SalaryNode

Average Management Occupations Salary in Farmington, NM

Management Occupations in Farmington, NM, command an average annual salary of $112,810. This figure is notably below the national average of $143,930, reflecting regional economic factors and potentially a different industry focus within the management sector in this specific locale.

Executive Summary

  • Average Salary: $112,810 per year.
  • Growth Trend: Salaries have shifted 15.3% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $170,050.
  • Outlook: Farmington, NM, hosts a local workforce of 2,230 individuals in Management Occupations. With a location quotient of 0.68, this sector is less concentrated than the national average, suggesting a moderate but not dominant presence. The 48.392 jobs per 1,000 workers indicates a steady, albeit not exceptionally high, demand for managerial talent within the local economy.
2024 Market Data

Salary Overview

$112,810

The average Management Occupations in Farmington, NM earns-21.6%below the national average.

BreakdownBased on 40h/week
Hourly

$54.2

Weekly

$2,169

Monthly

$9,401

Management Occupations Salary Distribution in Farmington, NM

Salaries for Management Occupations in Farmington, NM, naturally scale with experience. Entry-level positions will likely fall below the average, while senior executives and highly specialized managers can command significantly higher compensation packages. The percentile gaps between these levels signify clear career progression pathways and the increasing value placed on seasoned leadership.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$55,640$26.8
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$84,608$40.7
ManagerOversees team, compliance, and project delivery.50% (Median)$101,910$49
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$141,013$67.8
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$170,050$81.8

Detailed Management Occupations Market Analysis

Relocation Context

Nominal Salary

$112,810

Gross Pay

Real Wage (Purchasing Power)

$112,810

Adjusted for COL (100)

The average annual salary of $112,810 in Farmington, NM, aligns precisely with the national average cost of living (100). This means that while the nominal salary is lower than the national average for this occupation, the purchasing power of that salary is equivalent to the national average, offering a stable financial standing for residents.

Job Market Context

2,230

Total Jobs

48.392

Per 1K Jobs

0.68

Location Quotient

Below Average

Farmington, NM has 0.68x the national average concentration of Management Occupations 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 0.68 indicates that Management Occupations are less prevalent in Farmington, NM, compared to the national average. This suggests that the job market may be less saturated, potentially offering opportunities for skilled professionals, but also implying that the overall demand might be more niche or specialized within the local economic landscape.

Nearby Job Markets

Hiring Management Occupationss?

Frequently Asked Questions

How much does a Management Occupations make in Farmington, NM?

The median annual salary for a Management Occupations in Farmington, NM is $112,810. This typically ranges from $55,640 for entry-level positions to $170,050 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Farmington, NM is 21.6% lower than the national median of $143,930.

Is Farmington, NM a lucrative place for Management Occupationss?

No, not exceptionally lucrative compared to national averages.While the average salary of $112,810 is substantial, it falls below the national average of $143,930 for Management Occupations. However, the cost of living being at the national average means the salary's purchasing power is comparable.

Is Farmington, NM a good place to live for Management Occupations?

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

What is the average salary for Management Occupations in Farmington, NM?

The average annual salary for Management Occupations in Farmington, NM is $112,810.

How does Farmington's cost of living compare to the national average?

Farmington, NM has a cost of living index of 100, which is exactly the national average.

Is there high demand for Management Occupations in Farmington, NM?

The demand is moderate, with 48.392 jobs per 1,000 workers and a location quotient of 0.68, indicating a presence that is less concentrated than the national average.

How does the local salary compare to the national average for this role?

The average salary in Farmington, NM ($112,810) is lower than the national average ($143,930) for Management Occupations.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 2,230 employees in the Farmington, NM area with a job density of 48.392 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Management Occupations • Data source: BLS OEWS 2024 •Jobs in Farmington, NM