As of May 18, 2021, the average salary for a Contracts Administrator V in New Mexico is $130,366 per year, which breaks down to an hourly rate of $63.
However, a Contracts Administrator V's salary can vary significantly. Here’s a look at the typical salary range:
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Contracts Administrator V Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $136,698 | $11,392 | $2,629 | $66 |
| Average | $130,366 | $10,864 | $2,507 | $63 |
| 25th Percentile | $126,002 | $10,500 | $2,423 | $61 |
City of Farmington - Farmington, NM
Compa Industries Inc - Los Alamos, NM
Dynamic Healthcare Staffing, LLC - WASHINGTON, DC
Health Plan of San Mateo - SOUTH SAN FRANCISCO, CA
A Contracts Administrator V's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location and company size can directly affect your earning potential.
Experience is a primary driver of a Contracts Administrator V's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Contracts Administrator III | 4-7 years | $91,402 |
| Contracts Administrator IV | 7+ years | $106,371 |
| Contracts Administrator V | 7-10 years | $130,366 |
| Contracts Administration Supervisor | 10+ years | $87,524 |
| Contracts Administration Senior Supervisor | 10+ years | $107,429 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Contracts Administrator Vs. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
Understanding how a Contracts Administrator V's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $136,698 | $11,392 | $2,629 | $66 |
| Average | $130,366 | $10,864 | $2,507 | $63 |
| 25th Percentile | $126,002 | $10,500 | $2,423 | $61 |
For a Contracts Administrator V, the most direct path to higher earnings is advancing to the Contracts Administration Supervisor role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $87,524 - a projected growth of -33% over your current level.
Ready to take the next step in your career? Browse thousands of current Contracts Administrator V job openings on our job board. Use the search bar below to find your perfect match.
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