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What does a Plumbers, Pipefitters, and Steamfitters salary really buy you in New Mexico?
New Mexico is 9.0% cheaper than the US averageData: BLS OEWS 2025 + BEA Regional Price Parities 2022 • Updated 2026-05-19
New Mexico's Regional Price Parity (RPP) is 91.0, meaning prices are 9.0% lower the national average. A Plumbers, Pipefitters, and Steamfitters earning $61,440 in New Mexico has the equivalent purchasing power of $67,516 in an average-cost US state.
Every dollar goes further in low-cost states. Here is how each salary percentile compares after adjusting for New Mexico's cost of living.
| Percentile | Nominal Salary | COL-Adjusted | Difference |
|---|---|---|---|
| 10th Percentile (P10) | $36,160 | $39,736 | +$3,576 |
| 25th Percentile (P25) | $45,190 | $49,659 | +$4,469 |
| Median (P50) | $61,440 | $67,516 | +$6,076 |
| 75th Percentile (P75) | $78,210 | $85,945 | +$7,735 |
| 90th Percentile (P90) | $87,700 | $96,373 | +$8,673 |
A Plumbers, Pipefitters, and Steamfitters in New Mexico earns $61,440 on paper, but low living costs mean your money goes 10% further — like earning $67,516 in an average-cost state. This makes New Mexico one of the best value states for this occupation.
New Mexico's Regional Price Parity (RPP) of 91.0 means a basket of goods and services costs about 9.0% less than the national average. For a Plumbers, Pipefitters, and Steamfitters, every dollar earned effectively buys more here than in a 100-RPP state.
After applying New Mexico's RPP, the $61,440 median salary translates to $67,516 in real terms — a 9.9% gain. That difference can cover several months of expenses over a year for a Plumbers, Pipefitters, and Steamfitters.
New Mexico's rank of #27 of 51 states means real purchasing power for Plumbers, Pipefitters, and Steamfitters trails the national half-way line.
Where does Plumbers, Pipefitters, and Steamfitters salary stretch the furthest? Top 10 states ranked by COL-adjusted median salary.
New Mexico ranks #27 out of 51 states for Plumbers, Pipefitters, and Steamfitters after cost-of-living adjustment.
How much do you actually take home? See Plumbers, Pipefitters, and Steamfitters take-home pay in New Mexico after taxes →
A Plumbers, Pipefitters, and Steamfitters in New Mexico earns a median salary of $61,440 per year. After adjusting for New Mexico's cost of living (RPP=91.0), the real purchasing power is $67,516 — a +9.9% difference.
New Mexico's cost of living is 9.0% lower than the national average according to the BEA Regional Price Parities (2022). The RPP index for New Mexico is 91.0 (US average = 100).
Regional Price Parities (RPPs) are price indexes published by the U.S. Bureau of Economic Analysis (BEA) that measure differences in price levels across states. They are expressed as a percentage of the national average (US = 100). Higher RPP means higher cost of living.
The adjusted salary is calculated as: Nominal Salary x (100 / RPP). For a Plumbers, Pipefitters, and Steamfitters in New Mexico: $61,440 x (100 / 91.0) = $67,516. This represents what the salary would be worth in a state with average living costs.
From a purchasing power perspective, yes. A Plumbers, Pipefitters, and Steamfitters in New Mexico enjoys 9.9% more buying power than the nominal salary suggests, because living costs are below the national average. However, other factors like job availability, career growth, and quality of life also matter.
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