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Page4of4Farmington, NM 87401 has a population of approximately 46,830 and experiences a population change rate of 17.35%. The population density is 358.6 / sq mi .
The median household income for Farmington, NM 87401 is $49,950, with 15,255 households and an average household size of 3.
The median value of a home in Farmington, NM 87401 is $191,800 with an appreciation rate of 13.40%. 56.40% of housing in the state is owned while 32.35% is rented.
The cost of living in Farmington, NM 87401 is 93 %.
The unemployment rate in Farmington, NM 87401 is 3.50%, and recent job growth is at 2.34%. Future job growth is projected at 38.03%.
The sales tax rate in Farmington, NM 87401 is 8.31%, while the income tax rate is 4.90% .
School expenditures in Farmington, NM 87401 are $12,458, and the school ratio is 15.1:1.
The average high temperature in July is 91.3 degrees, with an average low temperature in January of 18.4 degrees. The average rainfall is approximately 9.4 inches per year, with 12.7 inches of snow per year.
