Turnover Cost: Electricians, New Mexico (2025)
Verified cost of employee turnover for the selected Electricians population in New Mexico, United States, drawn from U.S. Bureau of Labor Statistics (2025-may).
Electricians · New Mexico, United States
Source: U.S. Bureau of Labor Statistics
Estimated from a U.S. Bureau of Labor Statistics annual mean wage of $59,620 for Electricians in New Mexico, United States (2025-may), multiplied by the 0.5×–2× cost of replacing an employee reported by SHRM and Gallup. The Bureau of Labor Statistics publishes the wage, not the cost — the range is a planning estimate, and a real figure depends on time-to-fill, ramp-up, and lost productivity.
How Electricians compares in New Mexico, United States
Annual mean wage — the input to the estimate above, compared directly rather than as a derived range. See all 33 industries.
What this means
Replacing an electrician in New Mexico costs between $29,800 and $119,200, given the annual mean wage of $59,620 per May 2025 data. This replacement cost range applies SHRM's framework of 50% to 200% of annual salary. Actual figures vary based on how long it takes to hire, how quickly new employees ramp up, and productivity loss during the vacant period.
Estimated cost of turnover: Electricians vs regional average
| Measure | Electricians | Regional average |
|---|---|---|
| Estimated cost of turnover | $59,620 | $77,612 |