Economists Pay Range in New Mexico
Pay distribution across experience levels
- 10th Percentile — Entry Level$66,788
- 25th Percentile — Junior$96,831
- 50th Percentile — Median$109,754
- 75th Percentile — Senior$164,428
- 90th Percentile — Top Earners$192,734
Half of Economists in New Mexico earn more than $109,754. The top 10% make $192,734 or more, while entry-level workers start around $66,788.
Economists in New Mexico: Key Facts
Source: BLS national data adjusted for cost of living
- New Mexico ranks 23rd of 51 states for Economists pay, at $125,074 per year (12.0% below the U.S. average of $142,130).
- 120 people work as Economists in New Mexico — 0.7% of all U.S. Economists jobs.
- Location quotient 1.20: Economists jobs are more concentrated in New Mexico than in the U.S. overall.
- Pay range: the lowest-paid 10% earn under $66,788; the top 10% earn over $192,734.
- Hourly equivalent: $60.13 per hour (2,080 hours/year).
- The highest-paying state is District of Columbia at $175,100.
- Among science jobs in New Mexico, Physicists pays the most ($176,680).
Economists Job Market in New Mexico
Key factors affecting compensation
New Mexico's key industries are Government, Energy, Tourism, and its job market is rated moderate. Economists here earn $125,074 on average, placing the state 23rd nationally.
With a cost-of-living index of 0.88 (U.S. = 1.00), a New Mexico salary of $125,074 is roughly equivalent to $142,130 at the national average cost of living.
Compared with nearby states in the pay ranking, Georgia ($131,680), North Dakota ($130,760), Alabama ($127,060) are the closest alternatives for Economists weighing a move.
U.S. Bureau of Labor Statistics · Occupational Employment and Wage Statistics (OES) · May 2025
Other Science Jobs in New Mexico
Related career salary benchmarks
- Physicists $176,680/yr New Mexico +41.3% vs this role
- Chemists $128,630/yr New Mexico +2.8% vs this role
- Biochemists and Biophysicists $114,259/yr New Mexico 8.6% vs this role
- Atmospheric and Space Scientists $112,920/yr New Mexico 9.7% vs this role
- Materials Scientists $111,038/yr New Mexico 11.2% vs this role
- Hydrologists $105,700/yr New Mexico 15.5% vs this role
- Sociologists $101,130/yr New Mexico 19.1% vs this role
- Geoscientists $94,290/yr New Mexico 24.6% vs this role
Frequently Asked Questions
Common questions about this salary
What is the average Economists salary in New Mexico?
The average Economists salary in New Mexico is $125,074 per year (median $109,754), which is 12.0% below the national average of $142,130.
How does New Mexico rank for Economists pay?
New Mexico ranks 23rd out of 51 states. The highest-paying state is District of Columbia ($175,100/yr).
How much do entry-level Economists make in New Mexico?
The lowest-paid 10% of Economists in New Mexico earn about $66,788 per year and the 25th percentile is $96,831.
How much do Economists make per hour in New Mexico?
About $60.13 per hour, based on the $125,074 annual average and 2,080 working hours per year.
How many Economists work in New Mexico?
BLS counts 120 Economists jobs in New Mexico (OEWS May 2025).
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