Median Income
$61,388
household / year
Median Home Value
$219,300
owner-occupied
Median Rent
$980
gross / month
Cost of Living
95
national avg = 100

Is Farmington, NM a Good Place to Live?

Farmington is a small city of 46,457 in New Mexico, with a median household income of $61,388 and a 7.7% unemployment rate. Its cost of living index is 95 (US average = 100), which is 5% below the national average.

Strengths: Farmington stands out for an affordable cost of living, below-average home prices, short average commutes.

Trade-offs: Potential downsides include a higher-than-average crime index, an elevated unemployment rate. Whether Farmington is right for you depends on your priorities — the full breakdown is below.

All Farmington city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.

Cost of Living

Index: 94.9

Farmington's overall cost of living index is 94.9, where 100 represents the US national average. Living in Farmington costs roughly 5% less than the average American city.

Metric Farmington, NM National Avg
Median Home Value $219,300 $244,900
Median Monthly Rent $980 $1,163
Homeownership Rate 62.9% 65.9%
Median Household Income $61,388 $74,755

Crime & Safety

High Crime

Farmington's violent crime rate is 951.2 per 100,000 residents — 150% higher than the national average of ~380 per 100,000.

Violent Crime
951.2 /100k
Property Crime
2459.4 /100k

Vertical marker = national average. Source: FBI UCR Program.

Schools & Education

Farmington is served primarily by FARMINGTON. The student-to-teacher ratio is 15.8:1 (better than the national average of ~16:1).

Metric Farmington, NM National Avg
School District FARMINGTON
Elementary Schools 10
Middle Schools 4
High Schools 4
Student/Teacher Ratio 15.8:1 16:1
Bachelor's Degree or Higher 20.6% 35.4%
High School Diploma or Higher 87.6% 91.1%

Weather & Climate

Farmington sees average highs of 43.0°F in January and 93.3°F in July, with 7.8 inches of annual precipitation and 8.6 inches of snow per year.

MetricFarmington, NM
Average High — January43.0°F
Average High — July93.3°F
Annual Precipitation7.8"
Annual Snowfall8.6"

Demographics

MetricFarmington, NMNational Avg
Population46,457
Median Age35.738.9
Unemployment Rate7.7%3.7%
Avg Commute Time18.2 min26 min
White (non-Hispanic)52.8%59.3%
Black or African American0.7%13.6%
Hispanic or Latino12.5%18.9%
Asian1.1%6.3%
Under 1828.5%22.2%
65 and over14.1%16.8%

Nearby Cities

ZIP Codes in Farmington

Farmington, NM is covered by 2 ZIP codes:

Farmington vs Other Cities

Frequently Asked Questions

Farmington's cost of living index is 95, where 100 is the national average. That makes Farmington roughly 5% less expensive than a typical US city — a meaningful affordability advantage. The median home price is $219,300 and median rent is $980/month.
Farmington's violent crime rate is 951.2 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 2459.4 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
Public schools in Farmington are operated by FARMINGTON. The district has 10 elementary, 4 middle, and 4 high schools. The student-to-teacher ratio is 15.8:1. 20.6% of adults 25+ hold a bachelor's degree or higher.
Farmington, NM has a population of 46,457, a median household income of $61,388, and an unemployment rate of 7.7%. It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Farmington averages 43.0°F in January and 93.3°F in July. Annual rainfall is 7.8 inches with about 8.6 inches of snow per year. Based on NOAA 30-year climate normals (1991–2020).
Farmington, NM is covered by 2 ZIP codes: 87401, 87402.
The population of Farmington, New Mexico is 46,457 with a median age of 35.7. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Farmington: cost of living index 95 (100 = US average), median home $219,300, median household income $61,388, crime index 197 (100 = US average, lower is safer), schools rated C+. Whether these are benefits or drawbacks depends on where you're coming from — compare Farmington side by side with your current city to see the trade-offs.