Economy in Farmington, New Mexico
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Economy
| Unemployment Rate | 5.90% | 9.10% |
| Recent Job Growth | -0.17% | -0.12% |
| Future Job Growth | 33.76% | 31.25% |
| Sales Taxes | 7.00% | 6.80% |
| Income Taxes | 5.30% | 6.25% |
| Income per Cap. | $23,419 | $27,067 |
| Household Income | $47,828 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 13.47% | 12.10% |
| Income between 15K and 25K | 10.77% | 10.18% |
| Income between 25K and 35K | 12.56% | 10.56% |
| Income between 35K and 50K | 15.39% | 14.98% |
| Income between 50K and 75K | 19.01% | 19.53% |
| Income between 75K and 100K | 12.73% | 12.52% |
| Income between 100K and 150K | 10.87% | 12.14% |
| Income between 150K and 250K | 3.13% | 3.91% |
| Income between 250K and 500K | 1.60% | 3.34% |
| Income greater than 500K | 0.48% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 10.94% | 13.81% |
| Professional and Related Occupations | 17.93% | 22.68% |
| Service | 12.00% | 14.51% |
| Sales and Office | 24.19% | 25.22% |
| Farming, Fishing, and Forestry | 0.26% | 0.68% |
| Construction, Extraction, and Maintenance | 16.06% | 9.37% |
| Production, Transportation, and Material Moving | 17.79% | 15.86% |
The unemployment rate in Farmington, NM, is 5.90%, with job growth of -0.17%. Future job growth over the next ten years is predicted to be 33.76%.
Farmington, NM Taxes
Farmington, NM,sales tax rate is 7.00%. Income tax is 5.30%.
Farmington, NM Income and Salaries
The income per capita is $23,419, which includes all adults and children. The median household income is $47,828.
Farmington Economy SperlingViews
CPI: Look to see the... (read more)Farmington economy: The local economy in farmington has been very good the last several years due to a very strong oil and gas field. BP America and Conoco-Phillips are very large employers... (read more)A Little Bit of All Types of Weather: Farmington, New Mexico (also known as the Four Corners Area) is a high desert community with warm days and cool nights and sits at the foothills of the Rocky Mountains... (read more)Have an opinion about Farmington? Leave a commentTo See All SperlingViews for Farmington Click Here
