Compensation and Benefits Managers Salary
Compensation and Benefits Managers in New Mexico make a median of $124,390 a year, or about $59.8 an hour. The range runs from $74K at the entry level to $249K for experienced workers. Cost of living is below average (RPP 93.06), which stretches that salary to about $133,666 in buying power. Rent on a 2-bedroom averages $1,119/month, or 14.8% of estimated take-home pay.
Statewide average. This is an aggregate across all of New Mexico. BLS does not publish metro-level data for this occupation in this state.
So what does $124K get you in New Mexico?
About compensation and benefits managers
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What this looks like in New Mexico
Pay for compensation and benefits managers in New Mexico runs about 17% below the U.S. median of $149K. Housing is manageable: a 2-bedroom at the HUD median costs $1,119/month, 14.8% of take-home, well inside the 30% guideline. 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. Lower pay, lower costs, New Mexico can be a reasonable trade-off for compensation and benefits managerss who value affordability over top-dollar markets.
Compensation breakdown
Annual earnings by percentile, New Mexico
Entry-level compensation and benefits managers (10th percentile) start around $74K. Mid-career wages sit at $124K. Top earners bring in $249K or more, a $175K spread from bottom to top.
Compare to other states
Track compensation and benefits managers 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 compensation and benefits manager afford a 2BR apartment alone in New Mexico?
Yes — at the median salary of $124K, rent takes 14.8% 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 compensation and benefits managers in New Mexico?
The 10th-percentile wage — what new compensation and benefits managers typically earn — is $74K/year. Take-home on that works out to about $4,442/month. At HUD’s $1,119/month FMR, rent would take 25% of that take-home — manageable on an entry-level income.
Is compensation and benefits manager a high-paying job in New Mexico?
Local pay runs 17% below the national median — $124K here vs. $149K nationally. Cost of living is 7% below the national average, which narrows that gap in real purchasing power.
How does New Mexico compare to the national average for compensation and benefits managers?
New Mexico pays $124K median vs. the U.S. average of $149K — that’s -17%. After adjusting for local cost of living (RPP 93.06), the purchasing-power equivalent is $134K — below the national median.
How much do compensation and benefits managers make in New Mexico?
The median is $124,390 a year, that works out to about $60 an hour. But the range is wide: entry-level workers start around $74,040, and experienced compensation and benefits managers can clear $248,930. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $124K enough to live in New Mexico?
On that salary, you'd take home roughly $7,556/month after taxes. A 2-bedroom here rents for about $1,119/month, which eats 14.8% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a compensation and benefits managers 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 compensation and benefits managers salary is worth about $133,666 in national-average purchasing power.
Where do compensation and benefits managers 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.