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Workers’ comp insurance cost for fast food in New Mexico
Published 2026-06-11 · by Brokly
- 33% of NM fast-food restaurants have 20–49 employees — the chart below prices every size band from its own observed payroll.
- New Mexico sits 36th of 51: ID pays more ($0.97), IN less ($0.73).
- Workers’ comp is one of several coverages — see everything your fast-food restaurant needs in New Mexico →
What do New Mexico fast-food restaurants pay for workers’ comp?
Modeled annual premium across the real size distribution of NM fast-food restaurants
bar height = how many fast-food restaurants are that size · figures = modeled annual cost
Cohort: size distribution of 1,651 NM fast-food restaurants (Census CBP 2023); premiums modeled from one filed rate ($0.84/$100 payroll, 2024). Bands shown cover 1,398 of 1,651 establishments (84.7%) — 253 establishments in larger, very small-count, or data-suppressed size bands are not shown. 2023 payroll dollars, not inflation-adjusted. Illustrative benchmark — not a quote or coverage recommendation.
Sources: Oregon DCBS workers' compensation premium rate ranking study, June 2025 (calendar-year 2024 rates) (as of calendar year 2024, retrieved 2026-06-04) · US Census County Business Patterns 2023, state file (Limited-service restaurants (NAICS 722513)) (as of 2023, retrieved 2026-06-05)
How does New Mexico compare to nearby ranks?
Calculated manual rates, $ per $100 payroll, NCCI class 9083 (Restaurant: Fast Food), 2024. See all 51 jurisdictions →
| Rank | State | Rate / $100 payroll |
|---|---|---|
| 32 | Oregon | $0.92 |
| 33 | Mississippi | $0.91 |
| 34 | Kansas | $0.90 |
| 35 | North Carolina | $0.86 |
| 36 | New Mexico | $0.84 |
| 37 | Texas | $0.81 |
| 38 | Massachusetts | $0.81 |
| 39 | Virginia | $0.74 |
| 40 | District of Columbia | $0.74 |
Sources: Oregon DCBS workers' compensation premium rate ranking study, June 2025 (calendar-year 2024 rates) (as of calendar year 2024, retrieved 2026-06-04)
Frequently asked questions
What does workers' comp cost fast-food restaurants in New Mexico?
Modeled from the 2024 filed manual rate of $0.84 per $100 of payroll: a 20–49-employee fast-food restaurant lands around $3.4k–$8.3k per year before experience mods and schedule credits.
What drives the rate up or down?
Three levers: payroll (the exposure base), claims history (the experience modifier), and schedule credits/debits the insurer applies. Fast-food restaurants fall under NCCI class 9083 (Restaurant: Fast Food); full-service restaurants (class 9082) and bars (9084) are rated separately.
Fast food in nearby-ranked states: North Carolina ($0.86) · Texas ($0.81) · Kansas ($0.90) · Massachusetts ($0.81)
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Illustrative benchmark — not a quote or coverage recommendation. Figures are modeled from public filings and Census data for 1,651 New Mexico fast-food restaurants; your premium depends on your payroll, claims history, and carrier.