How to Become a Economists in New Mexico
Economists in New Mexico earn a median salary of $82,490/year, which is 29% below the national average. New Mexico has a state income tax of ~3.7%. After taxes and rent, a economists takes home approximately $3,869/month. Most positions require Bachelor's degree.
What a economists can afford in New Mexico
Becoming a economists in New Mexico
Meet education requirements
Economists positions in New Mexico typically require Bachelor's degree. Programs are available at colleges and training institutions across New Mexico. Research accredited programs in your area.
Gain required experience
Many economists positions in New Mexico require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain New Mexico licensure or certification
New Mexico may require specific licensing or professional certification for economistss. Requirements vary by state — contact the New Mexico Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in New Mexico
New Mexico has an active job market for economists. The highest concentrations are in Albuquerque.
Economists salary by metro area in New Mexico
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Albuquerque | $94K | $45.02/hr | 30 |
Economists salary range in New Mexico
Economists careers in other states
Frequently asked questions
How much does a economists make in New Mexico?▼
The median economists salary in New Mexico is $82,490 per year ($39.66/hr). This is 29% below the national median of $115,440. Salaries range from $62,590 to $126,890.
What are the requirements to become a economists in New Mexico?▼
Economists positions in New Mexico typically require Bachelor's degree. New Mexico may have specific licensing or certification requirements. Check with the New Mexico licensing board or department of labor for current requirements.
Can a economists afford to live in New Mexico?▼
At the median salary of $82,490, a economists in New Mexico would take home approximately $5,281/month after taxes. With median 2-bedroom rent at $1,412/month, that's 26.7% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for economists in New Mexico?▼
The highest paying metro areas for economists in New Mexico are Albuquerque ($93,640). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does New Mexico have state income tax for economists?▼
Yes, New Mexico has a state income tax rate of approximately 3.7%. On a $82,490 salary, this means roughly $3,047/year in state income tax. Use our take-home pay calculator for a detailed breakdown.