Farmington, New Mexico Economy

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Economy in Farmington, New Mexico

Farmington has an unemployment rate of 6.0%. The US average is 3.7%.

Farmington has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.

Tax Rates for Farmington
- The Sales Tax Rate for Farmington is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Farmington is 4.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Farmington
- The average income of a Farmington resident is $26,003 a year. The US average is $28,555 a year.
- The Median household income of a Farmington resident is $55,810 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

ECONOMY	Farmington, New Mexico	United States
	6.0%	3.7%
	2.5%	1.6%
	19.8%	33.5%
	8.3%	6.2%
	4.9%	4.6%
	$26,404	$31,177
	$55,179	$57,652
	$65,826	$70,850
POPULATION BY OCCUPATION
	0.7%	1.3%
	9.7%	0.6%
	5.6%	6.2%
	3.2%	10.4%
	4.6%	2.7%
	15.5%	11.6%
	2.7%	4.1%
	3.2%	0.9%
	1.3%	2.1%
	2.3%	4.7%
Real estate, rental, leasing	1.4%	1.9%

ECONOMY MAP

Unemployment Rate (US Avg: 5.2%)

Median HH Income (US Avg: $53k)

Recent Job Growth (US Avg: 1.59%)

Income Less Than $15k (US Avg: 12.55%)

Income Greater Than $200k (US Avg: 5.03%)

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Reviews for Farmington 24 Reviews

Do not move here if you value happiness. - 1/15/2019
The worst place I have ever lived. It is dirty, crime ridden, uneducated and good luck getting good medical care. San Juan anything sucks. Unfriendly, ugly, dusty,... Read More

Patricia | Flora Vista, NM | Reply | 2 Replies

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Don't move to Farmington - 5/5/2018
No social life, limited resources, dirty roads with potholes, unclean people, litter, no recreational resources of any value. Employment opportunities don't exist, lack... Read More

P Renee | Vancouver, WA | Reply | 1 Reply

Outdoor recreation on the cheap - 3/11/2018
World class fly fishing (San Juan shuffle!), nearby colorado skiing, and perhaps one of the best climates in the continental US (average western summer with mild winter,... Read More

Tyler | Lexington-Fayette, KY | Reply | No Replies

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MAPS OF FARMINGTON, NEW MEXICO

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ZIP CODES IN FARMINGTON, NEW MEXICO

87401 87402

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