Farmington, New Mexico is a vibrant city located in San Juan County. It has a population of about 47,000 people and is known for its outdoor adventures and captivating cultural experiences. The average two bedroom rent in the area is $1,170, which is lower than the US average of $1,430. Grocery cost index in Farmington is 97 versus 100 in the US.
Farmington residents have access to many local businesses such as Four Corners Regional Hospital and San Juan College. It also offers plenty of outdoor activities with places like Riverside Nature Center and Navajoland. For those seeking relaxation and pampering there are several spas around the city such as Riverstone Day Spa & Salon. There are also popular cultural attractions like Salmon Ruins Museum where visitors can explore ancient ruins from the Anasazi culture. Plus with the nearby Navajo Nation Reservation there’s always something new to discover!
Farmington (zip 87402) has an unemployment rate of 9.0%. The US average is 6.0%.
Farmington (zip 87402) has seen the job market decrease by -7.9% 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 (zip 87402)
- The Sales Tax Rate for Farmington (zip 87402) is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Farmington (zip 87402) 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 (zip 87402)
- The average income of a Farmington (zip 87402) resident is $33,563 a year. The US average is $37,638 a year.
- The Median household income of a Farmington (zip 87402) resident is $65,046 a year. The US average is $69,021 a year.