Other similar organizations in New Mexico 78 establishments · 407 employees · 2024

Firms (NM)

Employment

407

Avg Annual Pay

$60,500

State Rank

#36 of 52

How New Mexico compares to national

Metric	New Mexico	National	New Mexico vs. U.S.
Establishments	78	15,622	0.5% of U.S. total
Avg annual pay	$60,500	$59,447	+$1,053 (+1.8%)
Location quotient	0.89	1.00	11% less dense than national
Avg firm size (employees)	5.2	7.0	—
Year-over-year firm growth	-3.7%	—	—

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 0.89 means other similar organizations are 11% under-represented in New Mexico's business mix relative to the U.S. average.

Top 10 states for other similar organizations

Rank	State	Firms	Avg Pay
1	Florida	2,664	$57,661
2	New York	1,590	$112,176
3	California	1,254	$54,433
4	Hawaii	951	$49,089
5	Texas	798	$50,619
6	Illinois	735	$47,599
7	New Jersey	505	$71,823
8	Pennsylvania	488	$42,216
9	Virginia	464	$51,907
10	Maryland	406	$68,203

Source. BLS Quarterly Census of Employment and Wages — 2024 annual averages, private-ownership only, NAICS 813990. 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