Living in Farmington, New Mexico
Cost of living, income, home prices, rent and demographics of Farmington · Census data 2020–2024
Farmington has 46,314 residents with a median age of 38.7. The median household income is $68,784 (7% higher than the New Mexico median), the median home value is $233,000, the median rent is $1,037/month.
Farmington at a glance
- Population
- 46,314
- Median age
- 38.7State: 39.4
- Median household income
- $68,784State: $64,059
- Median home value
- $233,000State: $248,100
- Median rent
- $1,037/moState: $1,067
- Homeowners
- 66.2%
- Bachelor's degree or higher
- 26.2%
- Average commute
- 20 min
Is Farmington a good place to live?
Pros: Median household income 7% higher than the New Mexico median; home values 6% lower than the state median; an average commute of 20 minutes; unemployment of 3.9%; a poverty rate of 17.4%.
The weather is best in April–May and September–October.
Cost of living in Farmington
Housing is the biggest part of the cost of living. In Farmington the median home value is $233,000, 30% lower than the U.S. median. Renters pay a median of $1,037 per month, which is 27.5% of household income. Homeowners with a mortgage pay $1,603 a month in housing costs.
Farmington median household income
The median household income in Farmington is $68,784 and the income per person is $33,855. 17.4% of residents live below the poverty line (New Mexico: 17.8%).
Housing in Farmington: homes for sale and rent
- Housing units
- 18,788
- Owner-occupied
- 66.2%
- Renter-occupied
- 33.8%
- Vacant
- 8.9%Includes seasonal homes
- Median year built
- 1982
- Average household size
- 2.64
Farmington demographics
- Population
- 46,314
- Median age
- 38.7
- Under 18
- 26.4%
- 65 and older
- 16.6%
- Households
- 17,114
- Foreign-born
- 3.3%
- Veterans
- 7.5%Adults 18+
Hispanic or Latino can be of any race. Population history of Farmington ›
Education in Farmington
26.2% of adults 25 and older in Farmington have a bachelor's degree or higher (New Mexico: 31%), and 10.7% have a graduate or professional degree.
Jobs and commute in Farmington
- Unemployment rate
- 3.9%State: 6%
- Average commute
- 20 minState: 24 min
- Work from home
- 6.1%
- Drive alone
- 83.9%
- Public transit
- 0%
- Walk to work
- 2.8%
- Homes with broadband
- 80.5%
Farmington vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Farmington | 46,314 | $68,784 | $233,000 | $1,037 |
| Crouch Mesa | 4,812 | $63,750 | $89,200 | $1,040 |
| Flora Vista | 2,770 | $44,352 | $219,300 | $1,495 |
| South River | 1,810 | $68,668 | $260,100 | — |
| Napi Headquarters | 717 | $28,831 | — | $439 |
| Lee Acres | 4,272 | $44,583 | $187,400 | $1,077 |
| Upper Fruitland | 1,457 | $49,453 | $86,200 | — |
| Spencerville | 1,264 | $78,899 | $255,000 | $1,301 |
| West Hammond | 2,236 | $48,929 | $209,300 | $1,208 |
More for people moving to Farmington
Farmington ZIP code ›Weather and climate ›Living in Farmington: FAQ
What is the median household income in Farmington, NM?
The median household income in Farmington is $68,784, 7% higher than the New Mexico median of $64,059 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Farmington?
The median home value in Farmington is $233,000, compared with $248,100 in New Mexico.
How much is rent in Farmington?
The median gross rent in Farmington is $1,037 per month, about 27.5% of household income.
Is Farmington, NM a good place to live?
Pluses: median household income 7% higher than the New Mexico median; home values 6% lower than the state median; an average commute of 20 minutes; unemployment of 3.9%; a poverty rate of 17.4%.
What is the median age in Farmington?
The median age in Farmington is 38.7 years (New Mexico: 39.4).
How long is the commute in Farmington?
The average commute to work in Farmington is 20 minutes; 6.1% of workers work from home.
What is the unemployment rate in Farmington?
The unemployment rate in Farmington is 3.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Farmington?
26.2% of adults in Farmington have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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