Physical therapists in New Mexico 330 establishments · 3,127 employees · 2024

Firms (NM)

330

Employment

3,127

Avg Annual Pay

$48,540

State Rank

#40 of 52

How New Mexico compares to national

Metric	New Mexico	National	New Mexico vs. U.S.
Establishments	330	52,041	0.6% of U.S. total
Avg annual pay	$48,540	$51,845	-$3,305 (-6.4%)
Location quotient	1.12	1.00	12% denser than national
Avg firm size (employees)	9.5	9.5	—
Year-over-year firm growth	+4.8%	—	—

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An establishment is a single physical location where business is conducted. A firm with multiple locations counts as multiple establishments. "Avg pay" is wages and salaries per employee, including bonuses and tips — for proprietorships, the owner's take is largely outside this number. The location quotient (LQ) of 1.12 means physical therapists are 12% over-represented in New Mexico's business mix relative to the U.S. average.

Top 10 states for physical therapists

Rank	State	Firms	Avg Pay
1	California	5,292	$53,669
2	Florida	4,306	$51,697
3	New York	3,760	$53,480
4	Texas	3,337	$52,219
5	Pennsylvania	2,496	$55,394
6	New Jersey	1,990	$55,275
7	North Carolina	1,670	$50,828
8	Georgia	1,606	$49,360
9	Illinois	1,496	$53,357
10	Ohio	1,428	$47,554

Source. BLS Quarterly Census of Employment and Wages — 2024 annual averages, private-ownership only, NAICS 621340. Establishment counts include any firm with at least one paid employee covered by state unemployment insurance.

SMB Density · firm counts, employment, and wages by industry × state · data from BLS QCEW 2024 annual (private ownership, state-level; mostly 6-digit NAICS, 3 specialty-trade industries at 5-digit aggregation) · data.json