NAICS 23

Construction in New Mexico: 2026 Market Risk Report

Entry risk 47.4 (Elevated), ranked #31 of 51 states. 5,533 establishments, 53,894 jobs.

Entry Risk Assessment

Entry Risk Score 47.4
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Elevated

ⓘ Lower is better. Relative to national construction average.

The construction sector in New Mexico is tracking close to the U.S. baseline, with no extreme signals in volatility, saturation, or wage pressure. Entry conditions are within the national median range.

5-Year Firm Retention
33.3%
Percentile within industry
Rank #35 of 51 states
Growth Momentum
33.2
Scale of 0-100
Rank #21 of 51 states
Establishment Density
11.8
vs. national average
Rank #17 of 51 states
Market Volatility
20.9
Lower is more stable
Wage Pressure Index
55.0
Labor cost pressure

5,533 Establishments in New Mexico

5,533
Establishments
+2.5% YoY
53,894
Total Employment
+1.5% YoY
$68,335
Average Annual Wage
+5.4% YoY

New Mexico vs National Construction Average

How New Mexico's construction market compares to the national average across all 51 states.

Metric NM National Difference
Entry Risk Score 47.4 44.2 +3.2
5-Year Retention 33.3% 51.0% -17.7
Growth Momentum 33.2 30.9 +2.3
Market Volatility 20.9 20.9 0.0
Establishment Density 11.8 24.6 -12.8
Wage Pressure 55.0 57.1 -2.1

Green = favorable vs national average. Red = less favorable. Metrics are relative within construction only.

New Mexico Ranks #31 of 51 for Construction

New Mexico ranks #31 out of 51 states for construction market entry conditions.

Construction Entry Risk by State

Rank State Risk Score Classification
#1 Wisconsin 25.1 low
#2 Michigan 28.0 low
#3 Pennsylvania 28.4 low
#4 Alabama 30.3 moderate
#5 Nebraska 32.5 moderate
#31 New Mexico You 47.4 elevated
Entry Risk by State Alaska — 60.9 · #50 Alabama — 30.3 · #4 Arkansas — 34.3 · #8 Arizona — 38.6 · #16 California — 47.8 · #32 Colorado — 53.2 · #40 Connecticut — 43.2 · #27 District of Columbia — 56.9 · #45 Delaware — 43.0 · #26 Florida — 54.5 · #42 Georgia — 42.1 · #25 Hawaii — 61.1 · #51 Iowa — 34.3 · #7 Idaho — 58.4 · #48 Illinois — 49.1 · #34 Indiana — 35.0 · #11 Kansas — 51.5 · #38 Kentucky — 39.8 · #19 Louisiana — 53.6 · #41 Massachusetts — 41.5 · #23 Maryland — 35.0 · #12 Maine — 35.5 · #13 Michigan — 28.0 · #2 Minnesota — 37.3 · #14 Missouri — 54.6 · #43 Mississippi — 50.8 · #36 Montana — 45.0 · #28 North Carolina — 38.2 · #15 North Dakota — 58.3 · #47 Nebraska — 32.5 · #5 New Hampshire — 32.6 · #6 New Jersey — 48.3 · #33 New Mexico — 47.4 · #31 Nevada — 39.8 · #20 New York — 51.1 · #37 Ohio — 41.7 · #24 Oklahoma — 52.2 · #39 Oregon — 54.8 · #44 Pennsylvania — 28.4 · #3 Rhode Island — 38.8 · #17 South Carolina — 47.0 · #30 South Dakota — 34.7 · #9 Tennessee — 34.8 · #10 Texas — 46.3 · #29 Utah — 40.1 · #22 Virginia — 39.0 · #18 Vermont — 40.0 · #21 Washington — 58.1 · #46 Wisconsin — 25.1 · #1 West Virginia — 49.5 · #35 Wyoming — 59.3 · #49
Low Moderate Elevated High

Tap a state to view details

About Entry Risk Score: A weighted composite of firm retention, growth momentum, market volatility, establishment density, and wage pressure. Lower scores indicate more favorable conditions. Read full methodology →

Data Sources

Data period: 2024. Last updated: February 2026. Next refresh expected: Q2 2026 (BLS QCEW update).

Compare to Another State

How does New Mexico stack up against other states for construction?

Select a state above to see the comparison

Construction in Neighboring States

How New Mexico's construction market compares to bordering states.

Arizona 38.6 #16/51 Utah 40.1 #22/51 Texas 46.3 #29/51 Oklahoma 52.2 #39/51 Colorado 53.2 #40/51

Other Industries in New Mexico

Healthcare and Social Assistance → Retail Trade → Accommodation and Food Services → Professional, Scientific, and Technical Services → Finance and Insurance → Real Estate and Rental and Leasing → Administrative and Support Services → Information → Other Services →