As of July 01, 2026, the average salary for a Project Manager III in New Mexico is $107,379 per year, which breaks down to an hourly rate of $52.
However, a Project Manager III's salary can vary significantly. Here’s a look at the typical salary range:
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A Project Manager III'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 Manager III'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 Manager I | 0-2 years | $70,194 |
| Project Manager II | 2-4 years | $87,735 |
| Project Manager III | 4-7 years | $107,379 |
| Project Manager IV | 7+ years | $120,952 |
| Project Manager V | 7-10 years | $142,641 |
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 Manager IIIs. For example, consider the average annual salaries in these key locations:
Project Manager III salary potential scales significantly with company size. Data shows that Enterprise companies (5,000+ employees) pay the highest average salary at around $120,103. While startup companies pay approximate $101,571.
| Company Size | Employees | Average Salary |
|---|---|---|
| Startup | 1~50 | $101,571 |
| Growth Stage | 51~500 | $107,427 |
| Established | 501~5000 | $115,982 |
| Enterprise | 5000+ | $120,103 |
For Project Manager III roles, the industry you choose can affect earning potential by as much as 45% (the gap between the highest and lowest paying industries). Data shows that the Internet and Pharmaceuticals sectors offer the strongest compensation, at 20% above the average. In contrast, Project Manager positions in Hospitality & Leisure or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Project Manager III as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Internet | $128,855 | $62.0 | 20% |
| Pharmaceuticals | $128,855 | $62.0 | 20% |
| Financial Services | $123,486 | $59.0 | 15% |
| Software & Networking | $123,486 | $59.0 | 15% |
| Biotechnology | $118,117 | $57.0 | 10% |
Understanding how a Project Manager III'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, 2026Promotions are the fastest way to increase your earnings. As a Project Manager III, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.
| Next Step Role | Estimate Salary | Projected Raise |
|---|---|---|
| EHR Project Manager, Sr. | $122,069 | 14% |
| Manufacturing Project Manager IV | $120,287 | 12% |
| Engineering Program Manager IV | $120,287 | 12% |
| Project Manager IV | $120,952 | 13% |
Ready to take the next step in your career? Browse thousands of current Project Manager III job openings on our job board. Use the search bar below to find your perfect match.
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