As of July 01, 2026, the average salary for a Project Engineer III - Construction in New Mexico is $110,940 per year, which breaks down to an hourly rate of $53.
However, a Project Engineer III - Construction's salary can vary significantly. Here’s a look at the typical salary range:
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A Project Engineer III - Construction's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, and company size can directly affect your earning potential.
Experience is a primary driver of a Project Engineer III - Construction's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Project Engineer I - Construction | 0-2 years | $79,686 |
| Project Engineer II - Construction | 2-4 years | $93,448 |
| Project Engineer III - Construction | 4-7 years | $110,940 |
What Am I Worth?
Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Project Engineer III - Constructions. For example, consider the average annual salaries in these key locations:
Project Engineer III - Construction salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $120,603. While startup companies pay approximate $102,265.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $102,265 |
| Growth Stage | 51~500 | $108,085 |
| Established | 501~5000 | $116,544 |
| Enterprise | 5000+ | $120,603 |
For Project Engineer III - Construction roles, the industry you choose can affect earning potential by as much as 110% (the gap between the highest and lowest paying industries). Data shows that the Energy & Utilities and Construction sectors offer the strongest compensation, at 50% above the average. In contrast, Project Engineer III - Construction positions in MFG Durable or Business Services typically offer lower base pay, as these industries often view Project Engineer III - Construction as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Energy & Utilities | $166,410 | $80.0 | 50% |
| Construction | $133,128 | $64.0 | 20% |
| Edu., Gov't. & Nonprofit | $122,034 | $59.0 | 10% |
Understanding how a Project Engineer III - Construction's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on July 01, 2026Ready to take the next step in your career? Browse thousands of current Project Engineer III - Construction job openings on our job board. Use the search bar below to find your perfect match.
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