What is the average wage in New Mexico?
Data updated January 22, 2025
About $955 per week in November 2024, 1.4% higher than a year before. The average weekly wage, the typical earnings that employees bring home for one week of work, is a valuable indicator to assess economic conditions, labor market health, and wage trends. When accounting for the cost of living, New Mexico’s average weekly wage of $955 has the purchasing power of $1,057.
Showing data for
$954.938882954614
average weekly earnings, November 2024
1.4%
higher than a year before (adjusted for inflation)
The Bureau of Labor Statistics (BLS) releases monthly statistics tracking the wages of all employees who don’t work for the government. In November 2024, the average weekly wage in New Mexico was $955. That represents the wages of 701 thousand private-sector workers in the state.
As of November 2024, average weekly earnings for workers in New Mexico was lower than the US overall.
12-month rolling average of average weekly earnings, adjusted for inflation
As with other averages, most people earn more or less than the average weekly wage. Pay varies based on industry and occupation.
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In New Mexico, workers in the professional and business services sector had the highest average weekly earnings at $1,307 per week, as of September 2024. Leisure and hospitality workers had the lowest average weekly wage at $508.
In New Mexico, professional and business services workers had the highest average weekly wage.
Cost of living, which also varies based on location, impacts how far a person’s earnings can go. Someone earning the weekly average will have more or less purchasing power depending on location. In New Mexico, cost of living is lower than the US overall, and the state’s average weekly wage of $955 has purchasing power equal to $1,057.
New Mexico’s average weekly wage is below the national average, ranking 49th among states. When accounting for regional cost of living differences, New Mexico ranks 49th among states.
Accounting for cost of living, New Mexico had an average weekly wage of $1,057 in November 2024.
Average weekly wage, November 2024, adjusted with regional price parity (2023)
Among 4 metro areas at least partially located in New Mexico, the Farmington, NM area has the highest average weekly wage at $1,179, when accounting for the cost of living.
Among New Mexico metro areas, the Farmington, NM area had the highest wages, accounting for cost of living.
Average weekly wage, November 2024, adjusted with regional price parity (2023)
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Methodology
USAFacts standardizes data, in areas such as time and demographics, to make it easier to understand and compare.
The analysis was generated with the help of AI and reviewed by USAFacts for accuracy.
Page sources
USAFacts endeavors to share the most up-to-date information available. We sourced the data on this page directly from government agencies; however, the intervals at which agencies publish updated data vary.
U.S. Bureau of Economic Analysis
Regional Data
US Bureau of Labor Statistics
Labor Force Statistics from the Current Population Survey
