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Average Light Truck Drivers Salary in Farmington, NM

Light Truck Drivers in Farmington, NM, earn an average annual salary of $40,880. This figure is notably below the national average of $47,920, suggesting that local market dynamics and potentially lower demand contribute to this compensation difference. The specific economic landscape of Farmington influences the pay scale for this essential role.

Executive Summary

  • Average Salary: $40,880 per year.
  • Growth Trend: Salaries have shifted 9.6% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $53,390.
  • Outlook: With a local workforce of 280 Light Truck Drivers and a Location Quotient of 0.93, Farmington, NM, presents a job market that closely mirrors the national average in terms of concentration. The presence of 6.027 jobs per 1,000 workers indicates a steady, albeit not exceptionally high, demand for these professionals within the region.
2024 Market Data

Salary Overview

$40,880

The average Light Truck Drivers in Farmington, NM earns-14.7%below the national average.

BreakdownBased on 40h/week
Hourly

$19.7

Weekly

$786

Monthly

$3,407

Light Truck Drivers Salary Distribution in Farmington, NM

Salary progression for Light Truck Drivers in Farmington, NM, typically correlates with experience. Entry-level positions may start at the lower end of the pay scale, while seasoned professionals with extensive experience and specialized skills can command significantly higher salaries. The percentile gaps in earnings clearly signify career advancement opportunities and the value placed on expertise.

Experience LevelMarket PercentileAnnual WageHourly Rate
ApprenticeLearning trade under supervision. Classroom + OJT.10% (Entry)$30,040$14.4
JourneymanLicensed/Certified. Works independently on standard tasks.25% (Junior)$30,660$14.7
Senior TechnicianHandles complex installations & troubleshooting.50% (Median)$41,410$19.9
Foreman / MasterSupervises crews, handles permits & code compliance.75% (Senior)$51,100$24.6
SuperintendentSite management, business owner, or master tradesman.90% (Expert)$53,390$25.7

Detailed Light Truck Drivers Market Analysis

Relocation Context

Nominal Salary

$40,880

Gross Pay

Real Wage (Purchasing Power)

$40,880

Adjusted for COL (100)

The average annual salary of $40,880 in Farmington, NM, aligns precisely with the national average Cost of Living Index of 100. This means that while the nominal salary is lower than the national average, the purchasing power of that salary locally is on par with the national standard, offering a balanced financial outlook for residents.

Job Market Context

280

Total Jobs

6.027

Per 1K Jobs

0.93

Location Quotient

Below Average

Farmington, NM has 0.93x the national average concentration of Light 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 0.93 indicates that Farmington, NM, has a slightly lower concentration of Light Truck Drivers compared to the national average. This suggests that while the profession is present and necessary, the market is not oversaturated, potentially offering stable employment opportunities without intense competition for roles.

Nearby Job Markets

Hiring Light Truck Driverss?

Frequently Asked Questions

How much does a Light Truck Drivers make in Farmington, NM?

The median annual salary for a Light Truck Drivers in Farmington, NM is $40,880. This typically ranges from $30,040 for entry-level positions to $53,390 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Farmington, NM is 14.7% lower than the national median of $47,920.

Is Farmington, NM a lucrative place for Light Truck Drivers?

No, not particularly lucrative compared to the national average.The average salary of $40,880 is below the national average, though the cost of living is also at the national average, making the purchasing power comparable.

Is Farmington, NM a good place to live for Light Truck Drivers?

The Cost of Living Index in Farmington, NM is 100. While higher than average, this often correlates with higher wages.

How does the Farmington, NM salary compare to the national average?

The average salary for Light Truck Drivers in Farmington, NM, is $40,880, which is lower than the national average of $47,920.

What is the concentration of Light Truck Drivers in Farmington, NM?

Farmington, NM, has a Location Quotient of 0.93 for Light Truck Drivers, indicating a concentration slightly below the national average.

How does the cost of living in Farmington, NM affect the salary?

With a Cost of Living Index of 100, Farmington's cost of living is average. This means the $40,880 salary has average purchasing power locally.

What is the total workforce of Light Truck Drivers in Farmington, NM?

There are approximately 280 Light Truck Drivers employed in Farmington, NM.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 280 employees in the Farmington, NM area with a job density of 6.027 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Light Truck Drivers • Data source: BLS OEWS 2024 •Jobs in Farmington, NM