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Farmington, New Mexico

city · San Juan County

At a glance

46,314
Population
$233,000
Median home value (all homes)
23% below U.S. median
$286,908
Typical market value
Zillow, 2026-07
$1,037/mo
Median rent
23% below U.S. median
$68,784
Median household income
12% below U.S. median
19.5 min
Average commute
80.5%
Homes with broadband
4.79%
Locations with fiber available
3.9%
Unemployment

Cost of living (Clay Affordability Index)

CAI 93 — 7% below the national average. how it's computed

Housing6% below
Goods & services3% below
Utilities10% above
Taxes31% below
Insurance21% below
Commute cost35% below
For business: New Mexico is CBII band 2/5 · time to build band 1/5. See state page for the breakdown.

Living here

Colleges in town:
Nearest 4-year college42 mi
Nearest community college4 mi
Nearest technical college134 mi
High school graduates91.6%
College graduates26.2%

Doing business here

Economic development contacts, most local first:

city Farmington
The City of Farmington's Economic Development Department promotes business growth and site selection in Farmington, NM, with workforce training, incentives, and site-location tools to help companies relocate or expand.
county Four Corners Economic Development, Inc
Four Corners Economic Development, Inc. (4CED) is a public-private partnership that supports and builds economically vibrant businesses and communities in the Four Corners Region by uniting county and municipal governments with member businesses and other resource partners. Its offices are on the campus of San Juan College in Farmington, New Mexico.
state New Mexico Economic Development
The New Mexico Economic Development Department's (NMEDD) mission is creating pathways to prosperity for all New Mexicans. The department works to attract, retain, and expand businesses in New Mexico through a variety of incentive programs, grants, and resources designed to grow the state's economy and create high-wage jobs. NMEDD supports communities across the state with tools for economic development, outdoor recreation, film production, and entrepreneurship.
state New Mexico Economic Development Partnership
The New Mexico Partnership is the state’s single point of contact for business expansion, representing the State of New Mexico by helping companies outside the state explore opportunities, evaluate sites, and establish new operations here with confidence, through site selection support, incentive guidance, workforce analysis, and local coordination with the New Mexico Economic Development Department and a statewide network of partners.
state New Mexico Small Business Development Center
The New Mexico SBDC Network provides no-cost business consulting and low or no cost business training to entrepreneurs throughout the state. The organization aims to develop skilled entrepreneurs and strong businesses through counseling and trainings.
state The Navajo Nation Economic Development
The Navajo Nation Division of Economic Development provides information and assistance for businesses considering investment, expansion, or relocation on Navajo Nation lands across Arizona, New Mexico, and Utah, highlighting land, labor resources, energy resources, and tax incentives to attract economic activity.
State sales taxYes
State income taxYes
Right-to-work stateNo

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