Farmington, New Mexico has a population of 46,818, with a median household income of $62,114.
Current median income data for Farmington.
46,818
$62,114
4.70%
$248,114
0.40
167.80 Mbps
Farmington is a smaller urban community located in New Mexico. The city has a population that is above the average city population in New Mexico, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.
Situated in New Mexico, Farmington provides insight into regional population trends, income levels, and housing conditions.
Farmington has a population of 46,818, which is higher than the state average. This indicates a relatively larger urban presence within New Mexico.
The median household income in Farmington is $62,114, which is above the state average. This reflects stronger earning potential and economic stability.
Housing prices in Farmington average around $248,114, which is relatively high compared to other cities in New Mexico.
The unemployment rate in Farmington is 4.70%, which is lower than the state average, indicating a relatively strong job market. Farmington has a lower crime rate than the state average, contributing to a relatively safer living environment.
Compared to other cities in New Mexico, Farmington shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.
As part of New Mexico, Farmington contributes to the broader economic and social landscape, offering insights into regional development.
The population of Farmington is approximately 46,818.
Farmington offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.
The median household income in Farmington is around $62,114.
The average housing price in Farmington is approximately $248,114.