SalaryNode

Average Life, Physical, and Social Science Occupations Salary in New Mexico

Professionals in Life, Physical, and Social Science Occupations in New Mexico earn an average annual salary of $89,180. This figure is slightly below the national average of $91,840, a difference often influenced by regional economic factors and the specific industry demands within the state. New Mexico's unique economic landscape and its concentration of specialized research and development sectors play a significant role in shaping compensation for these vital roles.

Executive Summary

  • Average Salary: $89,180 per year.
  • Growth Trend: Salaries have shifted 4.9% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $158,850.
  • Outlook: The job market for Life, Physical, and Social Science Occupations in New Mexico appears robust, with a total local workforce of 10,500 individuals. The location quotient of 1.3 indicates a higher concentration of these roles compared to the national average, suggesting a strong and potentially growing demand for skilled professionals in this sector within the state.
2024 Market Data

Salary Overview

$89,180

The average Life, Physical, and Social Science Occupations in New Mexico earns-2.9%below the national average.

BreakdownBased on 40h/week
Hourly

$42.9

Weekly

$1,715

Monthly

$7,432

Life, Physical, and Social Science Occupations Salary Distribution in New Mexico

Career progression within Life, Physical, and Social Science Occupations in New Mexico typically leads to significant salary increases. Entry-level positions might start at a lower percentile, but with accumulated experience and specialized skills, professionals can advance to senior roles commanding higher salaries. The percentile gaps between early-career and seasoned experts highlight the substantial earning potential and career trajectory available in this field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Junior / AssociateEntry level. Focus on learning core skills & codebase.10% (Entry)$44,090$21.2
Engineer IProficient contributor. Handles tasks independently.25% (Junior)$66,885$32.2
Senior EngineerSystem design, complex problem solving, mentoring.50% (Median)$76,470$36.8
Lead / StaffTechnical strategy, architecture, cross-team impact.75% (Senior)$111,475$53.6
Principal / ArchitectIndustry expert. Driving technical vision & innovation.90% (Expert)$158,850$76.4

Detailed Life, Physical, and Social Science Occupations Market Analysis

Relocation Context

Nominal Salary

$89,180

Gross Pay

Real Wage (Purchasing Power)

$99,531

Adjusted for COL (89.6)

The average annual salary of $89,180 in New Mexico for Life, Physical, and Social Science Occupations is particularly advantageous when considering the local cost of living. With an index of 89.6 (compared to the national average of 100), New Mexico offers a significantly lower cost of living, meaning that the nominal salary translates to greater purchasing power and a higher real income for professionals residing in the state.

Job Market Context

10,500

Total Jobs

12.192

Per 1K Jobs

1.3

Location Quotient

Above Average

With a location quotient of 1.30, New Mexico has a slightly higher-than-average concentration of Life, Physical, and Social Science Occupations roles compared to the national norm.

A location quotient of 1.3 for Life, Physical, and Social Science Occupations signifies that New Mexico has a proportionally larger presence of these jobs than the national average. This suggests a competitive yet abundant job market, where specialized talent is valued and sought after, potentially offering more opportunities for career advancement and specialized roles compared to less concentrated regions.

Nearby Job Markets

Nearby Cities for Life, Physical, and Social Science Occupations

CitySalaryDist.
Albuquerque, NM Life, Physical, and Social Science Occupations Salary$91,620↑ 3%29 mi
Santa Fe, NM Life, Physical, and Social Science Occupations Salary$80,000↓ 10%59 mi

Comparing salaries near New Mexico

Hiring Life, Physical, and Social Science Occupationss?

Frequently Asked Questions

How much does a Life, Physical, and Social Science Occupations make in New Mexico?

The median annual salary for a Life, Physical, and Social Science Occupations in New Mexico is $89,180. This typically ranges from $44,090 for entry-level positions to $158,850 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in New Mexico is 2.9% lower than the national median of $91,840.

Is New Mexico a lucrative place for Life, Physical, and Social Science Occupations?

Yes, especially considering the cost of living.While the average salary is slightly below the national average, New Mexico's lower cost of living index of 89.6 significantly enhances the purchasing power of the $89,180 annual salary, making it financially advantageous.

Is New Mexico a good place to live for Life, Physical, and Social Science Occupations?

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 ($91,620) and Santa Fe, NM.

How does New Mexico's concentration of Life, Physical, and Social Science jobs compare nationally?

New Mexico has a higher concentration of these jobs, indicated by a location quotient of 1.3, meaning there are proportionally more such positions available in the state than the national average.

What is the total number of workers in Life, Physical, and Social Science Occupations in New Mexico?

There are approximately 10,500 individuals employed in Life, Physical, and Social Science Occupations within New Mexico.

How does the cost of living in New Mexico affect the salary for these roles?

The cost of living in New Mexico is 4.4% lower than the national average, making the $89,180 salary go further and providing a higher real income for professionals.

Are there good career growth opportunities for Life, Physical, and Social Science professionals in New Mexico?

Yes, the location quotient suggests a strong market presence, and typical career progression from entry-level to senior roles offers significant salary scaling and advancement potential.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 10,500 employees in the New Mexico area with a job density of 12.192 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Life, Physical, and Social Science Occupations • Data source: BLS OEWS 2024 •Jobs in New Mexico