New Mexico Property Insurance Program Salary

As of October 2026, the average annual salary for employees at New Mexico Property Insurance Program in the United States is $84,384. This translates to an approximate hourly wage of $41. Salaries at New Mexico Property Insurance Program typically range from $74,243 to $95,405 annually, reflecting the diverse roles and experience levels within the company.

How Much Does New Mexico Property Insurance Program Pay for Different Roles?

Explore detailed salary information for specific jobs at New Mexico Property Insurance Program. Based on our data, the highest paying job is the Underwriter, with an annual salary of $73,018. The table below outlines the annual salary ranges for most popular roles within the company.
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Is New Mexico Property Insurance Program’s Pay Competitive? Salary Benchmarking Analysis

How does New Mexico Property Insurance Program's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.
Competitor / Benchmark Avg. Salary Variance Primary Market Influence Factor & Explanation
Johnson-Witkemper Insurance Services Inc $85,112
+0.9%
Aligns perfectly with prevailing regional benchmarks for this specific job family.
Brittain Insurance Services $100,860
+19.5%
Reflects a supply-demand imbalance for the specific talent Brittain Insurance Services targets.
Professional Liability Solutions LLC $89,036
+5.5%
Influenced by prevailing union wage agreements specific to Professional Liability Solutions LLC's sector.
Massachusetts Teachers' Retirement System (MTRS) $109,182
+29.4%
Supported by Massachusetts Teachers' Retirement System (MTRS)'s high-margin contracts allowing higher overhead.
Insurance Industry $123,858
+46.8%
Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.
Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

Employee Reviews: Working at New Mexico Property Insurance Program

Considering a career at New Mexico Property Insurance Program? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
The insurance training is thorough, and career advancement is encouraged. The office is modern, and flexible arrangements are available. The company follows a hybrid work policy, which provides some flexibility. The insurance field is challenging, but the company provides excellent training. Decent workplace with standard insurance industry perks.
The culture is inclusive, and teamwork is highly valued. The onboarding process was smooth, and I felt supported from day one. Professional development is encouraged, and the company supports certifications. While the role may not be highly dynamic, it offers consistency and a decent benefits package. The company also offers great benefits and professional development opportunities. The insurance ...
It’s a good fit for those who prefer a structured environment without high volatility. Benefits like health insurance and retirement plans are top-notch. It’s a company that values its employees while maintaining high industry standards.

New Mexico Property Insurance Program Overview

Website
www.nmpropertyinsurance.com
Founded In
Data pending, update soon.
Employees
<25 employees
Industry
Insurance
Headquarter Address
2201 San Pedro Dr NE Albuquerque New Mexico NM 87110
Revenue
$5 Million - $10 Million
Phone Number
+1 5058789563
Social Media
About New Mexico Property Insurance Program
We are a property market of last resort The New Mexico FAIR Plan operates like a small insurance company underwriting our applications, issuing our policies, and adjusting our claims.

What Benefits Does New Mexico Property Insurance Program Offer Beyond Salary?

A competitive compensation package is more than just a salary. New Mexico Property Insurance Program offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Albuquerque?

Understanding the cost of living near Albuquerque is key to truly evaluating a salary offer or your current compensation at New Mexico Property Insurance Program.
Albuquerque's Cost of Living Index is approximately 91.1 (8.9% less expensive than US average; 2.7% less than NM average). Largest NM city, unique culture, affordable housing. ABQ RIDE, Rail Runner. When planning your budget based on a salary from New Mexico Property Insurance Program, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $950 - $1,400+ A significant portion of New Mexico Property Insurance Program salary. Location choices impact this heavily.
Utilities (Basic) $130 - $220 Electricity, Heating, Cooling, Water etc.
Public Transportation $30 (ABQ RIDE monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $390 - $570 Can be higher with more dining out or specialty stores.
Personal & Leisure $350 - $650+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $370 - $690+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,220 - $3,530+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of New Mexico Property Insurance Program

1. What is the average salary for employees at New Mexico Property Insurance Program?

The average annual total compensation for employees at New Mexico Property Insurance Program is approximately $84,384. However, this is an aggregate figure, actual salaries can range significantly, typically from $74,243 to $95,405, depending on factors like job role, experience, and location.

2. How much does New Mexico Property Insurance Program pay compared to Johnson-Witkemper Insurance Services Inc?

The average annual salary at New Mexico Property Insurance Program is $84,384, or an hourly wage of $41, in comparison to Johnson-Witkemper Insurance Services Inc which pays $85,112 per year or $41 per hour.

3. How does having a professional certification impact salary for relevant roles at New Mexico Property Insurance Program?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at New Mexico Property Insurance Program for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

4. Does New Mexico Property Insurance Program offer cost-of-living adjustments (COLA) for employees in high-cost areas like Albuquerque?

While some companies offer formal COLA, many, including potentially New Mexico Property Insurance Program, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

5. What's the typical process for salary reviews and raises at New Mexico Property Insurance Program?

Most companies, likely including New Mexico Property Insurance Program, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.