New Mexico — Level Index
How do New Mexico contractors compare to the national average? Bill rates, collection rates, margins, and utilization data from 34+ New Mexico contractors across HVAC, Plumbing, Electrical, and more.
Key Finding
New Mexico contractors bill $3/hr above the national median
New Mexico's arid climate drives consistent HVAC demand, while Albuquerque and Santa Fe metro areas command rates above the state median. Federal lab and military base work in Los Alamos and White Sands offers premium contract opportunities.
For a 10-tech shop, that $3/hr difference means $60K per year in additional revenue compared to the national median.
New Mexico Bill Rates
Median Bill Rate
$82/hr
75th Percentile
$104/hr
Top 10%
$128/hr
National Benchmarks
These metrics are reported nationally. Where your New Mexico business falls depends on your specific operations. See the full national breakdown.
Collection Rate
80.8%
Top quartile: 92.7%
587 companies
SA Gross Margin
37.9%
Top quartile: 53%
259 companies
Billing Speed
1 day
Top quartile: -4 days (progress billing)
733 companies
Billable Hour Ratio
97.1%
Top quartile: 99.6%
963 companies
Quote Conversion
73.9%
Top quartile: 83.2%
794 companies
New Mexico Bill Rate
$82/hr
Top quartile: $104/hr
34 companies
Top Trades in New Mexico
Where does your New Mexico business fall?
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