indicating that local market dynamics and potentially regional demand influence compensation. Factors such as the specific trucking industry presence and the overall economic landscape of New Mexico contribute to this localized pay scale.
Executive Summary
- Average Salary: $53,410 per year.
- Growth Trend: Salaries have shifted 27.4% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $69,010.
- Outlook: With a total local workforce of 4,010 Heavy and Tractor-Trailer Truck Drivers, Albuquerque presents a moderately sized employment pool. The Location Quotient of 0.74 suggests that this profession is slightly less concentrated in Albuquerque compared to the national average, implying a steady but not exceptionally high demand relative to other occupations.
Salary Overview
The average Heavy and Tractor-Trailer Truck Drivers in Albuquerque, NM earns-8.5%below the national average.
$25.7
$1,027
$4,451
Heavy and Tractor-Trailer Truck Drivers Salary Trends (2020-2024)
While specific historical data is not provided, it is generally assumed that salaries for Heavy and Tractor-Trailer Truck Drivers have seen incremental growth over the past four years, mirroring broader economic trends and inflation. This suggests a potentially stable or slightly increasing earning potential for drivers in Albuquerque over time.
Heavy and Tractor-Trailer Truck Drivers Salary Distribution in Albuquerque, NM
Salary progression for Heavy and Tractor-Trailer Truck Drivers typically correlates with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive driving records and specialized endorsements can command salaries significantly above the average. The gap between entry-level and senior-level pay reflects the value placed on expertise and reliability in the trucking industry.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| ApprenticeLearning trade under supervision. Classroom + OJT. | 10% (Entry) | $39,520 | $19 |
| JourneymanLicensed/Certified. Works independently on standard tasks. | 25% (Junior) | $40,058 | $19.3 |
| Senior TechnicianHandles complex installations & troubleshooting. | 50% (Median) | $50,650 | $24.4 |
| Foreman / MasterSupervises crews, handles permits & code compliance. | 75% (Senior) | $66,763 | $32.1 |
| SuperintendentSite management, business owner, or master tradesman. | 90% (Expert) | $69,010 | $33.2 |
Detailed Heavy and Tractor-Trailer Truck Drivers Market Analysis
Relocation Context
Nominal Salary
$53,410
Gross Pay
Real Wage (Purchasing Power)
$53,410
Adjusted for COL (100)
The average annual salary of $53,410 in Albuquerque aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a truck driver's salary in Albuquerque is comparable to that of a driver in a typical U.S. city, offering a stable financial environment without significant cost-of-living advantages or disadvantages.
Job Market Context
4,010
Total Jobs
10.002
Per 1K Jobs
0.74
Location Quotient
Albuquerque, NM has 0.74x the national average concentration of Heavy and Tractor-Trailer Truck Drivers 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 0.74 for Heavy and Tractor-Trailer Truck Drivers in Albuquerque indicates that the concentration of these jobs is below the national average. This suggests that while opportunities exist, the market may not be as saturated as in other regions, potentially offering a balanced competitive landscape for both employers seeking drivers and drivers seeking employment.
Nearby Job Markets
Nearby Cities for Heavy and Tractor-Trailer Truck Drivers
| City | Salary | Dist. |
|---|---|---|
| Eastern New Mexico nonmetropolitan area Heavy and Tractor-Trailer Truck Drivers Salary | $50,330↓ 6% | 29 mi |
| Northern New Mexico nonmetropolitan area Heavy and Tractor-Trailer Truck Drivers Salary | $49,650↓ 7% | 29 mi |
| Santa Fe, NM Heavy and Tractor-Trailer Truck Drivers Salary | $50,590↓ 5% | 54 mi |
Comparing salaries near Albuquerque, NM
Hiring Heavy and Tractor-Trailer Truck Driverss?
Frequently Asked Questions
How much does a Heavy and Tractor-Trailer Truck Drivers make in Albuquerque, NM?
The median annual salary for a Heavy and Tractor-Trailer Truck Drivers in Albuquerque, NM is $53,410. This typically ranges from $39,520 for entry-level positions to $69,010 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albuquerque, NM is 8.5% lower than the national median of $58,380.
Is Albuquerque, NM a lucrative place for Heavy and Tractor-Trailer Truck Drivers?
No, not significantly more lucrative than the national average.The average salary of $53,410 is below the national average, and the cost of living is on par with the national average, offering no distinct financial advantage.
Is Albuquerque, NM a good place to live for Heavy and Tractor-Trailer Truck Drivers?
The Cost of Living Index in Albuquerque, NM is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Albuquerque, NM?
Some top paying nearby cities include Eastern New Mexico nonmetropolitan area ($50,330) and Northern New Mexico nonmetropolitan area.
What is the average salary for a Heavy and Tractor-Trailer Truck Driver in Albuquerque, NM?
The average annual salary for Heavy and Tractor-Trailer Truck Drivers in Albuquerque, NM is $53,410.
How does Albuquerque's cost of living compare to the national average?
Albuquerque's cost of living index is 100, which is exactly the national average, meaning it is neither significantly more nor less expensive to live there compared to the rest of the country.
Is the demand for truck drivers high in Albuquerque?
The demand is moderate, as indicated by a Location Quotient of 0.74, which is below the national average concentration for this profession.
How many Heavy and Tractor-Trailer Truck Drivers are there in Albuquerque?
There are approximately 4,010 Heavy and Tractor-Trailer Truck Drivers employed in Albuquerque, NM.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,010 employees in the Albuquerque, NM area with a job density of 10.002 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Heavy and Tractor-Trailer Truck Drivers • Data source: BLS OEWS 2024 •Jobs in Albuquerque, NM