Average RN Salary in New Mexico: See How Much NM Nurses Make
New Mexico stands out as one of the nation’s most diverse states, offering an exceptional environment for nurses to cultivate and apply their cultural competence skills. This comprehensive manual on RN salary and programs in New Mexico equips you with the essential information required to effectively negotiate an optimal salary.
Wondering about the potential earnings as a registered nurse in New Mexico? This guide on registered nurse salary in New Mexico provides not only the figures but also the contextual insights necessary for a comprehensive understanding of nursing salaries in New Mexico. Continue reading to delve into details about typical pay ranges, regions boasting the highest RN salaries in New Mexico, and insightful comparisons with other roles in the nursing profession.
Average RN Salary in New Mexico: $77,590 (Ranks 21st among all states)
Hourly New Mexico RN Salary: $37.31
Projected New Mexico RN Employment Growth (2018-2028): 11.3%
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Source:BLS, Projections Central
Overview of RN Salaries in New Mexico
In New Mexico, the mean salary for registered nurses (RNs) stands at $77,590, reflecting an average hourly wage of $37.31. This figure presents a favorable comparison to the national median RN salary, which is $77,600.
Breaking down the salary distribution, half of all registered nurse salaries in New Mexico fall within the range of $63,480 to $79,740. At the upper echelon, the top 10% of RN salaries in the state reach $98,660 or beyond. It’s noteworthy that in many regions of New Mexico, a lower cost of living in New Mexico enhances the value of these salaries in terms of purchasing power.
New Mexico RN Salary Range
| Percentile | Average Annual RN Salary | Average Hourly RN Salary |
|---|---|---|
| 10% | $60,320 | $29.00 |
| 25% | $63,480 | $30.52 |
| 50% (Median) | $78,340 | $37.66 |
| 75% | $79,740 | $38.34 |
| 90% | $98,660 | $47.44 |
Source:BLS
Cost of Living Adjustments for Nurses
When evaluating a job offer that involves relocation, factoring in the cost of living in New Mexico is crucial for a meaningful comparison with your current salary or other job offers. The national cost of living index serves as a baseline, with a value of 100 representing the average national cost of standard goods and services such as housing, transportation, and food.
In the case of nursing in New Mexico, the state’s cost of living index is 91.6, indicating that an RN salary in New Mexico holds a purchasing power 8.4% greater than the national average.
Adjusting for the cost of living index, the average registered nurse salary in New Mexico effectively equates to $84,108. This positioning elevates it to the 11th-highest RN salary among all states, showcasing the enhanced value and financial advantages of practicing as a registered nurse in the state.
Average RN Salary Adjusted for Cost of Living: $84,108 (Ranks 11th among all states)
Cost of Living Index (RPP): 91.6 (8.4% less than the U.S. average)
Average RN Salary in New Mexico: See How Much NM Nurses Make
Top Paying Cities for Registered Nurses in New Mexico
New Mexico stands out as one of the most culturally diverse states in the nation, offering a unique blend of Native American, Hispanic, and European cultures throughout its landscape. This cultural richness is evident across the state, providing a vibrant backdrop for residents and visitors alike. In particular, the Albuquerque metropolitan area, with a population of approximately 900,000, holds the distinction of being the largest city in New Mexico. Not only is it a cultural hub, but it also hosts some of the state’s largest hospitals and health systems.
Santa Fe, renowned for its fine arts and captivating natural scenery that has inspired countless artists, offers a distinct cultural experience. While the city of Farmington has a significant reliance on the petroleum industry, it also boasts a place on the Trails of the Ancients scenic byway, showcasing its historical and scenic appeal. Las Cruces, the second-largest city in New Mexico, is notable for being home to New Mexico State University and significant entities like Virgin Galactic and Spaceport America, contributing to the city’s diverse and dynamic character.
Highest-Paying Cities for RNs in New Mexico
| City | Average RN Salary |
|---|---|
| Albuquerque, NM | $79,570 |
| Santa Fe, NM | $79,350 |
| Farmington, NM | $73,900 |
| Las Cruces, NM | $70,860 |
Source:BLS
Comparison of Nursing Roles and Salaries in New Mexico
For individuals working as nursing assistants or licensed practical nurses/licensed vocational nurses, a significant boost in salary is attainable by advancing to the role of a registered nurse (RN). Moreover, if you are already an RN, further opportunities for increased earnings open up by pursuing advanced practice roles.
For those aspiring to elevate their nursing career, options include becoming a nurse midwife, nurse practitioner, or nurse anesthetist. This can be achieved through obtaining a master of science in nursing degree This can be achieved through obtaining a Master of Science in Nursing degree. Alternatively, for a more comprehensive educational journey, individuals can pursue additional education in a Doctor of Nursing Practice program. These advanced degrees not only expand your knowledge and skills but also position you for higher-paying and specialized roles within the nursing profession.
| Nursing Role | Average Salary |
|---|---|
| Nursing Assistants | $31,620 |
| LPN/LVNs | $56,040 |
| Nurse Midwives | $107,600 |
| Nurse Practitioners | $118,480 |
| Nurse Anesthetists | $164,900 |
Source: BLS
Conclusion
In conclusion, knowing the average RN salary in New Mexico is important for both current and future nurses. Registered nurses earn about $77,590 a year, which is competitive, especially considering the lower cost of living. When adjusted, this salary feels more like $84,108, making New Mexico a great place for nursing careers. Cities like Albuquerque and Santa Fe offer even higher salaries, reaching around $79,570.
With a job growth rate of 11.3% from 2018 to 2028, there are plenty of opportunities for nurses in New Mexico. For those looking to advance their careers, options like becoming a nurse practitioner or nurse anesthetist can lead to even higher pay.
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