Registered Nurses in the state of New Mexico earn an average annual salary of $75,700 per year (or $36.40 per hour) as of May 2020, according to the U.S. Bureau of Labor Statistics. 80% of New Mexico RNs earn between $55,810 and $98,230.
On average, RNs in New Mexico earn about 6% less than the national average salary for nurses, at $80,010 (or $38.47 per hour).
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The cost of living in a region can impact what nurses tend to earn working in those areas. With a Cost of Living Index of 89.3 in 2020, nurses in New Mexico can expect lower prices for food, housing, and transportation compared to other states. So, it’s understandable that their earnings would also be lower than the national average.
|State||Avg. RN Salary||Avg. RN Salary (adjusted for COL)|
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Average RN Salary In New Mexico Cities
New Mexico RN salaries vary quite a bit across the state. But, the highest-paying regions for RNs are in the Santa Fe area with average RN salaries at around $77,830. The Albuquerque metropolitan is second at $76,740. RNs located in the Farmington area can expect to earn a similar salary of about $74,260.
|Metro Area||RNs Employed||Avg. RN Salary|
|Las Cruces, NM||1,330||$73,870|
|Santa Fe, NM||840||$77,830|
Average RN salary vs similar healthcare professions in New Mexico
At a $75,700 average annual salary, RNs in New Mexico tend to earn less than other types of healthcare workers. Across all these professions, “Nurse Practitioners” and “Physical Therapists” workers in New Mexico earn the most at an average salary ranging between $98,580-$117,050 according to the BLS.
Here’s how a sample of these other types of healthcare professions compare to RN salaries in New Mexico:
|Profession||# Employed||Avg. Salary|
|LPNs / LVNs||1,900||$50,480|
Job outlook for Registered Nurses in New Mexico
About 17,100 RNs reside in the state of New Mexico. These jobs are still projected to increase by about 11.3% from 2018 to 2028 – an increase of almost 2,080 new RNs in the state in the coming years.