As of May 18, 2021, the average annual salary for Economic Development in New Mexico is $72,478, equivalent to $35 per hour, $1,394 weekly, or $6,040 monthly. These figures, sourced from Salary.com’s real-time job posting scans, highlight competitive earning potential for Economic Development in cities like Santa Clara, San Jose, and Fremont.
Annually Salaries for Economic Development in New Mexico vary widely, spanning from $58,718 to $81,167. Most professionals fall between the 25th percentile ($65,275) and 75th percentile ($77,026), while top earners (90th percentile) make $81,167 per year. This $11,751 pay gap underscores opportunities for salary growth through certifications, specialized skills like Analysis or Forecasting, or targeting high-paying regions like District of Columbia or California.
Location and experience significantly influence earnings. For example, New Mexico Economic Development often earn 7.8% lower than national averages due to demand from Fortune 34 companies. However, New Mexico currently ranks 45 nationwide for Economic Development job salary. Professionals are advised to focus on high-growth sectors like to offset market challenges.
