Average Salary in New Mexico
Average wage, unemployment, and how New Mexico ranks — from official BLS data.
The average worker in New Mexico earns about $64,220 a year across all industries — about $3,307 below the national average. Roughly 867,405 jobs are covered in the state.
How it works
The average annual wage for New Mexico is the BLS QCEW average weekly wage across all covered industries, annualized (2026 Q1). The unemployment rate is the seasonally adjusted state figure from BLS LAUS. These are averages — a typical (median) worker usually earns less than the average, which is pulled up by high earners.
Good to know
- Average wage is employer-reported and covers ~95% of US jobs; it runs higher than the median.
- Weigh New Mexico's wage against its cost of living and rent before comparing states.
- Figures refresh as BLS releases new quarters.
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Frequently Asked Questions
What is the average salary in New Mexico?
The average annual wage in New Mexico is about $64,220, based on the BLS Quarterly Census of Employment and Wages (2026 Q1) — the average across all covered industries.
What is the average hourly wage in New Mexico?
About $30.88 per hour, assuming a 40-hour week (2,080 hours a year) — that's $1,235 a week or $5,352 a month. Part-time and overtime patterns shift the true hourly figure for any individual job.
What is a good salary in New Mexico?
Anything above the state's average wage of $64,220 exceeds what the average job in New Mexico pays — and since averages are pulled up by top earners, the typical (median) worker earns somewhat less than that. What counts as comfortable also depends heavily on local housing costs, so weigh the figure against your rent or mortgage.
What is the unemployment rate in New Mexico?
New Mexico's seasonally adjusted unemployment rate is 4.8% (BLS Local Area Unemployment Statistics).
How does New Mexico rank for pay?
New Mexico ranks #46 of 51 states (and DC) by average wage.