Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.
Median earnings of all students 10 years after enrollment. Includes students that did not graduate.
EarningsPluscompares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.
Schools are assigned a value from 1-100, where 100 is best for students from households earning up to $30,000. This value is multiplied by the percentage of the school’s student body that received a Pell Grant, to calculate the economic mobility score. A higher score is better. Read the full explanation
The percentage of a school’s student body that has received a Pell Grant.
Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.
Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (49%) are not displayed.
The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.
The total debt accrued by the median student at the time of graduation.
The debt-to-earnings ratio is calculated by dividing student debt upon graduation by the annual salary. A debt to earnings ratio of 1 means that annual educational debt is the same as annual earnings.
Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.
EarningsPluscompares student earnings after college against a benchmark that Degreechoices adjusts based on each school’s unique mix of academic programs and the in-state/out-of-state composition of the student body.
Payback measures how long it takes the average student to pay back the total cost of attending college with marginal earnings. Marginal earnings are the difference between what the average student would have earned before attending college and what they earn afterwards.
The top-ranked colleges in New Mexico are New Mexico Institute of Mining and Technology and Northern New Mexico College. New Mexico is known for its rich Native American culture, stunning natural attractions like the White Sands and Carlsbad Caverns, and historic sites such as Taos Pueblo. The state's unique blend of art, history, and natural beauty makes it an inspiring destination for students.
Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.
Cost$5,441
The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.
Earnings$76,489
Median earnings of all students 10 years after enrollment. Includes students that did not graduate.
Graduation rate56%
Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (49%) are not displayed.
Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.
Cost$7,638
The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.
Earnings$38,112
Median earnings of all students 10 years after enrollment. Includes students that did not graduate.
Graduation rate50%
Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (49%) are not displayed.
Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.
Cost$13,873
The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.
Earnings$44,792
Median earnings of all students 10 years after enrollment. Includes students that did not graduate.
Graduation rate59%
Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (49%) are not displayed.
Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.
Cost$8,495
The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.
Earnings$39,067
Median earnings of all students 10 years after enrollment. Includes students that did not graduate.
Graduation rate56%
Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (49%) are not displayed.
Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.
Cost$8,935
The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.
Earnings$45,937
Median earnings of all students 10 years after enrollment. Includes students that did not graduate.
Graduation rate45%
Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (49%) are not displayed.
Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.
Cost$7,669
The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.
Earnings$38,550
Median earnings of all students 10 years after enrollment. Includes students that did not graduate.
Graduation rate48%
Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (49%) are not displayed.
Our economic score ranks programs based on a combination of payback and EarningsPlus. Lower scores are better. Check our methodology page for details and data sources.
Cost$11,311
The median net cost of students who receive federal financial aid. This is lower than the price advertised by the school.
Earnings$39,095
Median earnings of all students 10 years after enrollment. Includes students that did not graduate.
Graduation rate46%
Graduation rates below the school’s state average are shown in red. Schools with graduation rates in the bottom 25% nationally (49%) are not displayed.
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Average income based on education level
The following figures are the average salaries in New Mexico for each level of education.
Average Income
The average income of people in this state with a high-school diploma, certificate, associate degree, bachelor’s degree, or master’s degree, 10 years after enrollment, based on 2021-2022 CSC data.
HS Diploma$31,961
CertificateN/A
Associate$46,833
Bachelor$49,006
Master$58,639
Cost of attending college in New Mexico
In-state-tuition$10,419
The average in-state tuition, before financial aid, of all 4-year institutions in the state. Includes public, private, online, on-campus, non-profit, and for-profit institutions. Based on 2021-2022 CSC data.
Out-of-state-tuition$17,277
The average tuition for out-of-state students, before financial aid of all 4-year institutions in the state. Includes public, private, online, on-campus, non-profit, and for-profit institutions. Based on 2021-2022 CSC data.
Most popular degrees in New Mexico
In New Mexico the most popular degrees are Business Administration, Registered Nursing, and Liberal Arts and Sciences. To create this list, we complied and analyzed data from IPEDS and College Scorecard.
They both provide information on how many graduates each program has annually. The list below is both undergraduate- and graduate-level programs.
Popular degrees
1Business Administration 1,141graduates
2Registered Nursing 891graduates
3Liberal Arts and Sciences 586graduates
4General Psychology 577graduates
5Biology 457graduates
6Education-grades & methods 417graduates
7Criminal Justice 342graduates
8Social Work 306graduates
9Mental & Social Health Services 299graduates
10Mechanical Engineering 287graduates
Fastest growing careers
New Mexico job growth
11.6%
Ushers, Lobby Attendants, and Ticket Takers
173.9%
Fitness Trainers and Aerobics Instructors
79.5%
Nurse Practitioners
55.7%
Information Security Analysts
42.9%
Physical Therapist Assistants
37.7%
Massage Therapists
37.5%
Art Directors
35.7%
Medical and Health Services Managers
35.4%
Epidemiologists
33.3%
Physician Assistants
32%
Best bachelor’s degrees in New Mexico
These majors are most likely to pay off economically after graduation.
Higher education is supposed to act as an economic elevator that lifts students from low-income households into the middle class. But not all colleges do this: unfortunately, many of the nation’s most “prestigious” schools accept very few students from low-income backgrounds.
To determine what colleges are doing the best job at lifting students out of poverty, we have devised a Social Mobility Index (SMI).
The best colleges for social mobility in New Mexico are shown below.
Bachelor's degree holders or higher
27.6%
Filters
New Mexico
11.6%
