Is Becoming a Millwrights Worth It in New Mexico? ROI Analysis

Becoming a millwrights in New Mexico through an apprenticeship costs $0 in tuition. Apprentices earn approximately $207,125 during their 4 years of training. This is the most common and recommended path.

The median annual salary for millwrightss in New Mexico is $82,520 ($39.67/hr). Salaries range from $44,450 (10th percentile) to $99,200 (90th percentile) based on experience and specialization.

Financially, millwrightss in New Mexico earn $2,588,888 in cumulative earnings over 25 years, compared to $1,359,148 for the average college graduate. The trade path has a 0.5-year head start on earning income and $37,088 less in student debt. However, the right choice depends on your interests, career goals, and personal situation.

With an apprenticeship, there's no cost to pay back — you earn while you learn. This makes the millwrights career path one of the best financial investments available.

The Bureau of Labor Statistics projects +2% employment growth for millwrightss over the next decade (As fast as average). There are approximately 5,500 annual job openings nationwide.