Financial Managers Salary
Financial Managers in New Mexico make a median of $133,700 a year, or about $64.28 an hour. The range runs from $91K at the entry level to $216K for experienced workers. Cost of living is below average (RPP 93.06), which stretches that salary to about $143,671 in buying power. Rent on a 2-bedroom averages $1,119/month, or 13.8% 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 $134K get you in New Mexico?
About financial managers
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What this looks like in New Mexico
Pay for financial managers in New Mexico runs about 20% below the U.S. median of $167K. Housing is manageable: a 2-bedroom at the HUD median costs $1,119/month, 13.9% 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 financial managerss who value affordability over top-dollar markets.
Compensation breakdown
Annual earnings by percentile, New Mexico
Entry-level financial managers (10th percentile) start around $91K. Mid-career wages sit at $134K. Top earners bring in $216K or more, a $126K spread from bottom to top.
Financial Managers salary by metro in New Mexico
4 metro areas with BLS data, ranked by median pay
| Metro area | Median salary | vs. state | Employment |
|---|---|---|---|
| Albuquerque | $140K | +5% | 1,430 |
| Santa Fe | $126K | -5% | 300 |
| Farmington | $126K | -6% | 90 |
| Las Cruces | $118K | -12% | 160 |
Compare to other states
Track financial 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 financial manager afford a 2BR apartment alone in New Mexico?
Yes — at the median salary of $134K, rent takes 13.9% 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 financial managers in New Mexico?
The 10th-percentile wage — what new financial managers typically earn — is $91K/year. Take-home on that works out to about $5,445/month. At HUD’s $1,119/month FMR, rent would take 21% of that take-home — manageable on an entry-level income.
Is financial manager a high-paying job in New Mexico?
Local pay runs 20% below the national median — $134K here vs. $167K 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 financial managers?
New Mexico pays $134K median vs. the U.S. average of $167K — that’s -20%. After adjusting for local cost of living (RPP 93.06), the purchasing-power equivalent is $144K — below the national median.
How much do financial managers make in New Mexico?
The median is $133,700 a year, that works out to about $64 an hour. But the range is wide: entry-level workers start around $90,750, and experienced financial managers can clear $216,360. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $134K enough to live in New Mexico?
On that salary, you'd take home roughly $8,048/month after taxes. A 2-bedroom here rents for about $1,119/month, which eats 13.9% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a financial 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 financial managers salary is worth about $143,671 in national-average purchasing power.
Where do financial 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.