New Mexico · Census place 25800
Farmington city, NM
Quick answer
Farmington city has 46,339 residents, ranking #6 of 527 places in New Mexico. Median household income is $63,745, the median home is worth $225,400 and median gross rent runs $993 a month.
- Population
- 46,339Farmington city residents
- Median household income
- $63,745Past 12 months, inflation adjusted
- Median home value
- $225,400Owner-occupied units
- Median gross rent
- $993Rent plus utilities, monthly
- Median age
- 37 yrsAll residents
- Homeownership rate
- 63.5%Owner-occupied households
What the numbers mean in Farmington city
Housing cost measured against local earnings.
A household earning the Farmington city median would spend about 18.7% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 19.7% of residents and 63.5% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in New Mexico.
- Rio Rancho city 106,533
- Santa Fe city 88,224
- Roswell city 47,823
- Hobbs city 39,887
- Clovis city 38,153
- South Valley CDP 36,605
- Carlsbad city 31,813
Keep going
More New Mexico coverage.