Farmington, NM Cost Of Living

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Updated: 2020-03-08
92
Farmington's Overall Cost Of Living
0.9x
Lower Than The National Average
The cost of living index is set to 100 for the average place in America. An index above 100 means Farmington is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Farmington, NM?

According to the most recent data on the cost of living, Farmington has an overall cost of living index of 92 which is 0.9x lower than the national index of 100.

Compared to only New Mexico, Farmington has a cost of living index that's 1.0x lower than New Mexico's index of 92.

The standard of living in Farmington ranks as #2060 most affordable out of the 6522 places we measured in New Mexico. By definition, that implies Farmington ranks as the #4346 most expensive place in the Land of Enchantment.

Farmington Cost Of Living Vs. New Mexico

Living Expense Farmington New Mexico National Average
Overall 92 92 100
Services 90 92 100
Groceries 96 99 100
Health 100 99 100
Housing 92 86 100
Transportation 89 97 100
Utilities 95 87 100
For more reading on cost of living around New Mexico, check out:
Farmington Cost of Living Vs. NM

Farmington, NM Housing Cost Breakdown

Housing swings affordability the most between places in New Mexico, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$187,900
Median Home Value
$862
Median Rent
$56,368
Median Income
Statistic Farmington New Mexico United States
Median Home Value $187,900 $166,800 $204,900
Median Rent $862 $828 $1,023
Median Income $56,368 $48,059 $60,293
Home Value To Income 3.3x 3.5x 3.4x
Rent To Monthly Income 0.18x 0.21x 0.2x

Farmington SnackAbility

5
/10
Overall SnackAbility
Jobs
7/10
Housing
8
Affordability
7
Diversity
10
Safety
3
Amenities
8.5
Education
7
Commute
9

Cost Of Living In Cities Around Farmington

City Population Cost Of Living Vs. Farmington
Bloomfield, NM 7,996 87 0.9x
Aztec, NM 6,567 89 1.0x
Lee Acres, NM 6,084 88 1.0x

Articles About New Mexico

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