Average Nurse Practitioners Salary in Albuquerque, NM
Nurse Practitioners in Albuquerque, New Mexico, command an impressive average annual salary of $133,640. This figure slightly surpasses the national average of $131,710, indicating a strong local demand for these skilled healthcare professionals. The competitive compensation reflects the specialized skills and critical role Nurse Practitioners play in patient care within the Albuquerque metropolitan area.
Executive Summary
- Average Salary: $133,640 per year.
- Growth Trend: Salaries have shifted 22.6% ↗ over the last 5 years.
- Top Earners: Senior professionals (90th percentile) earn up to $194,160.
- Outlook: With a local workforce of 1,000 Nurse Practitioners and a Location Quotient of 1.26, Albuquerque demonstrates a concentration of these professionals that is 26% higher than the national average. This suggests a robust and potentially growing job market, with demand likely exceeding the national trend, making it an attractive location for the profession.
Salary Overview
The average Nurse Practitioners in Albuquerque, NM earns+1.5%above the national average.
$64.3
$2,570
$11,137
Nurse Practitioners Salary Trends (2020-2024)
While specific historical data is not provided, it is reasonable to assume that Nurse Practitioner salaries in Albuquerque, mirroring national trends, have experienced consistent growth over the past four years. Factors such as increasing healthcare needs, advancements in medical practice, and a growing demand for advanced practice providers typically drive upward salary adjustments in this field.
Nurse Practitioners Salary Distribution in Albuquerque, NM
Salary progression for Nurse Practitioners in Albuquerque typically scales significantly with experience. Entry-level positions may start at a lower percentile, while seasoned professionals with extensive clinical experience and specialized certifications can command salaries in the upper percentiles. These percentile gaps clearly signify robust career progression opportunities and increased earning potential as expertise grows.
| Experience Level | Market Percentile | Annual Wage | Hourly Rate |
|---|---|---|---|
| Resident / New GradClinical rotation complete. Gaining floor experience. | 10% (Entry) | $43,960 | $21.1 |
| Staff ClinicianFull patient caseload. Proficient in core procedures. | 25% (Junior) | $100,230 | $48.2 |
| Charge / SeniorShift lead. Precepts new hires. Specialized certification. | 50% (Median) | $138,440 | $66.6 |
| SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases. | 75% (Senior) | $167,050 | $80.3 |
| Director / LeadDepartment head or Advanced Practice Provider. | 90% (Expert) | $194,160 | $93.3 |
Detailed Nurse Practitioners Market Analysis
Relocation Context
Nominal Salary
$133,640
Gross Pay
Real Wage (Purchasing Power)
$133,640
Adjusted for COL (100)
The average annual salary of $133,640 in Albuquerque aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of a Nurse Practitioner's salary in Albuquerque is equivalent to the national standard, offering a stable financial environment without the pressure of significantly higher or lower living expenses.
Job Market Context
1,000
Total Jobs
2.502
Per 1K Jobs
1.26
Location Quotient
With a location quotient of 1.26, Albuquerque, NM has a slightly higher-than-average concentration of Nurse Practitioners roles compared to the national norm.
Albuquerque's Location Quotient of 1.26 signifies a notable concentration of Nurse Practitioners compared to the national average. This suggests that the job market here is not only stable but potentially more competitive or abundant in opportunities for these professionals than in many other regions across the United States.
Nearby Job Markets
Nearby Cities for Nurse Practitioners
| City | Salary | Dist. |
|---|---|---|
| Eastern New Mexico nonmetropolitan area Nurse Practitioners Salary | $143,140↑ 7% | 29 mi |
| Northern New Mexico nonmetropolitan area Nurse Practitioners Salary | $145,800↑ 9% | 29 mi |
| Santa Fe, NM Nurse Practitioners Salary | $138,440↑ 4% | 54 mi |
Comparing salaries near Albuquerque, NM
Hiring Nurse Practitionerss?
Frequently Asked Questions
How much does a Nurse Practitioners make in Albuquerque, NM?
The median annual salary for a Nurse Practitioners in Albuquerque, NM is $133,640. This typically ranges from $43,960 for entry-level positions to $194,160 for top-level roles.
How does the salary compare to the national average?
The average salary for this role in Albuquerque, NM is 1.5% higher than the national median of $131,710.
Is Albuquerque, NM a lucrative place for Nurse Practitioners?
Yes, Albuquerque, NM is a lucrative place for Nurse Practitioners.Nurse Practitioners in Albuquerque earn slightly above the national average salary, and crucially, this is achieved while maintaining a cost of living that is exactly at the national average, maximizing real income.
Is Albuquerque, NM a good place to live for Nurse Practitioners?
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 ($143,140) and Northern New Mexico nonmetropolitan area.
What is the average salary for a Nurse Practitioner in Albuquerque, NM?
The average annual salary for a Nurse Practitioner in Albuquerque, NM is $133,640.
How does Albuquerque's Nurse Practitioner salary compare to the national average?
Nurse Practitioners in Albuquerque earn an average of $133,640 annually, which is slightly higher than the national average of $131,710.
Is the job market for Nurse Practitioners strong in Albuquerque?
Yes, with a Location Quotient of 1.26, Albuquerque has a higher concentration of Nurse Practitioners than the national average, indicating a strong job market.
How does the cost of living in Albuquerque affect a Nurse Practitioner's salary?
Albuquerque's cost of living is at the national average (100), meaning the $133,640 salary offers purchasing power equivalent to the national standard, making it financially stable.
Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 1,000 employees in the Albuquerque, NM area with a job density of 2.502 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.
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Semantic Salary Analysis for Nurse Practitioners • Data source: BLS OEWS 2024 •Jobs in Albuquerque, NM