How much does an Assoc. Professor - Industrial Engineering make in New Mexico? The average Assoc. Professor - Industrial Engineering salary in New Mexico is $88,484 as of November 25, 2019, but the range typically falls between $78,308 and $109,920. Salary ranges can vary widely depending on the city and many other important factors, including education, certifications, additional skills, the number of years you have spent in your profession.