NAICS 54

Professional, Scientific, and Technical Services in Santa Fe, NM

Metro Market Score 59.9 (Challenging), ranked #186 of 261 metros. 1,154 establishments, 2,923 jobs.

Metro Market Score 59.9

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

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

💰High-Cost Market

Wage costs in Santa Fe's professional, scientific, and technical services sector are well above the metro average, with wage competitiveness at 75.5 and rising pressure at 59.3. New entrants should factor higher labor costs into their financial projections for this market.

Industry Concentration

64.8

LQ: 0.68

Rank #169 of 261 metros

Wage Competitiveness

75.5

$100,597 avg wage

Growth Trend

↑ 56.7

Employment growth index

Rank #114 of 261 metros

Wage Pressure

59.3

YoY wage change index

1,154 Professional, Scientific, and Technical Services Firms in Santa Fe

1,154

Establishments

+3.1% YoY

2,923

Total Employment

+0.6% YoY

$100,597

Average Annual Wage

+13.3% YoY

0.68

Location Quotient

Below national avg

Within New Mexico

#3 of 3

professional, scientific, and technical services metros in state

New Mexico state rank

#51 of 51

for professional, scientific, and technical services entry risk

vs State Median

+4.1

worse than median (55.8)

Santa Fe vs New Mexico Statewide

How this metro's professional, scientific, and technical services market compares to New Mexico overall. The state ranks #51/51 for entry risk.

Measure	Santa Fe	NM Statewide
Overall Score	59.9 Challenging	59.3 High
Score Type	Metro Market Score	Entry Risk Score
Rank	#186 of 261 metros	#51 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Santa Fe

Construction 44.1 Information 46.2 Healthcare and Social Assistance 50.8 Real Estate and Rental and Leasing 54.3 Administrative and Support Services 55.3 Finance and Insurance 56.3 Accommodation and Food Services 66.3 Retail Trade 70.8 Other Services 91.6

Professional, Scientific, and Technical Services in Other New Mexico Metros

Farmington 18.5 #11/261 Las Cruces 55.8 #173/261

Professional, Scientific, and Technical Services Metros With Similar Conditions

Metros within 5 points of Santa Fe's 59.9 score. Useful when comparing markets with comparable entry profiles.

Carson City, NV 60.0 #187/261 Madison, WI 60.0 #188/261 Bellingham, WA 60.1 #189/261 State College, PA 59.6 #185/261 Tyler, TX 60.2 #190/261 Tampa-St. Petersburg-Clearwater, FL 60.3 #191/261 Jackson, MI 60.5 #192/261 Warner Robins, GA 61.1 #193/261 Mobile, AL 61.2 #194/261 Charleston-North Charleston, SC 58.6 #184/261

Professional, Scientific, and Technical Services in States Bordering New Mexico

State-level entry risk for professional, scientific, and technical services in adjacent states. Use this to weigh cross-border options.

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

Browse Professional, Scientific, and Technical Services in Other States

State-level entry risk reports for professional, scientific, and technical services across all 51 markets, sorted by rank.

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Santa Fe's professional, scientific, and technical services sector, the wage competitiveness component (75.5) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Santa Fe, NM MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment