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Average Parts Salespersons Salary in New Mexico

Parts Salespersons in New Mexico earn an average annual salary of $38,300, which is below the national average of $42,390. This difference is influenced by various regional economic factors, including the overall demand for automotive services and the cost of doing business within the state. New Mexico's specific market dynamics play a crucial role in shaping compensation for this profession.

Executive Summary

  • Average Salary: $38,300 per year.
  • Growth Trend: Salaries have shifted 15.7% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $54,700.
  • Outlook: The job market for Parts Salespersons in New Mexico appears moderately robust, with a total local workforce of 1,720 individuals. The Location Quotient of 1.17 suggests a slightly higher concentration of these roles compared to the national average, indicating a stable, albeit not booming, demand for skilled professionals in this sector within the state.
2024 Market Data

Salary Overview

$38,300

The average Parts Salespersons in New Mexico earns-9.6%below the national average.

BreakdownBased on 40h/week
Hourly

$18.4

Weekly

$737

Monthly

$3,192

Parts Salespersons Salary Distribution in New Mexico

Career progression for Parts Salespersons in New Mexico typically involves a salary increase with experience. Entry-level positions might start closer to the lower end of the pay scale, while seasoned professionals with extensive product knowledge and sales expertise can command significantly higher salaries, often reflected in the upper percentiles of the salary distribution.

Experience LevelMarket PercentileAnnual WageHourly Rate
SDR / BDRLead generation, prospecting, cold calling.10% (Entry)$29,050$14
Account ExecutiveClosing deals, managing small-mid market clients.25% (Junior)$28,725$13.8
Senior AEHandling enterprise clients and complex negotiations.50% (Median)$34,340$16.5
Sales ManagerManaging a team of reps, setting quotas & strategy.75% (Senior)$47,875$23
VP of SalesRevenue strategy, expansion, C-suite relationships.90% (Expert)$54,700$26.3

Detailed Parts Salespersons Market Analysis

Relocation Context

Nominal Salary

$38,300

Gross Pay

Real Wage (Purchasing Power)

$42,746

Adjusted for COL (89.6)

The nominal average salary of $38,300 in New Mexico is significantly bolstered by the local Cost of Living Index of 89.6, which is below the national average of 100. This means that the purchasing power of a Parts Salesperson's salary in New Mexico is effectively higher than the raw salary figure might suggest, allowing for a comfortable lifestyle relative to national benchmarks.

Job Market Context

1,720

Total Jobs

2.003

Per 1K Jobs

1.17

Location Quotient

Above Average

With a location quotient of 1.17, New Mexico has a slightly higher-than-average concentration of Parts Salespersons roles compared to the national norm.

With a Location Quotient of 1.17, New Mexico exhibits a slightly higher concentration of Parts Salespersons than the national average. This indicates a competitive market where employers may have a good pool of candidates, but also suggests a consistent demand for these specialized roles within the state's automotive and industrial sectors.

Nearby Job Markets

Nearby Cities for Parts Salespersons

CitySalaryDist.
Albuquerque, NM Parts Salespersons Salary$37,080↓ 3%29 mi
Santa Fe, NM Parts Salespersons Salary$48,780↑ 27%59 mi

Comparing salaries near New Mexico

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Frequently Asked Questions

How much does a Parts Salespersons make in New Mexico?

The median annual salary for a Parts Salespersons in New Mexico is $38,300. This typically ranges from $29,050 for entry-level positions to $54,700 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in New Mexico is 9.6% lower than the national median of $42,390.

Is New Mexico a lucrative place for Parts Salespersons?

No, but cost of living offers value.While the average salary of $38,300 is below the national average, New Mexico's lower cost of living means your earnings can go further. This makes the financial aspect more favorable than the nominal salary alone suggests.

Is New Mexico a good place to live for Parts Salespersons?

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 ($37,080) and Santa Fe, NM.

How does New Mexico's Parts Salesperson salary compare nationally?

The average annual salary for Parts Salespersons in New Mexico is $38,300, which is approximately $4,090 less than the national average of $42,390.

What is the concentration of Parts Salespersons in New Mexico?

New Mexico has a Location Quotient of 1.17 for Parts Salespersons, indicating a slightly higher concentration of these jobs compared to the national average.

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

With a Cost of Living Index of 89.6, New Mexico is more affordable than the national average, meaning the $38,300 salary offers greater purchasing power locally.

What is the total number of Parts Salespersons in New Mexico?

There are approximately 1,720 Parts Salespersons employed in 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 1,720 employees in the New Mexico area with a job density of 2.003 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

Semantic Salary Analysis for Parts Salespersons • Data source: BLS OEWS 2024 •Jobs in New Mexico