The annual salary statistics of market research analysts and marketing specialists in Farmington, New Mexico is shown in Table 1. The wage information of market research analysts and marketing specialists in Farmington is based on the national compensation survey conducted by the U.S. Bureau of Labor Statistics in 2022 and published in April 2023 [1].
| Percentile Bracket | Average Annual Salary |
|---|---|
| 10th Percentile Wage | $33,190 |
| 25th Percentile Wage | $39,530 |
| 50th Percentile Wage | $47,650 |
| 75th Percentile Wage | $61,740 |
| 90th Percentile Wage | $96,210 |
Table 1 shows the average annual salary for market research analysts and marketing specialists in Farmington, New Mexico in 5 percentile scales. The average annual salary for the 90th percentile (the top 10 percent of the highest paid) is $96,210. The median (50th percentile) annual salary is $47,650. The average annual salary for the bottom 10 percent earners is $33,190.
The table and chart below show the trend of the median salary of market research analysts and marketing specialists from 2012 to 2022.
| Year | Median Salary | Yearly Growth | 10-Year Growth |
|---|---|---|---|
| 2022 | $47,650 | 1.87% | 8.23% |
| 2021 | $46,760 | -3.46% | - |
| 2020 | $48,380 | 16.72% | - |
| 2019 | $40,290 | -28.27% | - |
| 2018 | $51,680 | 5.98% | - |
| 2017 | $48,590 | 10.00% | - |
| 2016 | $43,730 | 0.00% | - |
| 2012 | $43,730 | - | - |
From Table 3 we note that the median annual salary of $47,650 in Farmington is in the middle of salary range for market research analysts and marketing specialists in state of New Mexico. In comparison, the annual salary of market research analysts and marketing specialists in Farmington is 10.4 percent (10.4%) lower than that in the highest paying Santa Fe and 9.4 percent (9.4%) higher than that in the lowest paying North and West Central New Mexico nonmetropolitan area.
| Cities/Areas | Median Annual Salary |
|---|---|
| Santa Fe | |
| Albuquerque | |
| Eastern New Mexico nonmetropolitan area | |
| Las Cruces | |
| Northern New Mexico nonmetropolitan area | |
| Farmington | |
| Eastern New Mexico nonmetropolitan area | |
| North and West Central New Mexico nonmetropolitan area |