Average Industrial Production Managers Salary in Albuquerque, NM
Industrial Production Managers in Albuquerque, NM, earn an average annual salary of $127,010. This figure is slightly below the national average of $129,180, indicating a localized compensation structure influenced by regional economic factors and industry demand within New Mexico. While close to the national benchmark, subtle differences reflect the unique market dynamics of the area.
Executive Summary
- Average Salary: $127,010 per year.
- Growth Trend: Salaries have shifted 5.2% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $202,330.
- Outlook: The local workforce for Industrial Production Managers in Albuquerque numbers 240 professionals. With a Location Quotient of 0.39, the concentration of these roles is below the national average, suggesting a less saturated but potentially growing market. The presence of 0.589 jobs per 1,000 workers indicates a steady, albeit not exceptionally high, demand for these management positions within the local industrial landscape.
Salary Overview
The average Industrial Production Managers in Albuquerque, NM earns-1.7%below the national average.
$61.1
$2,443
$10,584
Industrial Production Managers Salary Trends (2020-2024)
While specific historical data for Albuquerque is not provided, it is reasonable to assume that salaries for Industrial Production Managers have seen a gradual increase over the past four years, mirroring national trends. Economic recovery, inflation, and evolving industry demands typically drive upward salary adjustments for skilled management roles, suggesting a positive trajectory for compensation in this field.
Industrial Production Managers Salary Distribution in Albuquerque, NM
Career progression for Industrial Production Managers typically involves a significant salary scale. Entry-level positions might start in the lower percentiles, while seasoned professionals with extensive experience and proven leadership skills can command salaries in the higher percentiles. The widening gap between entry-level and senior roles signifies substantial earning potential and career advancement opportunities within the field.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $73,730 | $35.4 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $95,258 | $45.8 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $109,160 | $52.5 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $158,763 | $76.3 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $202,330 | $97.3 |
Detailed Industrial Production Managers Market Analysis
Relocation Context
Nominal Salary
$127,010
Gross Pay
Real Wage (Purchasing Power)
$127,010
Adjusted for COL (100)
The nominal salary of $127,010 in Albuquerque, NM, is perfectly aligned with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an Industrial Production Manager's salary in Albuquerque is equivalent to the national standard, offering a stable financial standing without the premium often associated with higher cost-of-living areas.
Job Market Context
240
Total Jobs
0.589
Per 1K Jobs
0.39
Location Quotient
At 0.39x, Albuquerque, NM has a notably lower concentration of Industrial Production Managers jobs than the national average. Opportunities in this area are relatively scarce for this profession.
An Industrial Production Manager Location Quotient of 0.39 in Albuquerque signifies that the concentration of these jobs is less than half of the national average. This suggests that while opportunities exist, the market is not oversaturated, potentially offering a competitive edge for skilled professionals. It implies that employers might actively seek experienced candidates, and the demand, while not exceptionally high, is consistent.
Nearby Job Markets
Nearby Cities for Industrial Production Managers
| City | Salary | Dist. |
|---|---|---|
| Eastern New Mexico nonmetropolitan area Industrial Production Managers Salary | $140,840↑ 11% | 29 mi |
Comparing salaries near Albuquerque, NM
Hiring Industrial Production Managerss?
Frequently Asked Questions
How much does a Industrial Production Managers make in Albuquerque, NM?
The median annual salary for a Industrial Production Managers in Albuquerque, NM is $127,010. This typically ranges from $73,730 for entry-level positions to $202,330 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albuquerque, NM is 1.7% lower than the national median of $129,180.
Is Albuquerque, NM a lucrative place for Industrial Production Managers?
Yes, Albuquerque, NM offers a competitive salary for Industrial Production Managers.The average salary of $127,010 is very close to the national average, and the cost of living is exactly at the national average, making it a financially sound location.
Is Albuquerque, NM a good place to live for Industrial Production Managers?
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 ($140,840) and others.
How does Albuquerque's salary compare to the national average for Industrial Production Managers?
Industrial Production Managers in Albuquerque earn an average of $127,010 annually, which is slightly below the national average of $129,180.
What is the cost of living in Albuquerque, NM for Industrial Production Managers?
The cost of living in Albuquerque is exactly at the national average, with an index of 100, meaning your salary has the same purchasing power as it would nationally.
How concentrated is the job market for Industrial Production Managers in Albuquerque?
The job market is less concentrated than the national average, with a Location Quotient of 0.39, indicating fewer specialized roles relative to the national distribution.
What is the total number of Industrial Production Managers in Albuquerque?
There are approximately 240 Industrial Production Managers working 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 240 employees in the Albuquerque, NM area with a job density of 0.589 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Industrial Production Managers • Data source: BLS OEWS 2024 •Jobs in Albuquerque, NM