Everything You Need to Know About the City of Farmington New Mexico

In 2017, Farmington, NM had a population of 45.9k people with a median age of 32.9 and a median household income of $55,179 dollars. Between 2016 and 2017 the population of Farmington, NM grew from 44,067 to 45,857, a 4.06% increase and its median household income grew from $52,598 dollars to $55,179 dollars, a 4.91% increase.

The population of Farmington, New Mexico is 45.5% White Alone, 24.9% Hispanic or Latino, and 24.5% American Indian & Alaska Native Alone. N/A% of the people in Farmington, NM speak a non-English language, and 96.8% are U.S. citizens.

The largest universities in Farmington, NM are San Juan College (1,921 degrees awarded in 2017).

The median property value in Farmington, NM is $178,400 dollars, and the homeownership rate is 67.1%. Most people in Farmington, NM commute by Drove Alone, and the average commute time is 17.8 minutes. The average car ownership in Farmington, NM is 2 cars per household.


Education in Farmington

In 2017, universities in Farmington, NM awarded 1,921 degrees. The student population of Farmington, NM is skewed towards women, with 2,463 male students and 4,567 female students.

Most students graduating from Universities in Farmington, NM are White (889 and 46.9 percent), followed by American Indian or Alaska Native (454 and 23.9 percent), Hispanic or Latino (291 and 15.3 percent), and Unknown (187 and 9.86 percent).

The largest universities in Farmington, NM by the number of degrees awarded are San Juan College (1,921 and 100 percent).

The most popular majors in Farmington, NM are Veterinary Technician & Veterinary Assistant (384 and 20 percent), Liberal Arts & Sciences (239 and 12.4 percent), and Automobile Mechanics Technology (195 and 10.2 percent).

The median tuition cost in Farmington, NM is $N/A for private four-year colleges, and $N/A and $N/A respectively, for public four-year colleges for in-state students and out-of-state students.


Economy in Farmington

The economy of Farmington, NM employs 19.5k people and Farmington has an unemployment rate of 4.5 percent. Farmington has seen the job market increase by 2.5 percent over the last year. Future job growth over the next ten years is predicted to be 19.8 percent, which is lower than the US average of 33.5 percent. The largest industries in Farmington, NM are Health Care & Social Assistance (2,822 people), Mining, Quarrying, & Oil & Gas Extraction (1,745 people), and Retail Trade (2,588 people), and the highest paying industries are Agriculture, Forestry, Fishing & Hunting ($100,134 dollars), Utilities ($78,768 dollars), and Agriculture, Forestry, Fishing & Hunting, & Mining ($70,909 dollars).

Households in Farmington, NM have a median annual income of $55,179 dollars, which is less than the median annual income of $61,937 dollars across the entire United States. This is in comparison to a median income of $52,598 dollars in 2016, which represents a 4.91 percent annual growth.


Tax Rates for Farmington

– The Sales Tax Rate for Farmington is 7.6 percent.

– The Income Tax Rate for Farmington is 4.9 percent.

– Tax Rates can have a big impact when Comparing the Cost of Living.


Income and Salaries for Farmington

– The average earnings of a Farmington resident are $26,003 dollars a year. 

– The Median household earnings of a Farmington resident is $55,810 dollars a year.