NAICS 44-45

Retail Trade in New Mexico: 2026 Market Risk Report

Entry risk 39.9 (Moderate), ranked #11 of 51 states. 6,427 establishments, 94,529 jobs.

Entry Risk Assessment

Entry Risk Score 39.9
Low 0-30
Moderate 30-42
Elevated 42-55
High 55+
Moderate

ⓘ Lower is better. Relative to national retail trade average.

The retail trade 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
62.8%
Percentile within industry
Rank #20 of 51 states
Growth Momentum
31.5
Scale of 0-100
Rank #34 of 51 states
Establishment Density
29.0
vs. national average
Rank #11 of 51 states
Market Volatility
15.2
Lower is more stable
Wage Pressure Index
36.0
Labor cost pressure

6,427 Establishments in New Mexico

6,427
Establishments
+2.3% YoY
94,529
Total Employment
+0.0% YoY
$36,908
Average Annual Wage
+2.9% YoY

New Mexico vs National Retail Trade Average

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

Metric NM National Difference
Entry Risk Score 39.9 44.6 -4.7
5-Year Retention 62.8% 51.0% +11.8
Growth Momentum 31.5 42.9 -11.4
Market Volatility 15.2 24.4 -9.2
Establishment Density 29.0 49.0 -20.0
Wage Pressure 36.0 30.5 +5.5

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

New Mexico Ranks #11 of 51 for Retail Trade

New Mexico ranks #11 out of 51 states for retail trade market entry conditions.

Retail Trade Entry Risk by State

Rank State Risk Score Classification
#1 Wisconsin 33.3 moderate
#2 Nebraska 35.9 moderate
#3 Nevada 37.0 moderate
#4 Massachusetts 37.1 moderate
#5 Alaska 37.2 moderate
#11 New Mexico You 39.9 moderate
Entry Risk by State Alaska — 37.2 · #5 Alabama — 46.4 · #36 Arkansas — 51.8 · #44 Arizona — 44.9 · #32 California — 44.0 · #28 Colorado — 42.9 · #23 Connecticut — 44.7 · #31 District of Columbia — 58.0 · #50 Delaware — 41.8 · #19 Florida — 51.0 · #43 Georgia — 47.5 · #38 Hawaii — 56.1 · #48 Iowa — 40.8 · #16 Idaho — 40.1 · #12 Illinois — 48.1 · #39 Indiana — 39.8 · #10 Kansas — 40.4 · #14 Kentucky — 46.4 · #36 Louisiana — 52.3 · #46 Massachusetts — 37.1 · #4 Maryland — 43.6 · #26 Maine — 44.1 · #29 Michigan — 40.5 · #15 Minnesota — 39.6 · #9 Missouri — 50.6 · #42 Mississippi — 59.2 · #51 Montana — 45.8 · #34 North Carolina — 43.4 · #25 North Dakota — 49.9 · #41 Nebraska — 35.9 · #2 New Hampshire — 48.7 · #40 New Jersey — 43.7 · #27 New Mexico — 39.9 · #11 Nevada — 37.0 · #3 New York — 57.2 · #49 Ohio — 39.2 · #8 Oklahoma — 46.3 · #35 Oregon — 42.9 · #24 Pennsylvania — 38.1 · #6 Rhode Island — 42.3 · #21 South Carolina — 44.3 · #30 South Dakota — 38.9 · #7 Tennessee — 42.8 · #22 Texas — 41.6 · #17 Utah — 40.3 · #13 Virginia — 41.6 · #17 Vermont — 52.1 · #45 Washington — 42.0 · #20 Wisconsin — 33.3 · #1 West Virginia — 52.8 · #47 Wyoming — 44.9 · #33
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 retail trade?

Select a state above to see the comparison

Retail Trade in Neighboring States

How New Mexico's retail trade market compares to bordering states.

Utah 40.3 #13/51 Texas 41.6 #17/51 Colorado 42.9 #23/51 Arizona 44.9 #32/51 Oklahoma 46.3 #35/51

Other Industries in New Mexico

Construction → Healthcare and Social Assistance → 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 →