Here's what it costs to live in Farmington, New Mexico, based on the latest US government data. Renters pay a median of $1,037 per month, while the typical home is valued around $233,000. Households earn a median of $68,784 per year, leaving rent at a manageable share of income for many residents. Below: housing costs, local wages by occupation, neighborhoods, climate, jobs and major industries, and healthcare access — all drawn from US Census, BEA, BLS, HUD, EPA, and NOAA data.
Median Household Income
$68,784
Annual · Census ACS
Median Gross Rent
$1,037
Per month · Census ACS
Median Home Value
$233,000
Census ACS
Cost of Living Index
N/A
BEA RPP · US avg = 100
Studio FMR
$882
HUD Fair Market Rent
1BR Fair Market Rent
$885
HUD FMR
2BR Fair Market Rent
$1,085
HUD FMR
3BR Fair Market Rent
$1,509
HUD FMR
HUD Fair Market Rent = 40th percentile gross rent · FY2024
| Occupation | Median Annual Wage |
|---|---|
| 💻Software Developer | N/A |
| 🏥Registered Nurse | N/A |
| 📚Elementary Teacher | N/A |
| ⚡Electrician | N/A |
| 📊Accountant | N/A |
| 🔧Plumber | N/A |
| ⚕️Nurse Practitioner | N/A |
| 🏗️Civil Engineer | N/A |
| 👔Operations Manager | N/A |
| 📈Market Research Analyst | N/A |
| 🏢Health Services Manager | N/A |
| 🚛Truck Driver | N/A |
| 👨⚕️Physician Assistant | N/A |
| 🩺Surgeon | N/A |
| 🧮Data Scientist | N/A |
| 🖥️Computer Engineer | N/A |
Source: BLS OEWS 2023 (metro-level data)
Population
46,314
Latest estimate
Median Age
38.7 yrs
Census ACS
🌬️
AQI data not available
Source: EPA AirNow
Total Neighborhoods
5
Tracked in our database
Avg Walk Score
N/A
0–100 scale
Avg Median Rent
$1,046
Per month
Avg Home Value
$249,750
Census ACS
January Avg
31°F
July Avg
78°F
Sunny Days / Year
—
Annual Snowfall
—
Climate category: Dry/Arid · Source: NOAA/NCEI 30-year normals.
Healthcare Score
30.0
poor
Hospitals
1
Doctors per 1,000
1.00
Insurance Coverage
88.8%
What is the cost of living index for Farmington?
The cost of living index for Farmington is not yet available in our database.
What is the median rent in Farmington?
The median gross rent in Farmington is $1,037 per month according to US Census ACS data.
What is the median household income in Farmington?
The median household income in Farmington is $68,784 per year.
What is the median home value in Farmington?
The median home value in Farmington is $233,000 based on the latest Census ACS survey.
How is the air quality in Farmington?
Air quality data for Farmington is not yet available.
What are the taxes like in Farmington?
Tax data for New Mexico is not yet available.
Data last updated: December 1, 2026 · Sources: US Census ACS, BEA RPP, BLS OEWS, HUD FMR, EPA AirNow, Tax Foundation · Methodology
