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Average Machinists Salary in Albuquerque, NM

Machinists in Albuquerque, New Mexico, earn an average annual salary of $57,460. This figure is slightly above the national average of $57,000, indicating a stable demand for skilled labor in the region. The local economic landscape and specific industry needs in Albuquerque contribute to this competitive compensation.

Executive Summary

  • Average Salary: $57,460 per year.
  • Growth Trend: Salaries have shifted 21.3% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $81,780.
  • Outlook: Albuquerque's machinist job market is characterized by a local workforce of 370 professionals. The Location Quotient of 0.48 suggests that while machinists are present, the concentration is below the national average, implying a potentially less saturated market. With 0.923 jobs per 1,000 workers, the demand, though not exceptionally high, is consistent within the local economy.
2024 Market Data

Salary Overview

$57,460

The average Machinists in Albuquerque, NM earns+0.8%above the national average.

BreakdownBased on 40h/week
Hourly

$27.6

Weekly

$1,105

Monthly

$4,788

Machinists Salary Distribution in Albuquerque, NM

The salary progression for machinists in Albuquerque typically scales with experience. Entry-level positions might start closer to the lower percentiles, while senior machinists with specialized skills and extensive experience can command salaries significantly higher than the average. The gap between entry-level and senior roles highlights clear opportunities for career advancement and increased earning potential within the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
ApprenticeLearning trade under supervision. Classroom + OJT.10% (Entry)$35,580$17.1
JourneymanLicensed/Certified. Works independently on standard tasks.25% (Junior)$43,095$20.7
Senior TechnicianHandles complex installations & troubleshooting.50% (Median)$52,990$25.5
Foreman / MasterSupervises crews, handles permits & code compliance.75% (Senior)$71,825$34.5
SuperintendentSite management, business owner, or master tradesman.90% (Expert)$81,780$39.3

Detailed Machinists Market Analysis

Relocation Context

Nominal Salary

$57,460

Gross Pay

Real Wage (Purchasing Power)

$57,460

Adjusted for COL (100)

With an average annual salary of $57,460 and a Cost of Living Index of 100, machinists in Albuquerque find their nominal earnings align precisely with the national average cost of living. This means that the purchasing power of their salary in Albuquerque is comparable to the national average, offering a stable financial footing without significant advantages or disadvantages related to living expenses.

Job Market Context

370

Total Jobs

0.923

Per 1K Jobs

0.48

Location Quotient

Low Concentration

At 0.48x, Albuquerque, NM has a notably lower concentration of Machinists jobs than the national average. Opportunities in this area are relatively scarce for this profession.

The Location Quotient of 0.48 for machinists in Albuquerque indicates that the profession is less concentrated locally compared to the national average. This suggests that while there is a dedicated workforce, the market may not be oversaturated, potentially offering good opportunities for skilled individuals seeking employment. Employers might need to actively recruit to fill specialized roles due to this lower concentration.

Nearby Job Markets

Nearby Cities for Machinists

CitySalaryDist.
Eastern New Mexico nonmetropolitan area Machinists Salary$57,300↓ 0%29 mi
Northern New Mexico nonmetropolitan area Machinists Salary$88,250↑ 54%29 mi

Comparing salaries near Albuquerque, NM

Hiring Machinistss?

Frequently Asked Questions

How much does a Machinists make in Albuquerque, NM?

The median annual salary for a Machinists in Albuquerque, NM is $57,460. This typically ranges from $35,580 for entry-level positions to $81,780 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Albuquerque, NM is 0.8% higher than the national median of $57,000.

Is Albuquerque, NM a lucrative place for Machinists?

Yes, Albuquerque, NM offers a competitive salary for Machinists.The average salary of $57,460 is slightly above the national average, and the cost of living is exactly at the national average, making it a financially stable location for the profession.

Is Albuquerque, NM a good place to live for Machinists?

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 ($57,300) and Northern New Mexico nonmetropolitan area.

How does Albuquerque's machinist salary compare to the national average?

The average machinist salary in Albuquerque, NM is $57,460, which is slightly higher than the national average of $57,000.

What is the cost of living for machinists in Albuquerque?

The cost of living in Albuquerque is exactly at the national average (100), meaning your salary has average purchasing power compared to the rest of the country.

Is there high demand for machinists in Albuquerque?

With a Location Quotient of 0.48, the concentration of machinists is below the national average, suggesting a potentially less competitive job market and steady demand for skilled professionals.

How many machinists are there in Albuquerque?

Albuquerque has a local workforce of approximately 370 machinists.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 370 employees in the Albuquerque, NM area with a job density of 0.923 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Machinists • Data source: BLS OEWS 2024 •Jobs in Albuquerque, NM