Average Salary in New Mexico
Wages, household income and cost-of-living context for New Mexico. All figures from federal releases, vintage 2024.
- Mean annual wage$60,290Rank #33 of 51
- Median annual wage$45,870Rank #42 of 51
- Median household income$67,816ACS 2024 1-year
- Regional price parity92.2US = 100
- Adjusted mean wage$65,390Rank #30 at national prices
- Total employment860,880Wage & salary workers
What the numbers say
The mean of $60,290 is $14,420 (31.4 %) above the median of $45,870, reflecting a right-skewed wage distribution pulled up by high earners.
Prices in New Mexico are about 7.8 % below the national average (RPP 92.2, where US = 100). After the adjustment, every dollar earned in New Mexico buys what $65,390 would buy at national average prices.
Median household income in New Mexico is $67,816 (Census ACS 2024). That figure counts all income to all people in a household — two-earner couples, Social Security, self-employment earnings — and is not directly comparable to the per-worker wage figures above.
Pay for common occupations in New Mexico
Annual mean wage, cross-industry. Blank rows indicate BLS suppression for this state/occupation cell.
| Occupation | SOC | Mean wage |
|---|---|---|
| Lawyer | 23-1011 | $135,860 |
| Pharmacist | 29-1051 | $135,670 |
| Mechanical Engineer | 17-2141 | $135,530 |
| Marketing Manager | 11-2021 | $131,080 |
| Software Developer | 15-1252 | $120,080 |
| Project Management Specialist | 13-1082 | $114,270 |
| Civil Engineer | 17-2051 | $108,000 |
| Registered Nurse | 29-1141 | $94,360 |
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