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HOURLY WAGE INDEX

Let’s talk wages in Albuquerque

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$12

What is the minimum wage in Albuquerque?

The current minimum wage in Albuquerque, New Mexico is $12.00 per hour. This is higher than the federal minimum wage of $7.25 per hour, but lower than the current average minimum wage of $15.20 per hour across the United States. The minimum wage in Albuquerque has increased steadily in recent years. In 2019, the minimum wage was $10.50 per hour. It increased to $11.50 per hour in 2022, and then to $12.00 per hour in 2023. The city of Albuquerque is considering raising the minimum wage to $15.00 per hour by 2025.

However, it is unclear if this proposal will be approved by the city council. A livable wage in Albuquerque is estimated to be $15.60 per hour for a single adult with no children. This means that a worker earning $15.60 per hour would be able to afford a basic standard of living in Albuquerque, including housing, food, transportation, and healthcare. It is estimated that there are approximately 100,000 workers in Albuquerque who make minimum wage. This includes both full-time and part-time workers.

$15.20

What is the average wage in Albuquerque?

The current average minimum wage in the United States is $15.20 per hour. The minimum wage in Albuquerque, New Mexico is currently $12.00 per hour, which is higher than the federal minimum wage of $7.25 per hour. The minimum wage in Albuquerque has been increasing steadily in recent years, starting at $10.50 per hour in 2019 and reaching $12.00 per hour in 2023. The city is considering raising the minimum wage to $15.00 per hour by 2025, but it is uncertain if this proposal will be approved. A livable wage in Albuquerque is estimated to be $15.60 per hour for a single adult with no children. There are approximately 100,000 workers in Albuquerque who earn minimum wage.

$15.60

What is the living wage in Albuquerque?

A livable wage in Albuquerque is estimated to be $15.60 per hour for a single adult with no children. This means that a worker earning $15.60 per hour would be able to afford a basic standard of living in Albuquerque, including housing, food, transportation, and healthcare.

Wages aren’t everything!

While pay is one of the main factors that hourly employees consider when choosing to join (or stay at) a company, it’s not the end all be all. Research shows that advancement opportunities, supportive management, and schedule flexibility are all incredibly important as well.

Want to learn more about this trend? We dive deep into the data behind which perks and benefits matter most to hourly workers. Check out our full conversation with expert Sara Wasserteil of Cara Collective.

Frequently asked questions

What is the difference between gross wages and net wages?

It's important to remember that the Hourly Wage Index data above reflects gross wages, or the amount of money an employee earns before accounting for payroll deductions like taxes, benefits, or wage garnishments. Due to variability in tax rates across locations, slightly lower gross wages in a certain location might result in higher take home pay, or vice versa.

What is a good hourly wage?

This question is a difficult one to answer, as a "good hourly wage" is highly subjective according to experience, work responsibilities, cost of living, and other factors. We recommend using Hourly Wage Index data as a starting point. Once you have established a baseline for certain positions, do further research into similar businesses in your area.

Lastly, consider surveying your employees. They're the best resource to help you know what is a good hourly wage, what competitive pay looks like in your location, and how competitive wages change in your industry over time.

Offering competitive pay is one of my top priorities—what other resources do you have that might help?

We know that getting applicants to pay attention to your business can be extremely challenging, and that offering competitive pay is a huge part of that. Wages aren’t everything, however! Applicant experience is another important factor that can help set you apart from your competition. A few examples include:

Short, easy to understand job descriptions
Mobile-friendliness
Quick communication
Streamlined interview stages

Resources

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We're here to help!

A Workstream hiring specialist can help you identify high impact ways to improve your applicant experience, and even help you determine what is a good hourly wage for your location and business.