Median Salary
$106,067
Vs National Avg
Hourly Wage
$50.99
Dollars / Hr
Workforce
0.2k
Total Jobs
Growth
+8%
10-Year Outlook
The Salary Picture: Where Santa Fe Stands
As a Construction Manager in Santa Fe, you’re entering a market with a distinct local flavor. The median salary of $106,067/year is solid, placing you right at the heart of the local market. The hourly rate of $50.99/hour (which translates to roughly $2,122 per week for a 40-hour week) is a good baseline. However, it’s important to contextualize this. The national average for Construction Managers is $108,210/year, meaning Santa Fe sits just a hair below the national curve. This is typical for a city with a lower cost of living and a unique, non-metropolitan economy. The 10-year job growth of 8% is promising, reflecting ongoing development, but it’s not a boom town explosion. There are currently 178 jobs in the metro area, indicating a stable but not saturated market.
Here’s a breakdown of how salaries typically scale with experience in the Santa Fe market:
| Experience Level | Typical Years | Estimated Salary Range | Key Responsibilities |
|---|---|---|---|
| Entry-Level | 0-5 years | $75,000 - $90,000 | Project Engineer, Assistant Superintendent, field supervision support, cost tracking. |
| Mid-Level | 5-10 years | $95,000 - $120,000 | Full Project Manager, superintendent for residential or small commercial, client liaison. |
| Senior | 10-20 years | $120,000 - $150,000+ | Senior PM, Project Executive, managing large commercial or municipal projects. |
| Expert/Principal | 20+ years | $150,000+ | Firm leadership, complex public-private partnerships, specialty consulting. |
When you compare Santa Fe to other New Mexico cities, the dynamic shifts. Albuquerque, a larger metro with a more diverse commercial and industrial base, often sees senior-level salaries push higher, sometimes exceeding $130,000, but its cost of living is also rising. Las Cruces and Farmington have different market drivers (agriculture, energy) with generally lower salary bands. Santa Fe's premium is its stability and the high-end residential market, which can offer lucrative project opportunities despite the slightly lower overall median.
Insider Tip: Don’t just look at the base salary. In Santa Fe, the value of a project portfolio is everything. A CM who has successfully delivered a high-end residential project in the Las Campanas area or a historic renovation in the Railyard District can command a significant premium over the median.
📊 Compensation Analysis
📈 Earning Potential
Wage War Room
Real purchasing power breakdown
Select a city above to see who really wins the salary war.
The Real Take-Home: After Taxes and Rent
Let’s get practical. A median salary of $106,067 is a strong figure, but the real question is what it buys you in Santa Fe. After federal taxes (roughly 22% for this bracket), state income tax (5.9%), and FICA, your take-home pay is approximately $75,000 - $78,000 per year, or $6,250 - $6,500 per month.
Now, factor in housing. The average 1-bedroom rent is $1,317/month. For a Construction Manager, you might prefer a 2-bedroom or a home with a home office, which could run $1,600 - $2,000/month. Let’s use a realistic $1,800/month for a comfortable rental.
Monthly Budget Breakdown (Estimated):
- Take-Home Pay: $6,400
- Rent: -$1,800
- Utilities (Electric, Gas, Water, Internet): -$250
- Car Payment & Insurance (Santa Fe is car-dependent): -$500
- Groceries & Dining: -$700
- Health Insurance (if not fully covered by employer): -$400
- Retirement Savings (10% of gross): -$884
- Miscellaneous (Entertainment, hobbies, gear): -$500
- Remaining Surplus: $1,366
This surplus of $1,366/month is healthy. It allows for travel, saving for a down payment, and handling unexpected expenses without stress.
Can they afford to buy a home? Yes, but with caveats. The median home price in Santa Fe hovers around $450,000. With a 20% down payment ($90,000), a 30-year mortgage at current rates (~7%) would have a monthly payment of roughly $2,400 (including taxes and insurance). This is a significant jump from the $1,800 rent. However, with the surplus of $1,366, you could save $20,000+ per year towards a down payment. It’s a 4-5 year goal, not an immediate one, but absolutely attainable on this salary.
💰 Monthly Budget
📋 Snapshot
Where the Jobs Are: Santa Fe's Major Employers
The Santa Fe construction market is a mix of public, high-end residential, and specialized commercial work. Here are the key players:
- City of Santa Fe Public Works Department: The largest public employer. They manage infrastructure projects—roads, water, utilities. Jobs here are stable, unionized, and often involve complex permitting and public engagement. Hiring trends favor candidates with NM state license and local government experience.
- Santa Fe Public Schools (SFPS): Constant need for renovations, new builds (like the recent Alfabeto School), and capital improvement projects. They work with a roster of local GCs. This is a great avenue for CMs who prefer shorter project cycles and clear public bidding processes.
- Santa Fe County: Similar to the city but covering unincorporated areas and larger county-wide projects. They handle major transportation and civic projects. Hiring is competitive and often requires a deep understanding of NM state regulations.
- High-End Residential & Custom Home Builders: This is the heart of Santa Fe's private market. Firms like Mesa Verde Builders, K. Turner Construction, and Zia Construction specialize in luxury homes in areas like Las Campanas, Tesuque, and the East Side. These jobs are often not publicly posted; they’re filled through networks. A portfolio of high-quality, sustainable, or adobe restoration projects is key.
- Santa Fe Business Incubator & Tech Companies: A growing niche. Companies like Descartes Labs or expanding tech firms need modern office spaces. While the volume is lower than residential, these projects often involve cutting-edge sustainable tech and fast timelines.
- Major Retail & Hospitality Developers: Think The Railyard district renovations or new hospitality projects (e.g., Inn of the Five Graces expansions). These are managed by regional or national developers but staffed with local CMs. Hiring often happens through the construction management firms they partner with.
- Major Hospital Systems (Christus St. Vincent & Presbyterian): Both hospitals have ongoing facility maintenance and expansion projects. These are complex, regulated environments requiring CMs with healthcare construction experience (ICRA, MEP intensive). They are large employers with stable, long-term needs.
Insider Tip: The most direct path to a high-paying job is often through a mid-sized local GC (like Twin Peaks Construction or R. G. Brinkmann Company) that does a mix of commercial and high-end residential. They provide the breadth of experience to move to a senior role.
Getting Licensed in NM
New Mexico requires a Construction Manager License for firms, but individuals need to be certified if they are the qualifying party. The process is straightforward but requires diligence.
State-Specific Requirements:
- Qualifying Party: Must be a licensed General Contractor (GC) or a licensed Construction Manager (CM) in New Mexico. For CMs, you must qualify through a combination of education and experience.
- Experience: Typically, you need a minimum of 4 years of relevant experience in construction management. This can be a combination of education (a bachelor’s in construction management or engineering) and on-the-job experience.
- Exam: You must pass the New Mexico Construction Manager Licensure Exam, which covers state laws, business practices, and project management.
- Bond & Insurance: You must secure a surety bond ($10,000 for CMs) and carry general liability insurance.
- Costs:
- Application Fee: $100
- Exam Fee: $250
- Bond: Varies by credit, but budget $300-$500/year for a $10,000 bond.
- Insurance: Can range from $1,500 to $5,000+ annually depending on project size and history.
- Total Initial Cost: $2,000 - $4,000.
Timeline to Get Started:
- Gather Documents (1-2 Months): Get transcripts, employment verification, and project logs in order.
- Apply & Schedule Exam (1 Month): Submit to the New Mexico Regulation and Licensing Department (RLD), Construction Industries Division.
- Study & Pass (2-3 Months): The exam is the main hurdle. Use the RLD’s candidate guide.
- Secure Bond & Insurance (1 Month): This can vary.
- Total Timeline: 4-7 months from start to holding your license, assuming you meet the experience requirements.
Source: New Mexico Regulation and Licensing Department, Construction Industries.
Best Neighborhoods for Construction Managers
Your commute and lifestyle matter. Santa Fe is spread out, and traffic is minimal, but being close to your job sites is a plus.
- East Side (Historic District): The heart of the city. Close to downtown job sites, the Railyard, and many commercial projects. Walkable, vibrant, but parking is a nightmare. Rent Estimate: $1,400 - $2,000 for a 1BR apartment. Commute: <10 minutes to most downtown sites.
- Southside (Cerrillos Road Corridor): Where most of the new commercial and retail development is happening. Close to the Santa Fe Place Mall, new hotels, and the airport. More modern apartment complexes. Rent Estimate: $1,200 - $1,600 for a 1BR. Commute: 10-15 minutes to most city sites.
- Las Campanas (West): The epicenter of luxury residential construction. If you work for a high-end builder, this is your backyard. It’s a gated golf community, so living here is a lifestyle choice. Rent Estimate: $2,500+ (mostly home rentals). Commute: 20-25 minutes to downtown.
- The Railyard District: A mix of industrial-chic lofts, artist studios, and new developments. Perfect for CMs working on urban infill, mixed-use, or adaptive reuse projects. Rent Estimate: $1,500 - $2,200 for a loft or 1BR. Commute: <10 minutes to downtown.
- Tesuque (North): A village north of the city, home to high-end residential and some boutique commercial projects. Rural, serene, but requires a longer commute. Rent Estimate: $1,800 - $2,500+ for a casita or small home. Commute: 20-30 minutes to downtown.
Insider Tip: For a new arrival, the Southside offers the best balance of modern housing, reasonable rent, and proximity to the most active commercial construction zones. The East Side is for those who want the classic Santa Fe lifestyle and are willing to pay a premium for it.
The Long Game: Career Growth
The 10-year outlook for Construction Managers in Santa Fe is stable and evolving. The 8% job growth is tied to population increases and the need to replace an aging workforce. Here’s how to grow:
- Specialty Premiums: The biggest salary jumps come from specializing in high-demand niches:
- Sustainable & LEED: Santa Fe values sustainability. A CM with LEED AP or Living Building Challenge expertise can command a 10-15% premium.
- Historic Preservation: The city has strict codes for historic districts. Expertise in adobe restoration, wood viga repair, and compliance is rare and valuable.
- Healthcare/Institutional: The regulated nature of healthcare projects makes experienced CMs in this sector highly sought after by hospitals and senior living facilities.
- Advancement Paths:
- Project Manager to Senior PM: Gain experience with larger budgets (>$5M) and more complex teams.
- Senior PM to Project Executive/Estimator: Move into pre-construction, focusing on bids and client relations.
- Corporate Path: Join a regional firm (like PCL Construction or Brasfield & Gorrie, which have NM offices) and move into regional management.
- Entrepreneurial Path: 5-10 years of strong local experience and network can lead to starting your own boutique GC or CM firm, especially in the high-end residential market.
- 10-Year Outlook: The market will continue to favor CMs who can navigate the unique blend of New Mexico’s cultural, environmental, and regulatory landscape. The shift toward sustainable, resilient construction (post-wildfire, water scarcity) will create new specializations. The median salary could realistically reach $120,000 - $130,000 for experienced CMs over the next decade, especially for those with niche expertise.
The Verdict: Is Santa Fe Right for You?
| Pros | Cons |
|---|---|
| Stable, Growing Market: The 8% growth and 178 jobs indicate a healthy, non-volatile market. | Lower National Average: Salary is slightly below the $108,210 national average. |
| High-Quality Projects: Access to unique, high-end residential and culturally significant work. | Limited Scale: Fewer mega-projects compared to Albuquerque or Denver; career peaks may be lower. |
| Lower Cost of Living (Index: 93.4): Your salary goes further than in major coastal cities. | Car Dependency: Requires a reliable vehicle; public transit is limited. |
| Unmatched Lifestyle: Outdoor access, arts, culture, and climate. | Competitive Network: Success often depends on who you know; breaking in can be tough. |
| Manageable Traffic: A 15-minute commute is typical. | Housing Inventory: Buying a home can be challenging; the market is competitive. |
Final Recommendation:
Santa Fe is an excellent choice for a Construction Manager who values lifestyle over raw salary, seeks unique and meaningful projects, and is willing to invest in building a local network. It’s ideal for mid-to-senior level professionals looking for stability and a high quality of life, rather than for those chasing the highest possible national paycheck or managing skyscraper-level projects. If your goal is a sustainable career in a city that rewards specialization and local knowledge, Santa Fe is a compelling destination.
FAQs
1. What is the job market like for a CM with 5 years of experience?
With 5 years, you’re likely in the $95,000 - $110,000 range. There’s steady demand from mid-sized GCs and public entities. Your best bet is to target firms that do a mix of work (e.g., municipal and commercial) to gain diverse experience. Use platforms like LinkedIn and Indeed, but also reach out directly to firms you admire with a tailored cover letter highlighting local project knowledge.
2. Do I need to know Spanish?
While not a formal requirement, conversational Spanish is a huge asset. A significant portion of the skilled trades workforce in New Mexico is Spanish-speaking. Being able to communicate directly with subs and laborers on-site improves safety, efficiency, and relationships. It’s not mandatory, but it will make you a more effective and respected manager.
3. How does the licensing work if I’m already licensed in another state?
New Mexico does not have reciprocity with other states for Construction Manager licensure. You will need to apply as a new licensee, but your out-of-state experience and education will count toward the requirements. You’ll still need to pass the NM-specific exam and meet the bond/insurance requirements.
4. What’s the best way to network in Santa Fe?
Join the Associated General Contractors (AGC) of New Mexico and attend their local chapter events. The Santa Fe Chamber of Commerce is also active. For high-end residential, get to know the architects and designers in the Santa Fe Area Home Builders Association. Many deals are made over coffee at The Tesuque Village Market or after work at The Shed.
5. Is the market affected by seasonality?
Yes, but in a specific way. Public works and commercial projects can run year-round, but the high-end residential market often slows in the deep winter (Jan-Feb). However, this is offset by a surge in planning and permitting for spring starts. Most firms plan for this cycle. The key is to ensure your project pipeline has a mix of project types and timelines to smooth out any seasonal dips.
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