Farmington, NM 87402 has a population of approximately 10,478 and experiences a population change rate of 23.52%. The population density is 913.6 / sq mi .
Farmington, NM 87402 has a population of approximately 10,478 and experiences a population change rate of 23.52%. The population density is 913.6 / sq mi .
The median household income for Farmington, NM 87402 is $65,046, with 3,509 households and an average household size of 2.79.
The median value of a home in Farmington, NM 87402 is $257,000 with an appreciation rate of 13.40%. 67.48% of housing in the state is owned while 21.74% is rented.
The cost of living in Farmington, NM 87402 is 97.7 %.
The unemployment rate in Farmington, NM 87402 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 87402 is 8.31%, while the income tax rate is 4.90% .
School expenditures in Farmington, NM 87402 are $12,458, and the school ratio is 15.1:1.
The average high temperature in July is 91 degrees, with an average low temperature in January of 19.4 degrees. The average rainfall is approximately 10.2 inches per year, with 12.1 inches of snow per year.