{"id":97292,"date":"2024-12-04T13:05:40","date_gmt":"2024-12-04T21:05:40","guid":{"rendered":"https:\/\/www.redfin.com\/blog\/?p=97292"},"modified":"2024-12-04T21:57:51","modified_gmt":"2024-12-05T05:57:51","slug":"new-mexico-major-industries","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/blog\/new-mexico-major-industries\/","title":{"rendered":"10 Major New Mexico Industries to Consider if You\u2019re Working in or Moving to the State"},"content":{"rendered":"

New Mexico, known as the Land of Enchantment, offers a unique blend of opportunity and lifestyle for those considering <\/span>moving to the state<\/span><\/a>. Major industries in New Mexico play a vital role in driving the economy and attracting new residents. Whether you’re browsing <\/span>homes for sale in Albuquerque<\/span><\/a> or <\/span>apartments in Santa Fe<\/span><\/a>, the state provides options for all types of home seekers. With thriving industries and stunning natural landscapes, New Mexico has plenty to offer. Explore the industries shaping New Mexico\u2019s economy and why moving here could be your next adventure.<\/span><\/p>\n

\"\"<\/p>\n

New Mexico at a glance: Home prices, income, and employment<\/span><\/h2>\n\n\n\n\n\n
\n

Median home sale price<\/b><\/a><\/p>\n<\/td>\n

$388,800<\/span><\/td>\n<\/tr>\n
\n

Median household income<\/b><\/a><\/p>\n<\/td>\n

\n

$62,268<\/span><\/p>\n<\/td>\n<\/tr>\n

Unemployment rate<\/b><\/a><\/td>\n\n

4.1%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Top employers in New Mexico<\/span><\/h3>\n
    \n
  1. State of New Mexico:<\/b> 31,100 employees<\/span><\/li>\n
  2. Honeywell International:<\/b> 15,100 employees<\/span><\/li>\n
  3. Walmart:<\/b> 14,600 employees<\/span><\/li>\n
  4. University of New Mexico:<\/b> 11,900 employees<\/span><\/li>\n
  5. Presbyterian Healthcare Services:<\/b> 11,600 employees<\/span><\/li>\n<\/ol>\n

    10 major industries in New Mexico<\/b><\/h2>\n

    1. Oil and gas<\/span><\/h2>\n

    Major Employers:<\/b> Chevron, ConocoPhillips, XTO Energy (all based out of state with locations in New Mexico)<\/span><\/p>\n

    New Mexico is one of the <\/span>nation\u2019s leaders in oil and gas production<\/span><\/a>, so it should come as no surprise that industry plays a critical role in the state\u2019s economy, contributing significant revenue and job opportunities. Positions include petroleum engineers, equipment operators, and geologists. With robust activity in the Permian Basin, this sector is ideal for skilled workers. The state’s energy focus ensures stability for homebuyers considering relocation. Living near resource hubs offers convenience and access to strong local job markets.<\/span><\/p>\n

    Thinking about moving to New Mexico for a job in this industry? Consider <\/b>homes for sale in Roswell<\/b><\/a> or <\/b>Carlsbad<\/b><\/a>.<\/span><\/p>\n

    2. Tourism and hospitality<\/span><\/h2>\n

    Major Employers:<\/b> Heritage Hotels and Resorts (Albuquerque), Ski Santa Fe (Santa Fe), Meow Wolf (Santa Fe)<\/span><\/p>\n

    Tourism and hospitality thrive due to New Mexico\u2019s rich cultural and natural attractions. Jobs range from hotel management to tour guiding and event planning. Cities like Santa Fe and Taos attract visitors seeking <\/span>art, history, and outdoor recreation<\/span><\/a>. This industry appeals to those who love working in dynamic environments. Moving to New Mexico offers access to a lifestyle centered around culture and exploration.<\/span><\/p>\n

    Thinking about moving to New Mexico for a job in this industry? Consider <\/b>homes for sale in Albuquerque<\/b><\/a> or <\/b>Santa Fe<\/b><\/a>.<\/span><\/p>\n

    \"film<\/p>\n

    3. Film and television production<\/span><\/h2>\n

    Major Employers:<\/b> Netflix Studios (Albuquerque), NBCUniversal Studios (location in Albuquerque), IATSE Local 480 (Santa Fe)<\/span><\/p>\n

    The film industry in New Mexico is expanding, with major studios investing heavily in Albuquerque. Roles include production assistants, camera operators, and set designers. With its stunning landscapes and supportive tax incentives, the state is a prime filming location. Professionals in the entertainment industry find ample opportunities here. Relocating offers a chance to live in a state with a growing creative economy.<\/span><\/p>\n

    Thinking about moving to New Mexico for a job in this industry? Consider <\/b>homes for sale in Santa Fe<\/b><\/a> or <\/b>Albuquerque<\/b><\/a>.<\/span><\/p>\n

    4. Technology and innovation<\/span><\/h2>\n

    Major Employers:<\/b> Sandia National Laboratories (Albuquerque), Los Alamos National Laboratory (Los Alamos), Intel Corporation (location in Rio Rancho)<\/span><\/p>\n

    New Mexico\u2019s technology sector leads in research and development, with top employers driving innovation. Jobs include software engineering, data analysis, and research scientists. These positions appeal to those with technical expertise seeking challenging careers. The state’s labs and tech firms attract professionals nationwide.New Mexico has plenty of opportunities to contribute to cutting-edge technological advancements.<\/span><\/p>\n

    Thinking about moving to New Mexico for a job in this industry? Consider <\/b>homes for sale in Los Alamos<\/b><\/a> or <\/b>Rio Rancho<\/b><\/a>.<\/span><\/p>\n

    5. Renewable energy<\/span><\/h2>\n

    Major Employers:<\/b> Pattern Energy (locations in New Mexico), Avangrid Renewables (locations in New Mexico), Array Technologies (Albuquerque)<\/span><\/p>\n

    Renewable energy, including solar and wind power, is a <\/span>growing industry in the state<\/span><\/a>, with more solar and wind power potential than almost every other state. Jobs involve solar panel installation, wind turbine maintenance, and energy consulting. New Mexico is ideal for renewable projects due to its vast open spaces and sunny climate. Workers in this field enjoy contributing to a sustainable future.\u00a0<\/span><\/p>\n

    Thinking about moving to New Mexico for a job in this industry? Consider <\/b>homes for sale in Albuquerque<\/b><\/a> or <\/b>Santa Fe<\/b><\/a>.<\/span><\/p>\n

    6. Healthcare and social assistance<\/span><\/h2>\n

    Major Employers:<\/b> Presbyterian Healthcare Services (Albuquerque), Lovelace Health System (Albuquerque), Christus St. Vincent (Santa Fe)<\/span><\/p>\n

    The healthcare industry in New Mexico provides essential services and employs thousands. Positions include nurses, physicians, and administrative staff. Rural and urban areas alike need qualified healthcare professionals. Homebuyers benefit from access to reputable health systems throughout the state.<\/span><\/p>\n

    Thinking about moving to New Mexico for a job in this industry? Consider <\/b>homes for sale in Santa Fe<\/b><\/a> or <\/b>Albuquerque<\/b><\/a>.<\/span><\/p>\n

    7. Education and research<\/h3>\n

    Major Employers:<\/b> University of New Mexico (Albuquerque), New Mexico State University (Las Cruces), Santa Fe Community College (Santa Fe)<\/span><\/p>\n

    Education is a pillar of the New Mexico economy, offering diverse career options. Opportunities include teaching, administrative roles, and research positions. The state\u2019s higher education institutions are hubs for innovation and workforce development. Homebuyers and renters moving to the state value its educational resources. Living near universities also offers cultural and recreational opportunities.<\/span><\/p>\n

    Thinking about moving to New Mexico for a job in this industry? Consider <\/b>homes for sale in Santa Fe<\/b><\/a> or <\/b>Las Cruces<\/b><\/a>.<\/span><\/p>\n

    \"agriculture<\/p>\n

    8. Agriculture and food production<\/span><\/h2>\n

    Major Employers:<\/b> Dairy Farmers of America (locations in New Mexico), Leprino Foods (location in Roswell), Bueno Foods (Albuquerque)<\/span><\/p>\n

    With <\/span>over $3.7 billion in production in 2022<\/span><\/a>, agriculture contributes to New Mexico\u2019s economy with dairy, chile, and pecan production. Roles include farming, food processing, and agricultural management. This industry supports rural communities while connecting residents to local food traditions. Buyers and renters appreciate the state’s emphasis on sustainability and farming. Moving here offers access to fresh produce and unique culinary culture.<\/span><\/p>\n

    Thinking about moving to New Mexico for a job in this industry? Consider <\/b>homes for sale in Roswell<\/b><\/a> or <\/b>Albuquerque<\/b><\/a>.<\/span><\/p>\n

    9. Aerospace and defense<\/span><\/h2>\n

    Major Employers:<\/b> Boeing, Raytheon, Virgin Galactic (all based out of state with locations in New Mexico)<\/span><\/p>\n

    Aerospace and defense are growing industries, offering roles in engineering, manufacturing, and testing. Companies in this sector are drawn to the state’s skilled workforce and test ranges. Moving to New Mexico appeals to those interested in aviation and space exploration. Residents also benefit from the educational programs supporting these careers. Living near these companies provides unique career opportunities and experiences.<\/span><\/p>\n

    Thinking about moving to New Mexico for a job in this industry? Consider <\/b>homes for sale in Santa Fe<\/b><\/a> or <\/b>Albuquerque<\/b><\/a>.<\/span><\/p>\n

    10. Retail and e-commerce<\/span><\/h2>\n

    Major Employers:<\/b> Walmart, Albertsons, Amazon Fulfillment Center (all based out of state with locations in New Mexico)<\/span><\/p>\n

    Retail remains a steady source of employment across New Mexico. Jobs include store management, logistics, and customer service. This industry supports local economies while meeting residents’ needs. Moving to the state offers easy access to retail hubs in growing cities. Buyers and renters find the convenience of a thriving retail industry attractive.<\/span><\/p>\n

    Thinking about moving to New Mexico for a job in this industry? Consider <\/b>homes for sale in Santa Fe<\/b><\/a> or <\/b>Seton Village<\/b><\/a>.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

    If you’re thinking about moving to New Mexico for work, here are the industries and employers that power the state’s economy.<\/p>\n","protected":false},"author":557,"featured_media":97840,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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