In New Mexico, a high income is generally considered to be an annual salary above $96,400, with top earners reaching $121,134 or more.
Understanding High Income in New Mexico
Defining "high income" can vary, but common benchmarks include earning more than the majority of the population or falling into the top percentile groups. Based on recent salary data, individuals earning at the 75th percentile or higher are typically considered to have a high income in the state.
Key Income Benchmarks
To provide a clear picture, here are the key salary benchmarks for New Mexico:
| Income Tier | Annual Salary | Hourly Wage |
|---|---|---|
| Top Earners | $121,134 | $58 |
| 75th Percentile | $96,400 | $46 |
| Average | $88,617 | $43 |
| 25th Percentile | $72,200 | $35 |
- 75th Percentile: An annual salary of $96,400 means you earn more than 75% of the workforce in New Mexico. This is a strong indicator of a high income.
- Top Earners: For those at the very top of the income scale, salaries can exceed $121,134 annually. These individuals represent the highest-earning professionals in the state.
What These Figures Mean
These figures represent a snapshot of salary ranges across various professions in New Mexico. Earning at or above the 75th percentile signifies a strong financial position, often associated with specialized skills, experience, or roles in high-demand industries. Reaching the "Top Earners" bracket typically requires significant expertise, leadership roles, or highly compensated professions.
