Electrical contractors in New Mexico 776 establishments · 8,318 employees · 2024
Firms (NM)
776
Employment
8,318
Avg Annual Pay
$73,418
State Rank
#39 of 52
How New Mexico compares to national
Metric
New Mexico
National
New Mexico vs. U.S.
Establishments
776
99,685
0.8% of U.S. total
Avg annual pay
$73,418
$82,730
-$9,312 (-11.3%)
Location quotient
1.37
1.00
37% denser than national
Avg firm size (employees)
10.7
11.0
—
Year-over-year firm growth
+2.9%
—
—
Reading this
An establishment is a single physical location where business is conducted. A firm with multiple locations counts as multiple establishments. "Avg pay" is wages and salaries per employee, including bonuses and tips — for proprietorships, the owner's take is largely outside this number. The location quotient (LQ) of 1.37 means electrical contractors are 37% over-represented in New Mexico's business mix relative to the U.S. average.
Source. BLS Quarterly Census of Employment and Wages — 2024 annual averages, private-ownership only, NAICS 23821 (5-digit aggregation). Establishment counts include any firm with at least one paid employee covered by state unemployment insurance.
SMB Density · firm counts, employment, and wages by industry × state · data from BLS QCEW 2024 annual (private ownership, state-level; mostly 6-digit NAICS, 3 specialty-trade industries at 5-digit aggregation) · data.json