top of page

ABQ Wage Growth Lags

There was some good news in the year that ended June 30 for the Albuquerque area's economy. The average weekly wage increased by 1.3 percent to $865, according to the U.S. Bureau of Labor Statistics. The bad news is that that growth rate was the lowest among cities in the region.

And, the area's average weekly wage was 85 percent of the national average of 1,020.

Denver had the highest average weekly wage at $1,241, followed by Salt Lake City at $967.

The average weekly wage, however, isn't the best measure of how an area's economy is doing, or how well off its residents are because it doesn't take into account the cost of living.

Denver, which has been booming for the past decade in terms of job growth and wages, has some of the highest housing prices in the nation. Meanwhile, Albuquerque, whose economy has struggled, has a much lower cost of living.

Here's a look at how Albuquerque compares to other cities in the region:

Now here's a look at the rate of increase in the average weekly wage:

Please donate by clicking below
PayPal ButtonPayPal Button

Independent Journalism

I've been a reporter, writer and editor for 37 years. I'm dedicated to honest, fair and hard-hitting reporting. I'm not conservative or liberal, but am just a reporter who tries to get to the truth at any given point in time. I don't believe in pulling punches or being a lap dog because that serves no one. A free and aggressive press is essential to human liberty. That's why the Founding Fathers put a free press in the Constitution. So on this site you'll get a variety of news, fearless opinion, analysis, humor, satire and commentary. It's kind of like a free-for-all. My motto is "Without fear and without favor."  But good journalism takes time and money, so I hope you will contribute what you can to these efforts by clicking on the "Donate" button above. I could use your help. Thanks, Dennis Domrzalski.

  • Facebook Social Icon
  • Twitter Social Icon
  • Google+ Social Icon

Get ABQReport's Udates

Breaking and daily news

bottom of page