Carpenters Salary
Carpenters in New Mexico make a median of $59,720 a year, or about $28.71 an hour. The range runs from $40K at the entry level to $78K for experienced workers. Cost of living is below average (RPP 93.06), which stretches that salary to about $64,174 in buying power. Rent on a 2-bedroom averages $1,119/month, or 28.5% of estimated take-home pay.
Statewide average. Salary and cost of living vary significantly across New Mexico. Jump to a metro for precise data:
So what does $60K get you in New Mexico?
About carpenters
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What this looks like in New Mexico
Carpenters pay in New Mexico tracks closely to the national median, $60K locally vs. $61K nationwide, a 1% difference. Rent runs $1,119/month for a 2-bedroom (HUD FMR), taking 27.9% of the median take-home. That's within the 30% rule, though not by much. Regional Price Parity sits at 93.06 (national = 100), meaning everyday costs run about 7% cheaper here. Your dollar stretches further than the headline salary suggests. Pay and costs are both near average, leaving limited margin for savings at the median wage.
Compensation breakdown
Annual earnings by percentile, New Mexico
Entry-level carpenters (10th percentile) start around $40K. Mid-career wages sit at $60K. Top earners bring in $78K or more, a $38K spread from bottom to top.
Carpenters salary by metro in New Mexico
4 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Albuquerque | $60K | +1% | 1,940 |
| Farmington | $60K | +0% | 390 |
| Santa Fe | $59K | -1% | 210 |
| Las Cruces | $57K | -5% | 250 |
Compare to other states
Track carpenters salary changes
BLS updates this data quarterly. We'll email you when New Mexico numbers change.
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Frequently asked questions
Can a carpenter afford a 2BR apartment alone in New Mexico?
Yes — at the median salary of $60K, rent takes 27.9% of take-home pay. A 2-bedroom at the HUD Fair Market Rent runs $1,119/month. That stays under the 30% guideline most financial planners use.
What’s the entry-level salary for carpenters in New Mexico?
The 10th-percentile wage — what new carpenters typically earn — is $40K/year. Take-home on that works out to about $2,406/month. At HUD’s $1,119/month FMR, rent would take 47% of that take-home — above the 30% guideline, so a 1-bedroom or shared housing is likely necessary starting out.
Is carpenter a high-paying job in New Mexico?
Pay here is roughly in line with the national average — $60K locally vs. $61K nationally, a 1% difference.
How does New Mexico compare to the national average for carpenters?
New Mexico pays $60K median vs. the U.S. average of $61K — that’s -1%. After adjusting for local cost of living (RPP 93.06), the purchasing-power equivalent is $64K — still ahead of the national median.
How much do carpenters make in New Mexico?
The median is $59,720 a year, that works out to about $29 an hour. But the range is wide: entry-level workers start around $40,100, and experienced carpenters can clear $77,790. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $60K enough to live in New Mexico?
On that salary, you'd take home roughly $4,008/month after taxes. A 2-bedroom here rents for about $1,119/month, which eats 27.9% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a carpenters salary go in New Mexico?
New Mexico has a Regional Price Parity of 93.06 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median carpenters salary is worth about $64,174 in national-average purchasing power.
Where do carpenters get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.