New Mexico
Economic Conditions
Diversity New
Mexico has a diverse population base and a varied housing stock, which makes it
an extremely attractive state in the Southwest. 
Learn more about New Mexico diversity (NMSiteSearch.com)
Learn
more about New Mexico housing (NMSiteSearch.com)
Labor force
Expansion
in high-tech jobs is under way at Intel and many other companies. Customer support
centers such as America Online, ClientLogic, Citicorp and Bank of America are
also growing. New Mexico has the 12th-lowest worker's compensation rates
in the United States.
Read New Mexico labor-force statistics (NMSiteSearch.com)
Responsive congressional delegation
We pride
ourselves on the dedication of our members of Congress to New Mexico's economic
development. They are accessible and responsive to us.
Higher education
The metro area offers high-quality
educational opportunities from vocational training to graduate- level university
programs.
Work force training
The new TVI Workforce Training Center provides rapid, flexible training for
companies. Call center training is available through WTC and at New Mexico Highlands
University's campus in Rio Rancho.
Cost of living
The cost-of-living
index compares price levels for consumer goods and services. The average for all
participants is 100. 2001 Data - 102.8 Albuquerque
- 98.2
Rio Rancho
- 114.5 Santa Fe
- 100.8 Phoenix
- 114.7 Scottsdale
- 104.1
Portland
- 107.0 Las Vegas
- 108.6 Denver
Housing
You can live in the mountains, near
the river in an agricultural area, on a mesa with a 100-mile view, downtown in
an urban setting, on a golf course, in a 200-year-old adobe under towering cottonwoods
or in a comfortable suburban setting. Albuquerque is a livable metropolis with
an average commuting time of only about 20 minutes. The average cost for
a single family house, 2,000-square-foot, 8-room, 4-bedroom, 2 1/2-bath house
in a middle-income community are as follows: - Albuquerque $132,500
- Austin
$144,150
- Dallas $148,000
- Phoenix $142,843
- San Diego
$201,800
- San Jose $413,200
- Santa Fe (city) $183,500
- Salt
Lake City $150,000
Technology
resources
Albuquerque is home to Sandia National
Laboratories, Air Force Research Lab Directed Energy Directorate and the University
of New Mexico, a research university. The national labs and other research
facilities have influenced the work force and industry profile including:
- A high proportion of the work force has advanced scientific and engineering
degrees.
- A large pool of skilled craftspeople, master machinists and fabricators
are available to translate research and develop concepts into reality.
- Thousands
more technicians have received specific production process training in such areas
as robotics and semiconductors.
- New Mexico's research strength is a key
element in defining the technology clusters of the "next-generation economy."
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