New Mexico Employment Statistics

  • 60,174 employers
  • 821,849 employees
  • $868 average weekly wage
  • The average weekly wage is 21.2% below the national average
  • The cost of living is 7.2% below the national average

Types of Employers (Private Sector vs Government Agency)

As an employer in New Mexico, you are most likely to be running a private company rather than a government agency. 93.2% of employers run private companies in the state, 3.8% less than the national average of 97.0. The remaining 6.8% of employers are government agencies: 1.4% work in a federal agency, 2.0% work for the state and 3.4% work for local government. The chart below illustrates the breakout of employers by type.
78.5% of employees work for a private company. This is 6.7% below the national average of 85.2%. Local government agencies employ 12.3% of the workers in the state, state government agencies employ 5.7% of the workers and the federal government employs 3.5%. The percentage of employees working for a government agency (21.5%) is 6.7% higher than the national average. The chart below illustrates the breakout of employees by type of employer.
The average weekly wage in New Mexico is $868 per week, which is 21.2% greater than the national average of $1,101 per week. New Mexico workers that are employed by private businesses earn $842 per week, 23.5% lower than the national average for private company employees. Employees of federal government agencies in New Mexico earn $1,500 per week, a premium of 78.1% compared to what employees of private companies earn. The chart below illustrates the average weekly by type of employer.


Leading Sectors

Businesses by Sector

The sector with the greatest number of businesses in the state is Healthcare with 15.5% of the businesses in the state. Professional services (11.7%) and Retail trade (10.3%) round out the top 3 sectors.
Table: Sectors by # of Businesses
Sector# Businesses% of Bus.
Healthcare9,32015.5%
Professional services7,06111.7%
Retail trade6,19910.3%
Construction5,3268.9%
Accommodation and food services4,3217.2%
Other services4,0626.8%
Waste services3,2115.3%
Finance and insurance2,8224.7%
Wholesale trade2,7614.6%
Real estate and rental2,4644.1%
Manufacturing1,7662.9%
Transport and warehousing1,5082.5%
Mining and oil extraction1,1321.9%
Information9821.6%
Educational services8891.5%
Agriculture and forestry8721.4%
Arts and entertainment7801.3%
Company management3610.6%
Utilities2710.5%


Employees by Sector

The sector with the greatest number of employees in the state is Healthcare with 14.5% of the employees in the state. Retail trade (11.1%) and Accommodation and food services (10.7%) round out the top 3 sectors.
Table: Sectors by # of Employees
Sector# Employees% of Emp'
Healthcare119,09914.5%
Retail trade91,36211.1%
Accommodation and food services87,70910.7%
Professional services57,1817.0%
Construction47,2525.7%
Waste services43,8955.3%
Manufacturing27,1473.3%
Mining and oil extraction24,5703.0%
Finance and insurance22,6922.8%
Wholesale trade21,0302.6%
Other services20,9402.5%
Transport and warehousing19,2522.3%
Information12,0111.5%
Agriculture and forestry11,2661.4%
Real estate and rental10,2581.2%
Arts and entertainment10,0071.2%
Educational services9,4241.1%
Company management5,6430.7%
Utilities4,3130.5%


Average Weekly Wage by Sector

The sector that pays their employees the highest is Professional services paying $1,556per week compared with the state average of $842. Utilities ($1,549) and Mining and oil extraction ($1,531) round out the top 3 sectors.
Table: Wages by Sector
SectorWkly Wagevs St Avg.
Professional services$1,556184.8%
Utilities$1,549184.0%
Mining and oil extraction$1,531181.8%
Company management$1,314156.1%
Finance and insurance$1,215144.3%
Wholesale trade$1,064126.4%
Information$1,023121.5%
Manufacturing$1,022121.4%
Transport and warehousing$970115.2%
Construction$948112.6%
Healthcare$80495.5%
Real estate and rental$77291.7%
Educational services$75890.0%
Waste services$69983.0%
Other services$66178.5%
Agriculture and forestry$59971.1%
Retail trade$56767.3%
Arts and entertainment$43651.8%
Accommodation and food services$35041.6%


Leading Industries

Businesses by Industry

Each broad sector is made up of specific industries. In New Mexico. the industry with the most businesses is Services for the elderly and disabled with 7.3% of the businesses in the state (with 4,413 employing 19,250 workers). Restaurants and other eating places (5.3%) and Computer systems design and related services (2.2%) round out the top 3 industries. The Top 10 Industries in the state are:
Industry# BusinessesEmp/Biz
Services for the elderly and disabled4,4134.4
Restaurants and other eating places3,21821.3
Computer systems design and related services1,3244.0
Offices of lawyers1,1624.3
Residential building construction1,0894.4
Offices of physicians1,06711.6
Support activities for mining87619.0
Accounting and bookkeeping services8614.3
Insurance agencies and brokerages8083.8
Management consulting services7903.0


Employees by Industry

The industry with the greatest number of employees in the state is Restaurants and other eating places with 8.3% of the businesses in the state. The industry employs 68,461 in 3,218 businesses, there are 21.3 employees on average in each of these businesses. Research and development in the physical engineering and life sciences (3.0%) and General medical and surgical hospitals (2.7%) round out the top 3 industries.
Table: Industries by # of Employees
Industry# EmpEmp/Biz
Restaurants and other eating places68,46121.3
Research and development in the physical engineering and life sciences24,41199.6
General medical and surgical hospitals21,890390.9
Services for the elderly and disabled19,2504.4
Support activities for mining16,67219.0
General merchandise stores including warehouse clubs and supercenters16,24540.0
Hotels and motels except casino hotels13,85720.7
Home health care services13,67161.3
Supermarkets and other grocery stores13,38856.5
Offices of physicians12,35511.6


Average Weekly Wage by Industry

The industry that pays their employees the most is Other financial vehicles, paying $7,680 compared with the state average of $842. Portfolio management ($5,684) and Investment banking and securities dealing ($4,233) round out the top 3 industries.
Table: Wages by Industry
IndustryWkly Wage% of Avg
Other financial vehicles$7,680912.1
Portfolio management$5,684675.1
Investment banking and securities dealing$4,233502.7
Other publishers$2,320275.5
Computer and peripheral equipment mfg.$2,316275.1
Software publishers$2,203261.6
Securities brokerage$2,181259.0
Ophthalmic goods merchant wholesalers$2,169257.6
Crude petroleum extraction$2,156256.1
Pipeline transportation of natural gas$2,156256.1


Company Size

New Mexico Businesses by Size

The solopreneur company, has the most businesses in New Mexico by far. 61.0% of all businesses in the state have fewer than 5 employees. The 52,999 small businesses in the state represent 96.0% of all private businesses. The national average is 92.6%. (Small businesses have fewer than 50 employees, Solopreneurs employ fewer than 5.) The pie chart below illustrates the ratio of business sizes.

New Mexico Employees by Business Size

The largest companies in the state represent 82.3% of all employees, which is 56.2% lower than the national average of 138.4%. Smallest companies also employ a lower percentage of the states workforce than the largest companies. The solopreneur (those that employ fewer than 5) companies employ 90.6% of all workers, which is 0.9% lower than the national average of 91.5%. All small companies, those employing fewer than 50 people, represent 585.1% of the labor force in the state, 35.0% more than the national average of 550.0%.

New Mexico Avg Weekly Wages by Business Size

New Mexico workers in every size business are paid less than the national average. The smallest companies in New Mexico (those with fewer than 5 employees) pay workers 19.2% less than the national average ($818 per week as compared to the national average of $975 per week). The largest companies in New Mexico (those with more than 1,000 employees) pay 11.4% workers below the national average ($1,689 per week as compared to the national average of $1,882 per week).



Data Sources




About the Writer

This page was created and is maintained by Kurt Tietjen, Founder of Stavera, High Peak Media & HomeGearWorks.com. Kurt is an executive, data scientist and software engineer who holds an MBA in Management Information Systems. In 2010, he partnered with scientists at Northwestern University to launch The Street Wire. This was one of the first mainstream uses of what would become “Narrative Science”, an artificial intelligence platform specializing in natural language generation. You can contact Kurt on LinkedIn here.