Average Management Occupations Salary in Northern New Mexico nonmetropolitan area
Management Occupations in the Northern New Mexico nonmetropolitan area command an average annual salary of $124,520. This figure is notably below the national average of $143,930, a difference often influenced by regional economic factors and industry concentration. While lower than the national benchmark, this salary reflects the specific demands and opportunities within this unique geographic area.
Executive Summary
- Average Salary: $124,520 per year.
- Growth Trend: Salaries have shifted 31.8% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $224,650.
- Outlook: With a local workforce of 4,170 individuals in Management Occupations, the job market in Northern New Mexico presents a stable, albeit specialized, landscape. The location quotient of 0.71 suggests a slightly lower concentration of these roles compared to the national average, indicating a potentially less saturated but more targeted demand for management talent within the region's specific industries.
Salary Overview
The average Management Occupations in Northern New Mexico nonmetropolitan area earns-13.5%below the national average.
$59.9
$2,395
$10,377
Management Occupations Salary Trends (2020-2024)
While specific historical data for this nonmetropolitan area is not provided, it is generally assumed that salaries for Management Occupations have seen consistent growth over the past four years, mirroring broader economic trends. This upward trajectory is typically driven by inflation, increased demand for skilled leadership, and evolving business needs, suggesting a positive outlook for earning potential in this sector.
Management Occupations Salary Distribution in Northern New Mexico nonmetropolitan area
Salary progression for Management Occupations is strongly tied to experience and demonstrated leadership capabilities. Entry-level positions typically fall within the lower percentiles, while senior management roles, characterized by extensive experience and strategic oversight, command salaries in the upper percentiles. The widening gap between entry-level and senior salaries signifies substantial career growth opportunities and increased earning potential as professionals advance.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Associate / AnalystData entry, reporting, supporting senior staff. | 10% (Entry) | $56,230 | $27 |
| Senior AnalystIndependent analysis, forecasting, client interaction. | 25% (Junior) | $93,390 | $44.9 |
| ManagerOversees team, compliance, and project delivery. | 50% (Median) | $104,300 | $50.1 |
| Director / VPStrategic planning, budget ownership, risk management. | 75% (Senior) | $155,650 | $74.8 |
| Executive / PartnerC-level leadership. High-level strategy & relations. | 90% (Expert) | $224,650 | $108 |
Detailed Management Occupations Market Analysis
Relocation Context
Nominal Salary
$124,520
Gross Pay
Real Wage (Purchasing Power)
$124,520
Adjusted for COL (100)
The average annual salary of $124,520 in Northern New Mexico aligns perfectly with the national average cost of living index of 100. This means that the purchasing power of a management professional's salary in this region is equivalent to that of someone earning the national average in a similarly priced area, offering a stable financial foundation for residents.
Job Market Context
4,170
Total Jobs
50.277
Per 1K Jobs
0.71
Location Quotient
Northern New Mexico nonmetropolitan area has 0.71x 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 0.71 for Management Occupations in Northern New Mexico indicates that these roles are slightly less concentrated than the national average. This suggests that while management positions are present and necessary for the local economy, the market may be less competitive than in major metropolitan hubs, potentially offering unique opportunities for skilled professionals seeking to establish or advance their careers in the region.
Nearby Job Markets
Nearby Cities for Management Occupations
| City | Salary | Dist. |
|---|---|---|
| Albuquerque, NM Management Occupations Salary | $126,050↑ 1% | 29 mi |
| Santa Fe, NM Management Occupations Salary | $114,360↓ 8% | 59 mi |
Comparing salaries near Northern New Mexico nonmetropolitan area
Hiring Management Occupationss?
Frequently Asked Questions
How much does a Management Occupations make in Northern New Mexico nonmetropolitan area?
The median annual salary for a Management Occupations in Northern New Mexico nonmetropolitan area is $124,520. This typically ranges from $56,230 for entry-level positions to $224,650 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Northern New Mexico nonmetropolitan area is 13.5% lower than the national median of $143,930.
Is Northern New Mexico nonmetropolitan area a lucrative place for Management Occupationss?
No, it is not as lucrative as the national average.The average salary of $124,520 is below the national average of $143,930, indicating lower earning potential in this specific region. However, the cost of living is also at the national average, suggesting a balanced financial standing.
Is Northern New Mexico nonmetropolitan area a good place to live for Management Occupations?
The Cost of Living Index in Northern New Mexico nonmetropolitan area is 100. While higher than average, this often correlates with higher wages.
Where are the highest paying cities near Northern New Mexico nonmetropolitan area?
Some top paying nearby cities include Albuquerque, NM ($126,050) and Santa Fe, NM.
How does the number of management jobs compare to the national average?
With 50.277 jobs per 1,000 workers, the density of management occupations in Northern New Mexico is slightly below the national average, reflecting a more specialized regional job market.
What is the total number of management professionals in the area?
The Northern New Mexico nonmetropolitan area employs approximately 4,170 individuals in Management Occupations, forming a significant portion of the local professional workforce.
Does the cost of living affect the perceived value of the salary?
No, the cost of living in Northern New Mexico is exactly at the national average (100), meaning the $124,520 salary offers purchasing power equivalent to the national average salary in a national-average cost-of-living area.
What does a location quotient of 0.71 mean for management jobs?
A location quotient of 0.71 signifies that management occupations are less concentrated in Northern New Mexico compared to the national average, suggesting a potentially less crowded but more niche job market.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 4,170 employees in the Northern New Mexico nonmetropolitan area area with a job density of 50.277 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Management Occupations • Data source: BLS OEWS 2024 •Jobs in Northern New Mexico nonmetropolitan area