Farmington, NM
46,314Residents
$68,784Median household income
$1,037/moMedian gross rent
$233,000Median home value
38.7Median age
26%Adults with a bachelor’s degree or higher
66%Homes lived in by their owners
3.4×Home value to household income
Median rent takes about 18% of the median household income in Farmington.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $41,000 a year. In New Mexico that leaves roughly $2,760 a month after tax. See the full paycheck breakdown for $40,000.
Largest places in New Mexico
All cities in New Mexico · Highest-paying jobs in New Mexico
Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.