Economist Salary in New Mexico
The median economist salary in New Mexico is $105,964 per year, which is 7% below the national median of $113,940.
Economist Salary Overview in New Mexico (2026)
New Mexico ranks #29 out of 50 states for economist compensation. Economist salaries in New Mexico are below the national median, though the lower cost of living can offset the difference. At $105,964 per year, economists in New Mexico earn $7,976 less than the national median of $113,940.
A key advantage of working in New Mexico is its below-average cost of living (93% of the national index). This means the $105,964 salary has the purchasing power of roughly $113,940 in an average-cost area.
The salary spread in New Mexico is significant: economists at the 10th percentile earn $57,660, while those at the 90th percentile bring home $184,140 — a $126,480 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 $125,334.
Nationally, economist employment is projected to grow 6% over the next decade (faster than average). This steady growth indicates stable demand for economists across the country.
Economist Salary in New Mexico by Experience
In New Mexico, an entry-level economist earns around $60,450, while experienced professionals earn up to $172,050 per year. The cost of living index in New Mexico is 93% of the national average.
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View Offers You Qualify For →Salary Percentiles in New Mexico
| Percentile | NM Salary |
|---|---|
| 10th Percentile | $57,660 |
| 25th Percentile | $76,260 |
| Median (50th) | $105,964 |
| 75th Percentile | $144,150 |
| 90th Percentile | $184,140 |
Economist Salary by City in New Mexico
The largest employment areas for economists 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 Economist in New Mexico
Education
Most economist positions require a master's degree. New Mexico has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in New Mexico
Nationally, economist employment is projected to grow 6% over the next decade (faster than average). New Mexico's demand may vary based on local industry trends.
Negotiate Your Way to Senior Pay
Data shows Economists who negotiate earn 7–15% more. A single negotiation could add $66,086 over your career trajectory.
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