Question 1

What is the cost of living in Farmington, NM?

Accepted Answer

Farmington, NM's overall price level (BEA Regional Price Parity) is 87.71, where 100 equals the U.S. average. That means everyday goods, services, and housing cost about 12.3% less than the national average. HUD's Fair Market Rent for a 2-bedroom is $1,085/month.

Question 2

What is the average salary in Farmington, NM?

Accepted Answer

Across the 100 BLS-tracked occupation categories with published data in Farmington, NM, the average median wage is $80,209. The single highest-paying occupation here is Dentists, General at $195,760/year (BLS OEWS).

Question 3

What are the highest-paying jobs in Farmington?

Accepted Answer

Based on BLS OEWS data, the top-paying occupations in Farmington, NM are: 1) Dentists, General at $195,760; 2) Pharmacists at $147,390; 3) Physician Assistants at $142,890; 4) Medical and Health Services Managers at $129,400; 5) Nurse Practitioners at $126,900. Click any occupation above to see the full wage breakdown (10th to 90th percentile).

Question 4

How much does it cost to rent a 2-bedroom apartment in Farmington?

Accepted Answer

The U.S. Department of Housing and Urban Development's Fair Market Rent (FMR) for a 2-bedroom unit in Farmington, NM is $1,085/month. FMR is the rent level HUD uses to administer housing assistance and reflects the 40th percentile of standard-quality rentals, updated annually.

Question 5

Where does AffordMap's Farmington data come from?

Accepted Answer

Salary figures come from the U.S. Bureau of Labor Statistics Occupational Employment and Wage Statistics (OEWS) survey. Cost of living comes from the Bureau of Economic Analysis Regional Price Parities (RPP). Rent comes from HUD Fair Market Rents. All three are federal datasets, updated annually, and free to use. AffordMap pairs them so you can see what a salary actually buys after local costs.

Rank	Occupation	Category	Median salary	Hourly
41	First-Line Supervisors of Mechanics, Installers, and Repairers	Repair & Maintenance	$78K	$37.65/hr
42	Business Operations Specialists, All Other	Business & Finance	$78K	$37.39/hr
43	Electrical Power-Line Installers and Repairers	Repair & Maintenance	$78K	$37.33/hr
44	Elementary School Teachers, Except Special Education	Education	$77K	N/A
45	Middle School Teachers, Except Special and Career/Technical Education	Education	$77K	N/A
46	Secondary School Teachers, Except Special and Career/Technical Education	Education	$77K	N/A
47	First-Line Supervisors of Construction Trades and Extraction Workers	Construction & Trades	$77K	$36.79/hr
48	Accountants and Auditors	Business & Finance	$76K	$36.59/hr
49	Special Education Teachers, Kindergarten and Elementary School	Education	$76K	N/A
50	Social and Community Service Managers	Management	$74K	$35.67/hr

Top Paying Jobs in Farmington, NM

Highest paying careers in Farmington

Affordability snapshot: Farmington