Water Heater Replacement Cost in New Mexico
$750 – $2,050We estimate water heater replacement in New Mexico at $750 to $2,050 for a 40 to 50 gallon gas or electric tank in the same location. The national estimate is $750 to $2,050. New Mexico plumber pay is 4% below the national median, ranking 36 of 51.
| Part of the job | Low | High |
|---|---|---|
| Parts and materials (our assumption) | $600 | $1,500 |
| Labor hours (our assumption) | 2 | 4 |
| Billed labor rate per hour | $74 | $133 |
| Estimated total | $750 | $2,050 |
Our estimate, not a quote. Billed rate is the New Mexico median wage from BLS (2025, $29.54 an hour) times 2.5 to 4.5 to cover payroll costs, overhead, travel and profit. How we estimate
What our assumptions are based on
| Item | Sourced figure | Basis | Source |
|---|---|---|---|
| Labor hours | 1 – 3 | 1 to 3 hours for a standard tank installation. | This Old House |
What other publishers report
| Publisher | Low | High | Scope |
|---|---|---|---|
| Fixr | $550 | $2,300 | 40-gallon tank installed. Page dated January 2026. |
| Fixr | $700 | $2,500 | 50-gallon tank installed. Page dated January 2026. |
| This Old House | $600 | $1,200 | 40-gallon tank installed. Page dated June 2026. |
| This Old House | $700 | $1,800 | 50-gallon tank installed. Page dated June 2026. |
Who can legally do this in New Mexico
Plumbing falls under the Construction Industries Division's Mechanical Plumbing licensing category, and the handyman exemption does not cover plumbing or gas fitting.
Check a license with New Mexico Construction Industries Division license search
Compared with neighboring states
| State | Median wage | Low | High |
|---|---|---|---|
| Arizona | $29.84 | $750 | $2,050 |
| Colorado | $30.40 | $750 | $2,050 |
| Oklahoma | $27.87 | $740 | $2,000 |
| Texas | $28.77 | $740 | $2,000 |
| Utah | $29.76 | $750 | $2,050 |
Other plumber jobs in New Mexico
- Toilet Replacement
- Faucet Replacement
- Drain Cleaning
- Garbage Disposal Replacement
- Tankless Water Heater Installation
- Pipe Repair
- Whole-House Repipe
- Sewer Line Repair
Water Heater Replacement cost in every state · New Mexico home repair guide
Sources
General information, not professional advice. Conditions, codes and prices vary. Turn off power, gas or water before any work, and hire a licensed professional when in doubt. Cost figures are our estimates, not quotes.