New Mexico healthcare administrators made a median annual wage of $102,100 in 2018 according to the Bureau of Labor Statistics, putting them around $2,000 higher than the national median. In fact, Albuquerque ranks as the 10th highest paying metropolitan area in the country for medical administrators.
Those wages are being fueled by a surge in healthcare spending in the state, a figure that has gone up by 17.8 percent from 2013 to 2017 according to the Health Cost Institute.
With an insured population that, according to the United Health Foundation, has gone from 77 percent to over 90 percent in the past decade, there is an increasing demand for services and better options to pay for them, making the future bright for healthcare and healthcare administrators throughout the state.
Job Outlook and Employment Settings for Healthcare Administrators in New Mexico
Overall job growth in New Mexico has been all but stagnant since the Great Recession. According to the Santa Fe New Mexican in 2018, there are only two industries in the state that have recovered to their pre-recession levels: hospitality, and health care.
Health care employment continues to surge, with the state Department of Workforce Solutions predicting that personal care aides will be the fastest growing occupation in the state through 2026. In fact, healthcare related professionals are in three of the top five slots for demand. For healthcare administrators, the department sees a 17.7 percent growth rate, leading to 210 openings per year. Those will come from a combination of new positions and turnover in existing jobs.
Healthcare Administration Salaries in New Mexico by Region
Although the overall median wage for the state is above the national median of $99,730, it’s actually only Albuquerque where administrators make that much—other metropolitan areas, although they come close, tend to lag slightly. In Santa Fe, however, the top ten percent in the profession make more than their counterparts on the national scale, earning $189,240 per year.
- 25th percentile: $89,030
- Median: $118,880
- 75th percentile: $155,260
- 90th percentile: $-
- 25th percentile: $76,510
- Median: $92,170
- 75th percentile: $118,360
- 90th percentile: $189,240
- 25th percentile: $75,820
- Median: $93,850
- 75th percentile: $113,070
- 90th percentile: $180,450
- 25th percentile: $73,150
- Median: $93,280
- 75th percentile: $107,770
- 90th percentile: $134,050
New Mexico also has a substantial number of healthcare administrators employed in rural areas of the state, and often a comparable wages to the urban centers:
Salary and employment data compiled by the United States Department of Labor’s Bureau of Labor Statistics in May of 2018. Figures represent accumulated data for all areas of employment for medical and health services managers – https://www.bls.gov/oes/current/oes_nm.htm#11-9111.
BLS salary data represents state and MSA (Metropolitan Statistical Area) average and median earnings for the occupations listed and includes workers at all levels of education and experience. This data does not represent starting salaries. Employment conditions in your area may vary.
Job growth projections sourced from the New Mexico Department of Workforce Solutions and published in the U.S. Department of Labor-funded Long Term Occupational Projections (2016-2026) database – https://projectionscentral.com/Projections/LongTerm.
All salary and job growth data accessed in June 2019.