Research and Development in the Physical, Engineering, and Life Sciences in New Mexico

Research and Development in the Physical, Engineering, and Life Sciences (NAICS 54171) in New Mexico reports 31,214 workers across 147 establishments, with N/A of aggregate annual payroll flowing through Census CBP 2023 filings. That represents 3.3% of national employment for this industry, a concentration ratio that tells you whether New Mexico is a primary labor market for this NAICS code or a smaller satellite. A share above 5% signals a meaningful regional cluster; below 1% usually means the state is not a structural fit for this industry at scale.

Wage benchmarking is where state-level data earns its keep. Average payroll per employee data is partial for this state-industry combination; use the Compare to National Average panel below for the fields that are reported.

Profitability data is only available at the national level because the IRS Statistics of Income program does not publish state-level margin breakdowns. The national net profit margin for Research and Development in the Physical, Engineering, and Life Sciences is not reported, and while margins do vary by state, the direction of variance usually follows labor cost and establishment size, both shown above. For a complete picture, pair this state-industry view with the Research and Development in the Physical, Engineering, and Life Sciences national page (entity structure, SBA lending, sub-industries) and the New Mexico overview (top employers, payroll dispersion across industries).