General contractor pay in New Mexico after taxes: what you keep (2026)

The median general contractor in New Mexico earned $73,860 a year in May 2024, which is $36 an hour for a full-time year, according to the Bureau of Labor Statistics. Half of the 6,590 general contractors the BLS counts in New Mexico earned more than that and half earned less; the middle half of them sat between $58,100 and $92,330. That is the gross figure, before anyone takes anything. What you keep depends on New Mexico's tax, and New Mexico has a progressive state income tax with a top rate of 5.9%.

What the median general contractor keeps in New Mexico

For a single filer on the median $73,860, taking the standard deduction and no other adjustments:

The state line is 4.1% of gross at this salary, approximated at 70% of the top bracket, which is where a middle income lands in most progressive states. Health insurance, retirement contributions and local taxes are not in it either; they vary by employer and by city.

Where New Mexico ranks for general contractor pay

Of the 50 states, New Mexico ranks 39 of 50 on the gross median for general contractors. The highest-paying state is New Jersey at $103,850 and the lowest is Arkansas at $62,200. Gross rank is not take-home rank: a state with no income tax climbs several places once the state line is applied, and a high-tax state drops.

Across the border

The same job in the states next to New Mexico, gross median and estimated take-home for a single filer:

Arizona, Colorado, Texas and Utah leave a general contractor with more at the end of the year than New Mexico does; Arizona by about $4,249. Oklahoma pays less once tax is counted. Pay is one line; rent is the other, and a higher median in a metro with higher rent can leave you with less.

Where the general contractor jobs are in New Mexico

The BLS count of 6,590 general contractors is statewide. The metros with the most of that work are Albuquerque, Las Cruces, Rio Rancho and Santa Fe, which is where the median is set and where the upper quartile ($92,330 and above) is most often paid. Employers who could not hire locally and have filed with the Department of Labor are listed on the New Mexico openings page; those filings are the ones already paying to bring people in, and housing or transport is often part of the offer.

What people get wrong about general contractor pay in New Mexico

• Quoting the mean. The BLS mean for New Mexico is $38 an hour, pulled up by the top earners. The median ($36) is what the typical general contractor makes.
• Comparing gross across states. A $73,860 offer in New Mexico is $57,070 in hand; the same number in a no-tax state is $60,120.
• Forgetting the employer's share of insurance. A job that pays $71,860 with full health coverage can beat one that pays $76,860 without it.
• Treating the statewide median as the metro median. Albuquerque pays differently from a rural county; ask for the figure for the place you are actually going.

Everything about New Mexico, on one page

The New Mexico page has the licence registries and boards, the state tax at three salaries, the programs that pay you to come, and the openings filed in New Mexico this month. If you know which state you are leaving, the move pages compare the two directly. Creating a free Workmerica profile with your trade and your destination puts you in front of New Mexico employers hiring from out of state.

Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2024 state estimates for General contractor. Tax lines are a single filer with the standard deduction, 2024 federal brackets, and the state rate in lib/us-states.ts; progressive states are approximated. Not tax advice.