Farmington, New Mexico is a great place to live with its affordable housing and cost of living. The average two-bedroom rent in Farmington is 850 dollars which is significantly lower than the US average rent of 1,430 dollars. Grocery costs are also lower in Farmington with a grocery index of 89 versus 100 in the US. This makes it an attractive place for people looking to move.
For those living in Farmington, there are plenty of things to do and places to explore. Outdoor activities such as golfing, hiking, biking, camping and fishing can be enjoyed at local areas like San Juan Golf Course or Animas River Trail Park. Local companies such as San Juan College and Northwest New Mexico Council of Governments offer plenty of job opportunities while points of interest such as Salmon Ruins and Heritage Park provide educational experiences about the region’s cultural history.
Farmington (zip 87499) has an unemployment rate of 9.7%. The US average is 6.0%.
Farmington (zip 87499) 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 18.2%, which is lower than the US average of 33.5%.
Tax Rates for Farmington (zip 87499)
- The Sales Tax Rate for Farmington (zip 87499) is 7.6%. The US average is 7.3%.
- The Income Tax Rate for Farmington (zip 87499) 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 87499)
- The average income of a Farmington (zip 87499) resident is $17,110 a year. The US average is $37,638 a year.
- The Median household income of a Farmington (zip 87499) resident is $30,156 a year. The US average is $69,021 a year.