Known as the Land of Enchantment, New Mexico offers a unique combination of opportunity and lifestyle for those considering moving to the state. New Mexico’s major industries play an important role in driving the economy and attracting new residents. Whether you’re browsing homes for sale in Albuquerque or apartments in Santa Fe, the state offers options for all types of home seekers. With its thriving industry and stunning natural scenery, New Mexico has a lot to offer. Explore the industries that shape New Mexico’s economy and why moving here could be your next adventure.
New Mexico Overview: Home Prices, Income, and Employment
Top Employers in New Mexico
New Mexico: 31,100 employees Honeywell International: 15,100 employees Walmart: 14,600 employees University of New Mexico: 11,900 employees Presbyterian Health Services: 11,600 employees
New Mexico’s 10 Major Industries
1. Oil and gas
Major Employers: Chevron, ConocoPhillips, XTO Energy (all based out of state and in New Mexico)
New Mexico is one of the nation’s leading states in oil and gas production, so it’s no surprise that the industry plays an important role in the state’s economy, contributing significant revenue and job opportunities. Job titles include petroleum engineers, equipment operators, geologists, and more. The high activity in the Permian Basin makes this sector ideal for skilled workers. The state is focused on energy, ensuring stability for homebuyers looking to relocate. Living near a resource hub provides added convenience and access to a strong local job market.
Considering moving to New Mexico to work in this industry? Consider homes for sale in Roswell or Carlsbad.
2. Tourism and hospitality
Major Employers: Heritage Hotels and Resorts (Albuquerque), Ski Santa Fe (Santa Fe), Meow Wolf (Santa Fe)
New Mexico’s rich culture and natural attractions make it popular for tourism and hospitality. My work is diverse, from hotel management to tour guides and event planning. Cities like Santa Fe and Taos draw tourists seeking art, history, and outdoor recreation. This industry is attractive to people who like working in a dynamic environment. Moving to New Mexico offers a lifestyle centered around culture and exploration.
Considering moving to New Mexico to work in this industry? Consider homes for sale in Albuquerque or Santa Fe.
3. Film and television production
Main employers: Netflix Studios (Albuquerque), NBCUniversal Studios (located in Albuquerque), IATSE Local 480 (Santa Fe)
New Mexico’s film industry is expanding, with major studios investing heavily in Albuquerque. Roles include production assistant, camera operator, set designer, and more. Stunning scenery and supportive tax incentives make this state a prime filming destination. Entertainment industry professionals will find ample opportunities here. Relocating gives you the chance to live in a state with a growing creative economy.
Considering moving to New Mexico to work in this industry? Consider homes for sale in Santa Fe or Albuquerque.
4. Technology and innovation
Major Employers: Sandia National Laboratories (Albuquerque), Los Alamos National Laboratories (Los Alamos), Intel Corporation (located in Rio Rancho)
New Mexico’s technology sector leads in research and development, with top employers driving innovation. Positions include software engineering, data analysis, research scientist, and more. These positions are attractive to those with technical expertise and seeking a rewarding career. The state’s research labs and technology companies attract experts from across the country. New Mexico has a wealth of opportunities to contribute to the advancement of cutting-edge technology.
Considering moving to New Mexico to work in this industry? Consider homes for sale in Los Alamos or Rio Rancho.
5. Renewable energy
Major Employers: Pattern Energy (New Mexico location), Avangrid Renewables (New Mexico location), Array Technologies (Albuquerque)
Renewable energy, such as solar and wind power, is a growing industry in the state, with more solar and wind power potential than nearly every other state. Job responsibilities include solar panel installation, wind turbine maintenance, and energy consulting. New Mexico’s vast open spaces and sunny climate make it ideal for renewable projects. Workers in this sector enjoy contributing to a sustainable future.
Considering moving to New Mexico to work in this industry? Consider homes for sale in Albuquerque or Santa Fe.
6. Medical care and social assistance
Major Employers: Presbyterian Healthcare Services (Albuquerque), Lovelace Health System (Albuquerque), Christus St. Vincent (Santa Fe)
New Mexico’s health care industry provides essential services and employs thousands of people. Occupations include nurses, doctors, administrative staff, etc. Rural and urban areas alike need qualified medical professionals. Homebuyers benefit from access to reputable healthcare systems in the state.
Considering moving to New Mexico to work in this industry? Consider homes for sale in Santa Fe or Albuquerque.
7. Education and research
Major Employers: University of New Mexico (Albuquerque), New Mexico State University (Las Cruces), Santa Fe Community College (Santa Fe)
Education is a pillar of New Mexico’s economy and offers a variety of career options. Opportunities include teaching, management, and research positions. The state’s higher education institutions are centers of innovation and workforce development. Home buyers and renters moving to the state value its educational resources. Living near a university also provides cultural and recreational opportunities.
Considering moving to New Mexico to work in this industry? Consider homes for sale in Santa Fe or Las Cruces.
8. Agriculture and food production
Major Employers: Dairy Farmers of America (New Mexico location), Leprino Foods (Roswell location), Bueno Foods (Albuquerque)
With a production value of more than $3.7 billion in 2022, agriculture contributes to New Mexico’s economy with the production of dairy products, chiles, and pecans. Roles include agriculture, food processing, and agricultural management. This industry supports rural communities while connecting residents to local food traditions. Buyers and renters appreciate the state’s focus on sustainability and agriculture. Moving here gives you access to fresh produce and a unique food culture.
Considering moving to New Mexico to work in this industry? Consider homes for sale in Roswell or Albuquerque.
9. Aerospace and Defense
Major Employers: Boeing, Raytheon, Virgin Galactic (all based out of state and in New Mexico)
Aerospace and defense is a growing industry, with roles in engineering, manufacturing, and testing. Companies in this sector are attracted to the state’s skilled workforce and testing coverage. Moving to New Mexico is attractive to those interested in aviation and space exploration. Residents also benefit from educational programs that support these careers. Living near these companies provides unique career opportunities and experiences.
Considering moving to New Mexico to work in this industry? Consider homes for sale in Santa Fe or Albuquerque.
10. Retail and e-commerce
Major Employers: Walmart, Albertsons, Amazon Fulfillment Center (all based out of state, New Mexico)
Retail remains a steady source of employment throughout New Mexico. Job duties include store management, logistics, and customer service. It is an industry that supports the local economy while meeting the needs of residents. Moving to the state provides easy access to the city’s growing retail hub. Buyers and renters find the convenience of a thriving retail industry appealing.
Considering moving to New Mexico to work in this industry? Consider homes for sale in Santa Fe or Seton Village.
