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As of August 01, 2026, the average salary for a Payroll Analyst in New Mexico is $67,996 per year, which breaks down to an hourly rate of $33.
However, a Payroll Analyst's salary can vary significantly. Here’s a look at the typical salary range:
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Payroll Analyst Salaries by Percentile
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $74,270 | $6,189 | $1,428 | $36 |
| Average | $67,996 | $5,666 | $1,308 | $33 |
| 25th Percentile | $62,016 | $5,168 | $1,193 | $30 |
Airspace - Las Cruces, NM
Bellingham Technical College - BELLINGHAM, WA
MarBorg Industries - SANTA BARBARA, CA
The Goodman Group - COUNTY MARKET, MN
A Payroll Analyst'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 Payroll Analyst'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:
| Levels | Salary |
|---|---|
| Payroll A... Level Payroll Analyst | $57,688 |
| Payroll A... Level Payroll Analyst | $67,535 |
| Payroll A... Level Payroll Analyst | $78,135 |
| Payroll A... Level Payroll Analyst | $94,859 |
| Payroll T... Level Payroll Analyst | $82,105 |
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 Payroll Analysts. For example, consider the average annual salaries in these key locations:
Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:
For Payroll Analyst roles, the industry you choose can affect earning potential by as much as 60% (the gap between the highest and lowest paying industries). Data shows that the Healthcare and Construction sectors offer the strongest compensation, at 30% above the average. In contrast, Payroll Analyst positions in Hospitality & Leisure or Edu., Gov't. & Nonprofit typically offer lower base pay, as these industries often view Payroll Analyst as a support function rather than a direct revenue driver.
| Industry Sector | Average Annual Salary | Average Hourly Rate | Pay vs.Avg |
|---|---|---|---|
| Healthcare | $88,395 | $42.0 | 30% |
| Construction | $81,595 | $39.0 | 20% |
| Aerospace & Defense | $78,195 | $38.0 | 15% |
| Business Services | $76,156 | $37.0 | 12% |
| Insurance | $72,756 | $35.0 | 7% |
Understanding how a Payroll Analyst'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.
| Annual Salary | Monthly Pay | Weekly Pay | Hourly Wage | |
|---|---|---|---|---|
| 75th Percentile | $74,270 | $6,189 | $1,428 | $36 |
| Average | $67,996 | $5,666 | $1,308 | $33 |
| 25th Percentile | $62,016 | $5,168 | $1,193 | $30 |
Ready to take the next step in your career? Browse thousands of current Payroll Analyst job openings on our job board. Use the search bar below to find your perfect match.
Marvin
DEARBORN, MI
Marvin | DEARBORN, MI
Marvin is seeking a Payroll Administrator to support our people-first manufacturing culture by delivering accurate, timely payroll for hourly and salaried ... more
5 Days Ago
Marvin
CASCADE, MI
Marvin | CASCADE, MI
Marvin is seeking a Payroll Administrator to support our people-first manufacturing culture by delivering accurate, timely payroll for hourly and salaried ... more
5 Days Ago
The Heartland Team, LLC
NEW YORK CITY, NY
The Heartland Team, LLC | NEW YORK CITY, NY
Looking for something beyond ordinary payroll and human capital management (HCM) solutions. Look no further than Heartland. We are committed to becoming a ... more
2 Days Ago
Atlas Copco
NEW YORK CITY, NY
Atlas Copco | NEW YORK CITY, NY
Location and Compensation • Buffalo, NY * Be part of an exciting journey as we prepare for production at our new facility in the Western New York Science &... more
3 Days Ago
Contexture
PHOENIX, AZ
Contexture | PHOENIX, AZ
Job Code: DATANLST Reports To: Manager, Data Services Base Location: AZ or CO Work Status: Virtual Office Minimum Starting Monthly Range: $5,757 Hiring Ran... more
3 Days Ago
Exquisite Software
SCOTTSDALE, AZ
Exquisite Software | SCOTTSDALE, AZ
Description Exquisite Software is looking to expand our Business Solutions Analyst team. What you will do: As a team member of the Business Solutions Analy... more
3 Days Ago
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