Business & Finance New Mexico (NM) Rank #29 of 50

Accountant Salary in New Mexico

The median accountant salary in New Mexico is $74,288 per year, which is 7% below the national median of $79,880.

Median Salary
$74,288
vs National
$-5,592
State Rank
#29 of 50
Cost of Living
93%

Accountant Salary Overview in New Mexico (2026)

New Mexico ranks #29 out of 50 states for accountant compensation. Accountant salaries in New Mexico are below the national median, though the lower cost of living can offset the difference. At $74,288 per year, accountants in New Mexico earn $5,592 less than the national median of $79,880.

A key advantage of working in New Mexico is its below-average cost of living (93% of the national index). This means the $74,288 salary has the purchasing power of roughly $79,880 in an average-cost area.

The salary spread in New Mexico is significant: accountants at the 10th percentile earn $46,872, while those at the 90th percentile bring home $123,504 — a $76,632 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in New Mexico for this role is Santa Fe, where the median reaches $87,868.

Nationally, accountant employment is projected to grow 4% over the next decade (as fast as average). This steady growth indicates stable demand for accountants across the country.

Accountant Salary in New Mexico by Experience

In New Mexico, an entry-level accountant earns around $48,360, while experienced professionals earn up to $111,600 per year. The cost of living index in New Mexico is 93% of the national average.

Entry Level (0-2 yrs)
$48,360
$-3,640 vs national
Mid Level (3-7 yrs)
$74,400
$-5,600 vs national
Senior Level (8+ yrs)
$111,600
$-8,400 vs national

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Salary Percentiles in New Mexico

Percentile NM Salary
10th Percentile $46,872
25th Percentile $58,311
Median (50th) $74,288
75th Percentile $95,232
90th Percentile $123,504

Accountant Salary by City in New Mexico

The largest employment areas for accountants in New Mexico include Albuquerque, Las Cruces, Rio Rancho, and Santa Fe. Salaries vary by city based on local cost of living and demand.

How to Become a Accountant in New Mexico

Education

Most accountant positions require a bachelor's degree. New Mexico has several accredited institutions offering relevant programs.

Key Skills

GAAPTax PreparationFinancial AnalysisQuickBooksExcelAuditing

Job Outlook in New Mexico

Nationally, accountant employment is projected to grow 4% over the next decade (as fast as average). New Mexico's demand may vary based on local industry trends.

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Frequently Asked Questions: Accountant Salary in New Mexico

How much does a Accountant make in New Mexico? ▼
The median accountant salary in New Mexico is $74,288 per year, which is 7% below the national median of $79,880. Salaries range from $46,872 (10th percentile) to $123,504 (90th percentile).
How much does a Accountant make per hour in New Mexico? ▼
Based on the median annual salary of $74,288, a accountant in New Mexico earns approximately $36 per hour assuming a standard 2,080-hour work year.
Is New Mexico a good state for accountants? ▼
New Mexico ranks #29 out of 50 states for accountant pay. The cost of living index is 93% of the national average. Entry-level accountants earn $48,360, while senior professionals earn $111,600.
How does New Mexico compare to other states for accountant salary? ▼
The highest paying state for accountants is Hawaii at $135,796. New Mexico's median of $74,288 ranks #29 nationally. Nearby-ranked states include North Carolina ($75,886) and Idaho ($75,087).
What is the entry-level accountant salary in New Mexico? ▼
An entry-level accountant in New Mexico earns approximately $48,360 per year. With 3-7 years of experience, pay increases to around $74,400. Senior-level professionals with 8+ years earn up to $111,600.
What city in New Mexico pays accountants the most? ▼
Santa Fe is the highest paying city in New Mexico for accountants, with a median salary of $87,868. Other cities include Albuquerque and Las Cruces.