Farmington, NM Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
92
Farmington's Overall Cost Of Living
0.9x
Lower Than The National Average
29 out of 44
In New Mexico
1,974 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Farmington is expensive, while a number below 100 means it's a relatively cheap place to live.

What is the cost of living in Farmington, NM?

According to the most recent data on the cost of living, Farmington has an overall cost of living index of 92 which is 0.9x lower than the national index of 100.

Compared to only New Mexico, Farmington has a cost of living index that's 1.0x lower than New Mexico's index of 92.

The standard of living in Farmington ranks as #1,974 most affordable out of the 6,418 places we measured in New Mexico. By definition, that implies Farmington ranks as the #4,444 most expensive place in the Land of Enchantment.

For more reading on life in Farmington, check out:

Farmington Cost Of Living Vs. New Mexico

Living Expense Farmington New Mexico National Average
Overall 92 92 100
Services 84 92 100
Groceries 95 94 100
Health 99 98 100
Housing 94 87 100
Transportation 89 88 100
Utilities 92 91 100
For more reading on cost of living around New Mexico, check out:
Farmington Cost of Living Vs. NM

Farmington, NM Housing Cost Breakdown

Housing swings affordability the most between places in New Mexico, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$188,500
Median Home Value
$892
Median Rent
$56,576
Median Income
Statistic Farmington New Mexico United States
Median Home Value $188,500 $175,700 $229,800
Median Rent $892 $857 $1,096
Median Income $56,576 $51,243 $64,994
Home Value To Income 3.3x 3.4x 3.5x
Rent To Monthly Income 0.19x 0.2x 0.2x

Detailed Farmington Services Costs Vs. New Mexico

Item Farmington New Mexico
Shampoo $0.92 $1.06
Movie $9.5 $10.68
Bowling $11.2 $14.67

Detailed Farmington Groceries Costs Vs. New Mexico

Item Farmington New Mexico
Ground Beef $4.9 $4.22
Fried Chicken $1.11 $1.39
Milk $1.96 $2.05

Detailed Farmington Health Costs Vs. New Mexico

Item Farmington New Mexico
Haircut $18.38 $18.62
Beauty Salon $35.53 $39.05
Toothpaste $2.79 $2.34

Detailed Farmington Transportation Costs Vs. New Mexico

Item Farmington New Mexico
Potatoes $3.05 $3.29
Pizza $9.67 $10.62
Beer $8.22 $9.38
Optometrist $118.86 $108.57
Doctor $127.67 $116.17
Dentist $86.56 $99.13

Detailed Farmington Utilities Costs Vs. New Mexico

Item Farmington New Mexico
Gasoline $1.97 $2.22
Tire Balancing $40.79 $50.07
All Electricity $150.01 $167.67
Phone $183.97 $175.64

Farmington SnackAbility

5
/10
Overall SnackAbility
Jobs
6/10
Housing
8
Affordability
7
Diversity
10
Safety
3
Amenities
8.5
Education
6
Commute
9

Cost Of Living In Cities Around Farmington

City Population Cost Of Living Vs. Farmington
Bloomfield, NM 7,791 86 0.9x
Aztec, NM 6,467 86 0.9x
Lee Acres, NM 5,318 88 1.0x

Articles About New Mexico

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