Farmington, NM
Population 46,339 · New Mexico
About Farmington, NM
Farmington is a mid-sized city in New Mexico with a population of 46,339 residents. The median household income is $63,745 per year, which is near the national average. The median age in Farmington is 37 years.
Housing in Farmington has a median home value of $225,400 and median monthly rent of $993. Of the 18,220 total housing units, the majority are owner-occupied, with 10,345 owner-occupied and 5,959 renter-occupied units.
The unemployment rate in Farmington is 5.7% and the poverty rate is 19.7%. 22.8% of residents hold a bachelor's degree or higher. The average commute time is 17.9 minutes.
How Farmington Ranks in New Mexico
Cost of Living in Farmington, NM
Compared to national averages, Farmington has a median household income of $63,745 (15% below the national median of $75,149). Home values average $225,400, which is 8% below the national median. Monthly rent at $993 is 15% below the US average of $1,163. Within New Mexico, Farmington's income is 5% below the state average of $67,435, and home values are 4% below the state median of $233,762.
Why Live in Farmington, NM?
Farmington offers affordable housing with a median home value of $225,400, below the US average of $244,900, and rent that’s lower than the national average at $993/month, and short commute times averaging just 17.9 minutes.
Potential considerations include median household income ($63,745) that falls below the national average. However, Farmington’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Farmington has a population of 46,339 with a median age of 37 years. Compare Farmington with other cities to see how it stacks up, or explore all cities in New Mexico.
Similar Cities Near Farmington
Cities in New Mexico with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Roswell | 47,823 | $50,294 | $139,200 | Compare |
| Hobbs | 39,887 | $65,691 | $180,700 | Compare |
| Clovis | 38,153 | $54,029 | $160,000 | Compare |
| South Valley | 36,605 | $51,062 | $205,200 | Compare |
| Carlsbad | 31,813 | $78,277 | $187,900 | Compare |
| Alamogordo | 31,063 | $52,515 | $163,600 | Compare |
| Gallup | 21,333 | $57,466 | $134,600 | Compare |
| Los Lunas | 17,932 | $63,696 | $232,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New Mexico
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Farmington
What is the population of Farmington, NM?
The population of Farmington, NM is 46,339 according to the latest Census data.
What is the median household income in Farmington?
The median household income in Farmington, NM is $63,745 per year.
What is the median home value in Farmington?
The median home value in Farmington, NM is $225,400.
What is the average rent in Farmington?
The median monthly rent in Farmington, NM is $993.
What is the unemployment rate in Farmington?
The unemployment rate in Farmington, NM is 5.7%.