Construction & Real Estate New Mexico (NM) Rank #28 of 50

Property Manager Salary in New Mexico

The median property manager salary in New Mexico is $56,423 per year, which is 7% below the national median of $60,670.

Median Salary
$56,423
vs National
$-4,247
State Rank
#28 of 50
Cost of Living
93%

Property Manager Salary Overview in New Mexico (2026)

New Mexico ranks #28 out of 50 states for property manager compensation. Property Manager salaries in New Mexico are below the national median, though the lower cost of living can offset the difference. At $56,423 per year, property managers in New Mexico earn $4,247 less than the national median of $60,670.

A key advantage of working in New Mexico is its below-average cost of living (93% of the national index). This means the $56,423 salary has the purchasing power of roughly $60,670 in an average-cost area.

The salary spread in New Mexico is significant: property managers at the 10th percentile earn $31,620, while those at the 90th percentile bring home $104,160 — a $72,540 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 $66,737.

Nationally, property manager employment is projected to grow 3% over the next decade (as fast as average). This steady growth indicates stable demand for property managers across the country.

Property Manager Salary in New Mexico by Experience

In New Mexico, an entry-level property manager earns around $35,340, while experienced professionals earn up to $97,650 per year. The cost of living index in New Mexico is 93% of the national average.

Entry Level (0-2 yrs)
$35,340
$-2,660 vs national
Mid Level (3-7 yrs)
$57,660
$-4,340 vs national
Senior Level (8+ yrs)
$97,650
$-7,350 vs national

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Salary Percentiles in New Mexico

Percentile NM Salary
10th Percentile $31,620
25th Percentile $40,920
Median (50th) $56,423
75th Percentile $79,050
90th Percentile $104,160

Property Manager Salary by City in New Mexico

The largest employment areas for property managers 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 Property Manager in New Mexico

Education

Most property manager positions require a high school diploma. New Mexico has several accredited institutions offering relevant programs.

Key Skills

Property ManagementTenant RelationsBudgetingMaintenance CoordinationLease ManagementCustomer Service

Job Outlook in New Mexico

Nationally, property manager employment is projected to grow 3% 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: Property Manager Salary in New Mexico

How much does a Property Manager make in New Mexico? ▼
The median property manager salary in New Mexico is $56,423 per year, which is 7% below the national median of $60,670. Salaries range from $31,620 (10th percentile) to $104,160 (90th percentile).
How much does a Property Manager make per hour in New Mexico? ▼
Based on the median annual salary of $56,423, a property manager in New Mexico earns approximately $27 per hour assuming a standard 2,080-hour work year.
Is New Mexico a good state for property managers? ▼
New Mexico ranks #28 out of 50 states for property manager pay. The cost of living index is 93% of the national average. Entry-level property managers earn $35,340, while senior professionals earn $97,650.
How does New Mexico compare to other states for property manager salary? ▼
The highest paying state for property managers is Hawaii at $103,139. New Mexico's median of $56,423 ranks #28 nationally. Nearby-ranked states include Idaho ($57,030) and Georgia ($56,423).
What is the entry-level property manager salary in New Mexico? ▼
An entry-level property manager in New Mexico earns approximately $35,340 per year. With 3-7 years of experience, pay increases to around $57,660. Senior-level professionals with 8+ years earn up to $97,650.
What city in New Mexico pays property managers the most? ▼
Santa Fe is the highest paying city in New Mexico for property managers, with a median salary of $66,737. Other cities include Albuquerque and Las Cruces.