NAICS 54

Professional, Scientific, and Technical Services in New Mexico: 2026 Market Risk Report

Entry risk 59.3 (High), ranked #51 of 51 states. 9,083 establishments, 69,641 jobs.

Entry Risk Assessment

Entry Risk Score 59.3
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
High Risk

ⓘ Lower is better. Relative to national professional, scientific, and technical services average.

New Mexico's professional, scientific, and technical services sector shows high establishment density (top 10 nationally) paired with firm retention in the bottom half. This combination indicates elevated competitive pressure on new market entrants.

5-Year Firm Retention
33.3%
Percentile within industry
Rank #35 of 51 states
Growth Momentum
0.0
Scale of 0-100
Rank #51 of 51 states
Establishment Density
2.5
vs. national average
Rank #9 of 51 states
Market Volatility
100.0
Lower is more stable
Wage Pressure Index
28.9
Labor cost pressure

9,083 Establishments in New Mexico

9,083
Establishments
+4.1% YoY
69,641
Total Employment
+2.0% YoY
$107,401
Average Annual Wage
+4.8% YoY

New Mexico vs National Professional, Scientific, and Technical Services Average

How New Mexico's professional, scientific, and technical services market compares to the national average across all 51 states.

Metric NM National Difference
Entry Risk Score 59.3 40.5 +18.8
5-Year Retention 33.3% 51.0% -17.7
Growth Momentum 0.0 37.2 -37.2
Market Volatility 100.0 21.8 +78.2
Establishment Density 2.5 12.6 -10.1
Wage Pressure 28.9 34.0 -5.1

Green = favorable vs national average. Red = less favorable. Metrics are relative within professional, scientific, and technical services only.

New Mexico Ranks #51 of 51 for Professional, Scientific, and Technical Services

New Mexico ranks #51 out of 51 states for professional, scientific, and technical services market entry conditions.

Professional, Scientific, and Technical Services Entry Risk by State

Rank State Risk Score Classification
#1 Alabama 29.4 low
#2 Iowa 31.1 moderate
#3 Nebraska 31.6 moderate
#4 South Dakota 32.9 moderate
#5 Mississippi 33.4 moderate
#51 New Mexico You 59.3 high
Entry Risk by State Alaska — 38.0 · #21 Alabama — 29.4 · #1 Arkansas — 37.3 · #18 Arizona — 41.2 · #28 California — 51.2 · #48 Colorado — 46.4 · #46 Connecticut — 45.1 · #41 District of Columbia — 44.8 · #40 Delaware — 38.9 · #24 Florida — 38.2 · #22 Georgia — 43.5 · #38 Hawaii — 33.8 · #7 Iowa — 31.1 · #2 Idaho — 34.9 · #11 Illinois — 42.6 · #33 Indiana — 56.7 · #50 Kansas — 44.7 · #39 Kentucky — 35.7 · #14 Louisiana — 36.4 · #15 Massachusetts — 41.5 · #29 Maryland — 38.4 · #23 Maine — 40.2 · #26 Michigan — 41.2 · #27 Minnesota — 49.2 · #47 Missouri — 45.5 · #45 Mississippi — 33.4 · #5 Montana — 43.4 · #37 North Carolina — 37.8 · #20 North Dakota — 34.8 · #10 Nebraska — 31.6 · #3 New Hampshire — 37.5 · #19 New Jersey — 45.4 · #44 New Mexico — 59.3 · #51 Nevada — 42.6 · #34 New York — 52.4 · #49 Ohio — 36.9 · #17 Oklahoma — 45.4 · #43 Oregon — 45.2 · #42 Pennsylvania — 33.7 · #6 Rhode Island — 35.3 · #13 South Carolina — 34.7 · #9 South Dakota — 32.9 · #4 Tennessee — 39.4 · #25 Texas — 42.2 · #30 Utah — 42.2 · #31 Virginia — 42.3 · #32 Vermont — 43.0 · #35 Washington — 43.3 · #36 Wisconsin — 35.0 · #12 West Virginia — 34.4 · #8 Wyoming — 36.5 · #16
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 professional, scientific, and technical services?

Select a state above to see the comparison

Professional, Scientific, and Technical Services in Neighboring States

How New Mexico's professional, scientific, and technical services market compares to bordering states.

Arizona 41.2 #28/51 Texas 42.2 #30/51 Utah 42.2 #31/51 Oklahoma 45.4 #43/51 Colorado 46.4 #46/51

Other Industries in New Mexico

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