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Average Registered Nurses Salary in Farmington, NM

Registered Nurses in Farmington, NM, can expect an average annual salary of $86,600. This figure is notably below the national average of $97,850, suggesting that local market dynamics and potentially regional demand influence compensation levels. Factors such as the specific healthcare needs of the community and the overall economic landscape of New Mexico likely contribute to this pay differential.

Executive Summary

  • Average Salary: $86,600 per year.
  • Growth Trend: Salaries have shifted 16.6% ↗ over the last 5 years.
  • Top Earners: Senior professionals (90th percentile) earn up to $113,880.
  • Outlook: Farmington, NM, supports a local workforce of 780 Registered Nurses, with 16.85 jobs per 1,000 workers. The location quotient of 0.79 indicates a slightly lower concentration of RNs compared to the national average. While not exceptionally high, this suggests a stable, albeit not rapidly expanding, demand for nursing professionals within the region.
2024 Market Data

Salary Overview

$86,600

The average Registered Nurses in Farmington, NM earns-11.5%below the national average.

BreakdownBased on 40h/week
Hourly

$41.6

Weekly

$1,665

Monthly

$7,217

Registered Nurses Salary Distribution in Farmington, NM

Salary progression for Registered Nurses in Farmington, NM, typically scales with experience. Entry-level positions will command lower salaries, while seasoned RNs with specialized skills and extensive experience can expect to earn significantly more. The gap between the 25th percentile (entry-level) and the 75th or 90th percentile (senior/specialized) salaries clearly signifies opportunities for career advancement and increased earning potential.

Experience LevelMarket PercentileAnnual WageHourly Rate
Resident / New GradClinical rotation complete. Gaining floor experience.10% (Entry)$63,280$30.4
Staff ClinicianFull patient caseload. Proficient in core procedures.25% (Junior)$64,950$31.2
Charge / SeniorShift lead. Precepts new hires. Specialized certification.50% (Median)$81,530$39.2
SpecialistAdvanced degree/cert (e.g., ICU, OR). High acuity cases.75% (Senior)$108,250$52
Director / LeadDepartment head or Advanced Practice Provider.90% (Expert)$113,880$54.8

Detailed Registered Nurses Market Analysis

Relocation Context

Nominal Salary

$86,600

Gross Pay

Real Wage (Purchasing Power)

$86,600

Adjusted for COL (100)

The average annual salary of $86,600 in Farmington, NM, aligns perfectly with the local Cost of Living Index of 100, which is the national average. This means that the purchasing power of an RN's salary in Farmington is equivalent to the national average, making it neither exceptionally advantageous nor disadvantageous from a cost-of-living perspective.

Job Market Context

780

Total Jobs

16.847

Per 1K Jobs

0.79

Location Quotient

Below Average

Farmington, NM has 0.79x the national average concentration of Registered Nurses jobs. This means there are fewer opportunities per capita here compared to the U.S. average — competition for roles may be higher.

With a Location Quotient of 0.79, Farmington, NM, has a slightly lower concentration of Registered Nurses relative to the national average. This suggests that while nursing is a vital profession in the area, the market may not be oversaturated, potentially offering a balanced environment for job seekers. It indicates a steady demand without an overwhelming surplus of professionals.

Nearby Job Markets

Hiring Registered Nursess?

Frequently Asked Questions

How much does a Registered Nurses make in Farmington, NM?

The median annual salary for a Registered Nurses in Farmington, NM is $86,600. This typically ranges from $63,280 for entry-level positions to $113,880 for top-level roles.

How does the salary compare to the national average?

The average salary for this role in Farmington, NM is 11.5% lower than the national median of $97,850.

Is Farmington, NM a lucrative place for Registered Nurses?

No, not exceptionally lucrative compared to the national average.While the cost of living is average, the average RN salary of $86,600 is below the national average of $97,850, indicating less lucrative earning potential in this specific location.

Is Farmington, NM a good place to live for Registered Nurses?

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 a Registered Nurse in Farmington, NM?

The average annual salary for a Registered Nurse in Farmington, NM, is $86,600.

How does Farmington's RN salary compare to the national average?

The average RN salary in Farmington, NM ($86,600) is lower than the national average of $97,850.

What is the cost of living in Farmington, NM for RNs?

The cost of living in Farmington, NM, is at the national average (index of 100), meaning your salary's purchasing power is comparable to the national standard.

Is there high demand for Registered Nurses in Farmington, NM?

With 16.85 jobs per 1,000 workers and a location quotient of 0.79, there is a stable demand for Registered Nurses, though the concentration is slightly below the national average.

Methodology: Salary data is derived from the Bureau of Labor Statistics (BLS) OEWS 2024 release. Figures represent gross pay before taxes. Analysis includes 780 employees in the Farmington, NM area with a job density of 16.847 per 1,000 jobs. Cost of Living data is estimated based on state and metro averages.

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