Question 1

How much does workers' comp cost for Machinist NOC in New Mexico?

Accepted Answer

The current rate for Machinist NOC (Class Code 3685) in New Mexico is $5.00 per $100 of payroll. This means an employee earning $50,000/year would cost approximately $2500 per year in workers' comp premium.

Question 2

Is workers' comp mandatory in New Mexico?

Accepted Answer

Yes, workers' compensation insurance is mandatory in New Mexico for employers with 3 or more employees.

Question 3

How does New Mexico's rate compare to other states?

Accepted Answer

New Mexico's rate for Machinist NOC is $5.00, which is $0.44 below the national average of $5.44 (-8%).

Question 4

What does class code 3685 cover?

Accepted Answer

Covers machinists performing general machining operations not otherwise classified.

State	Rate per $100	Difference
New Mexico (current)	$5.00	—
Indiana	$3.98	-1.02
Texas	$4.18	-0.82
Virginia	$4.23	-0.77
Utah	$4.34	-0.66
Arkansas	$4.49	-0.51

Workers' Comp Rate for Machinist NOC in New Mexico (Class Code 3685)

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