Real Estate Brokers Salary in Farmington, NM
Real Estate Brokers in Farmington, NM make a median of $85,040 a year, or about $40.88 an hour. The range runs from $59K at the entry level to $135K for experienced workers. Cost of living is below average (RPP 87.71), which stretches that salary to about $96,956 in buying power. Rent on a 2-bedroom averages $1,085/month, or 20.2% of estimated take-home pay.
So what does $85K get you in Farmington?
Groceries, utilities, transportation, and healthcare scaled from national averages by Farmington’s Regional Price Parity (87.71). Rent from HUD Fair Market Rents. Taxes estimated for single filer, standard deduction. * Healthcare is the employee-paid share only (premiums + out-of-pocket). Actual costs vary by coverage type: employer-sponsored, ACA marketplace, or uninsured.
About real estate brokers
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Compensation breakdown
Annual earnings by percentile, Farmington, NM
Entry-level real estate brokers (10th percentile) start around $59K. Mid-career wages sit at $85K. Top earners bring in $135K or more, a $77K spread from bottom to top.
Real Estate Brokers pay across states
Median income ranked highest to lowest, compared to the national figure
| State | Median salary | vs. national | Employment |
|---|---|---|---|
| Iowa | $117K | +62% | 740 |
| Massachusetts | $112K | +55% | N/A |
| New York | $94K | +30% | N/A |
| New Jersey | $93K | +29% | N/A |
| Connecticut | $91K | +26% | N/A |
| Nevada | $87K | +20% | 310 |
| Maryland | $83K | +14% | N/A |
| Vermont | $82K | +14% | N/A |
| California | $82K | +14% | 7,250 |
| Washington | $81K | +13% | 110 |
| Utah | $81K | +12% | 400 |
| New Mexico | $78K | +8% | 290 |
| Indiana | $76K | +6% | 840 |
| Pennsylvania | $75K | +4% | 1,100 |
| Oregon | $71K | -2% | 1,620 |
| North Dakota | $71K | -2% | N/A |
| Delaware | $68K | -5% | N/A |
| Texas | $67K | -8% | 3,370 |
| Tennessee | $67K | -8% | 550 |
| Minnesota | $66K | -8% | 1,090 |
| Kentucky | $64K | -11% | 150 |
| Arkansas | $64K | -12% | N/A |
| Wisconsin | $64K | -12% | 710 |
| Florida | $63K | -12% | N/A |
| North Carolina | $63K | -13% | 1,330 |
| Alabama | $62K | -14% | 450 |
| Alaska | $60K | -17% | 220 |
| Montana | $59K | -18% | 310 |
| Missouri | $59K | -19% | 1,580 |
| Michigan | $59K | -19% | 660 |
| Virginia | $56K | -23% | 1,580 |
| Illinois | $55K | -24% | 1,620 |
| Arizona | $54K | -25% | N/A |
| South Carolina | $54K | -25% | 1,490 |
| Maine | $53K | -26% | N/A |
| Nebraska | $47K | -35% | 350 |
| Hawaii | $47K | -35% | N/A |
| Ohio | $46K | -37% | 400 |
| Mississippi | $44K | -40% | 70 |
| West Virginia | $44K | -40% | 140 |
| Kansas | $41K | -43% | 460 |
Showing 1–10 of 41 states
BLS does not publish data for every state when sample sizes are too small
Track real estate brokers salary changes
BLS updates this data quarterly. We'll email you when Farmington numbers change.
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Frequently asked questions
How much do real estate brokers make in Farmington, NM?
The median is $85,040 a year, that works out to about $41 an hour. But the range is wide: entry-level workers start around $58,730, and experienced real estate brokers can clear $135,340. These are BLS numbers, based on employer-reported data, not self-reported surveys.
Is $85K enough to live in Farmington?
On that salary, you'd take home roughly $5,420/month after taxes. A 2-bedroom here rents for about $1,085/month, which eats 20% of your paycheck. That's under the 30% guideline most financial planners use, so the numbers work.
How far does a real estate brokers salary go in Farmington?
Farmington has a Regional Price Parity of 87.71 (100 is the national average). That's below average, your money stretches further here than the raw salary number suggests. After cost-of-living adjustment, the median real estate brokers salary is worth about $96,956 in national-average purchasing power.
Where do real estate brokers get paid the most?
The table above ranks every state by median pay for this role. Keep in mind that the highest-paying states tend to have the highest costs of living, so the top salary doesn't always mean the most money in your pocket.