SalaryNode

Average Management Occupations Salary in New Mexico

Management Occupations in New Mexico command an average annual salary of $121,270, which is below the national average of $143,930. This difference can be attributed to various regional economic factors, including industry concentration and the overall demand for managerial expertise within the state's specific business landscape.

Executive Summary

  • Average Salary: $121,270 per year.
  • Growth Trend: Salaries have shifted 16.6% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $200,130.
  • Outlook: With a substantial local workforce of 47,450 individuals in Management Occupations, New Mexico demonstrates a significant presence in this sector. The location quotient of 0.77 suggests that while management roles are present, they are slightly less concentrated than the national average, indicating a potentially stable but not overly saturated job market for these professionals.
2024 Market Data

Salary Overview

$121,270

The average Management Occupations in New Mexico earns-15.7%below the national average.

BreakdownBased on 40h/week
Hourly

$58.3

Weekly

$2,332

Monthly

$10,106

Management Occupations Salary Distribution in New Mexico

Salary progression for Management Occupations in New Mexico typically scales significantly with experience. Entry-level positions might start at a lower percentile, while senior management roles, with their increased responsibilities and strategic oversight, can command salaries well into the upper percentiles. These percentile gaps are a clear indicator of the career advancement and earning potential available within the field.

Experience LevelMarket PercentileAnnual WageHourly Rate
Associate / AnalystData entry, reporting, supporting senior staff.10% (Entry)$57,420$27.6
Senior AnalystIndependent analysis, forecasting, client interaction.25% (Junior)$90,953$43.7
ManagerOversees team, compliance, and project delivery.50% (Median)$105,020$50.5
Director / VPStrategic planning, budget ownership, risk management.75% (Senior)$151,588$72.9
Executive / PartnerC-level leadership. High-level strategy & relations.90% (Expert)$200,130$96.2

Detailed Management Occupations Market Analysis

Relocation Context

Nominal Salary

$121,270

Gross Pay

Real Wage (Purchasing Power)

$135,346

Adjusted for COL (89.6)

The average annual salary of $121,270 in New Mexico presents a favorable financial picture when considering the local cost of living. With a Cost of Living Index of 89.6 (where 100 is the national average), residents benefit from a lower cost of living, meaning their nominal salary often translates to greater purchasing power compared to higher cost-of-living areas.

Job Market Context

47,450

Total Jobs

55.121

Per 1K Jobs

0.77

Location Quotient

Below Average

New Mexico has 0.77x 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.

The location quotient of 0.77 for Management Occupations in New Mexico indicates that the state has a slightly lower concentration of these roles relative to the national average. This suggests that while management positions are a vital part of the New Mexico economy, the job market may be less competitive than in regions with a higher quotient, potentially offering good opportunities for skilled professionals.

Nearby Job Markets

Nearby Cities for Management Occupations

CitySalaryDist.
Albuquerque, NM Management Occupations Salary$126,050↑ 4%29 mi
Santa Fe, NM Management Occupations Salary$114,360↓ 6%59 mi

Comparing salaries near New Mexico

Hiring Management Occupationss?

Frequently Asked Questions

How much does a Management Occupations make in New Mexico?

The median annual salary for a Management Occupations in New Mexico is $121,270. This typically ranges from $57,420 for entry-level positions to $200,130 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in New Mexico is 15.7% lower than the national median of $143,930.

Is New Mexico a lucrative place for Management Occupationss?

Yes, with a favorable cost of living.While the average salary is below the national benchmark, New Mexico's lower cost of living index of 89.6 enhances the purchasing power of the $121,270 average salary, making it financially advantageous.

Is New Mexico a good place to live for Management 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 ($126,050) and Santa Fe, NM.

How does New Mexico's average management salary compare to the national average?

The average annual salary for Management Occupations in New Mexico is $121,270, which is approximately $22,660 less than the national average of $143,930.

What is the concentration of Management Occupations in New Mexico?

New Mexico has a location quotient of 0.77 for Management Occupations, indicating that these roles are slightly less concentrated in the state compared to the national average.

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

With a Cost of Living Index of 89.6, New Mexico is more affordable than the national average. This means the $121,270 salary offers a higher effective purchasing power for residents.

What is the total workforce size for Management Occupations in New Mexico?

There are approximately 47,450 individuals employed in Management Occupations within New Mexico.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 47,450 employees in the New Mexico area with a job density of 55.121 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 New Mexico