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ZipNumbers

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

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