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 99, which is 1.0x lower than the national index of 100.
Compared to New Mexico, Farmington has a cost of living index that's 1.1x higher than New Mexico's index of 93.
The standard of living in Farmington ranks as #31 most affordable out of the 45 places we measured in New Mexico. By definition, that implies Farmington ranks as the #14 most expensive place in the Land of Enchantment.
For more reading on life in Farmington, check out:
Farmington Cost Of Living Vs. New Mexico
Six factors go into calculating the cost of living index in Farmington. Here is how it fares on each of the criteria:
The Services index in Farmington is 102.
The Groceries index in Farmington is 99.
The Health index in Farmington is 102.
The Housing index in Farmington is 97.
The Transportation index in Farmington is 94.
The Utilities index in Farmington is 97.
| Living Expense | Farmington | New Mexico | National Average |
|---|---|---|---|
| Overall | 99 | 93 | 100 |
| Services | 102 | 98 | 100 |
| Groceries | 99 | 96 | 100 |
| Health | 102 | 86 | 100 |
| Housing | 97 | 99 | 100 |
| Transportation | 94 | 95 | 100 |
| Utilities | 97 | 94 | 100 |
Farmington Cost Of Living Compared To New Mexico Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around New Mexico, check out:
Protect your home budget Compare home warranties in Farmington Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Farmington, NM Housing Cost Breakdown
Housing swings affordability the most between places in New Mexico, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Farmington is $276,499.
The Median Rent in Farmington is $1,037.
The Median Income in Farmington is $68,784.
The Home Value To Income in Farmington is 4.0x.
The Rent To Monthly Income in Farmington is 0.18x.
| Statistic | Farmington | New Mexico | United States |
|---|---|---|---|
| Median Home Value | $276,499 | $316,750 | $332,700 |
| Median Rent | $1,037 | $1,067 | $1,413 |
| Median Income | $68,784 | $64,059 | $80,734 |
| Home Value To Income | 4.0x | 4.9x | 4.1x |
| Rent To Monthly Income | 0.18x | 0.2x | 0.21x |
Farmington, NM Costs By Category
Detailed Farmington Services costs vs. New Mexico
| Item | Farmington | New Mexico |
|---|---|---|
| Shampoo | $1.15 | $1.28 |
| Movie | $12.54 | $12.13 |
| Bowling | $20.89 | $18 |
| Haircut | $31.9 | $24.26 |
| Beauty Salon | $50.83 | $45.56 |
Detailed Farmington Groceries costs vs. New Mexico
| Item | Farmington | New Mexico |
|---|---|---|
| Ground Beef | $5.11 | $5.84 |
| Fried Chicken | $1.32 | $1.57 |
| Milk | $4.63 | $4.67 |
| Potatoes | $4.18 | $4.93 |
| Pizza | $13.42 | $12.09 |
| Beer | $11.07 | $10.41 |
| Toothpaste | $3.62 | $3.7 |
Detailed Farmington Health costs vs. New Mexico
| Item | Farmington | New Mexico |
|---|---|---|
| Optometrist | $136.89 | $125.68 |
| Doctor | $134.17 | $135.78 |
| Dentist | $111.42 | $113.29 |
Detailed Farmington Transportation costs vs. New Mexico
| Item | Farmington | New Mexico |
|---|---|---|
| Gasoline | $3.5 | $3.46 |
| Tire Balancing | $43.87 | $59.92 |
Detailed Farmington Utilities costs vs. New Mexico
| Item | Farmington | New Mexico |
|---|---|---|
| All Electricity | $191.24 | $193.99 |
| Phone | $190.51 | $192.25 |
Farmington SnackAbility
Cost Of Living In Cities Around Farmington
The cost of living varies in the cities and towns around Farmington. Here's a quick look at the cost of living in the most populous nearby places:
Bloomfield, NM has a cost of living index of 91, 0.9x Farmington.
Aztec, NM has a cost of living index of 95, 1.0x Farmington.
| City | Population | Cost Of Living | Vs. Farmington |
|---|---|---|---|
| Bloomfield, NM | 7,395 | 91 | 0.9x |
| Aztec, NM | 6,150 | 95 | 1.0x |
