- The middle half earn between $40.13 and $63.15 an hour.
- New Mexico ranks 35th of the 50 states and DC for median pay in this trade.
- New Mexico pays more than 2 of its 5 neighboring states.
- BLS counts about 2,480 general contractors on payrolls in New Mexico.
- At the state median wage, a general contracting business needs to bill about $158.85 an hour on the labor rate calculator's starting numbers.
General Contractor pay in New Mexico, bottom to top
BLS has no separate wage figure for general contractors. These are its numbers for construction managers, the group BLS files general contractors under. They count managers on a payroll, so owners who run their own contracting business are not in them.
| Pay level | Hourly | Yearly | National hourly |
|---|---|---|---|
| 10th percentile | $34.54 | $71,830 | $33.50 |
| 25th percentile | $40.13 | $83,470 | $42.57 |
| Median | $50.26 | $104,550 | $55.28 |
| 75th percentile | $63.15 | $131,350 | $72.91 |
| 90th percentile | $80.50 | $167,440 | $91.08 |
| Average (mean) | $55.34 | $115,100 | $59.79 |
Pay is bunched up in New Mexico. The top tenth earn $80.50 an hour or more, about 2.3 times the $34.54 at the bottom tenth. Nationally that gap is 2.7 times, so the step from the bottom of the scale to the top is shorter here than in most places.
The floor is higher than nationally ($34.54 against $33.50) but the ceiling is lower ($80.50 against $91.08), which squeezes pay toward the middle.
The average wage, $55.34, sits 10% above the median. A smaller group of higher earners pulls the average up, so the median is the better guide to what a typical general contractor makes.
How New Mexico compares with other states
Over a full year, the New Mexico median of $104,550 is $10,440 less than the national $114,990.
In the state ranking, New Mexico sits 35th, between Idaho ($50.29) and Montana ($50.23). The range runs from $41.50 in Arkansas to $74.69 in New York.
Against its neighboring states, New Mexico is in the middle: Arizona, Colorado and Utah pay more, and Oklahoma and Texas pay less.
BLS wages are not adjusted for living costs. Lower pay often comes with lower housing costs, so the gap in take-home value can be smaller than the gap in wages.
How many general contractors work in New Mexico
About 2,480 general contractors work on payrolls in New Mexico, 0.7% of the 380,360 nationwide, the 34th largest count among the states.
That is 2.9 of every 1,000 jobs in New Mexico, close to the trade's share of jobs nationally.
What a general contracting business in New Mexico should charge
A lower wage helps the price less than you might expect, because the overhead does not shrink with it. Here is a general contracting business in New Mexico paying the state median of $50.26, on the labor rate calculator's starting numbers: 40-hour weeks, 10 paid days off, 2 unbilled hours a day, 7.65% payroll taxes, $90,000 a year of overhead and 15% profit.
| Step | Math | Result |
|---|---|---|
| Paid hours | 40 × 52 | 2,080 |
| Hours at work | 2,080 − 10 days × 8 | 2,000 |
| Billable hours | 2,000 × 6 ÷ 8 | 1,500 |
| Labor cost | $50.26 × 2,080 × 1.0765 | $112,538 |
| Break-even rate | ($112,538 + $90,000) ÷ 1,500 | $135.03 |
| Rate with 15% profit | $135.03 ÷ 0.85 | $158.85 |
That is $158.85 per billable hour, 3.2 times the wage, and $8.82 less than the $167.67 the same math gives at the national median wage.
Paying the 75th percentile instead, $63.15 in New Mexico, to hire and keep experienced people raises the rate to $181.49.
At this wage the pay itself is the biggest part of the price, so every raise shows up in the rate: a dollar more an hour adds about $1.76 per billed hour.
Run it with your own numbers in the labor rate calculator. It is free and shows every step.
Working as a general contractor in New Mexico
- Licensing. What New Mexico asks for before you can work on your own: General contractor license in New Mexico.
- Running the business. Quotes, invoices, booking and your website in one place: how general contractors run on Koira.
- Getting found. The free Koira report checks how your business shows up in search and on maps against shops near you.
Where these numbers come from
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025.
The figures are the BLS state estimates for SOC 11-9021, construction managers, across all industries, read straight from the May 2025 state data file. They cover wage and salary workers, not the self-employed. Where BLS did not publish a figure, this page leaves it out.
All states in one table: general contractor salary by state.