Income & Economy in Farmington, NM
Household income, poverty rates, employment, and economic data — 2023 ACS Data
Income Overview
Source: U.S. Census Bureau ACS (2023)Median Household Income
$63,745
-13% vs national
Per Capita Income
$31,294
-16% vs national
Poverty Rate
19.7%
+45% vs national
Gini Index
0.4702
0 = perfect equality
Unemployment
5.7%
+10% vs national
SNAP Recipients
19.7%
of households
How Farmington Compares
Source: Census ACS (2023)Farmington vs Similar Cities
Source: Census ACS (2023)Compared to cities with 25,000 - 50,000 residents. Farmington is highlighted.
Median Household Income
Per Capita Income
Poverty Rate
Unemployment Rate
Where Do You Stack Up?
Enter your household income to see how you compare to other households in Farmington. The median household income here is $63,745.
Income Distribution
Source: U.S. Census Bureau ACS (2023)Employment Snapshot
Source: U.S. Census Bureau ACS (2023)Unemployment Rate
5.7%
-10% vs NM avg
Labor Force
19,811
Employed
18,667
Mean Commute
17 min
How People Get to Work
Source: Census ACS (2023)Employment by Sector
Source: Census ACS (2023)Education & Workforce
Source: U.S. Census Bureau ACS (2023)Bachelor's Degree+
14.6%
of adults 25+
High School Diploma+
31.8%
of adults 25+
Median Age
37.0
Work from Home
5.0%
of workers
The median household income in Farmington, NM is $63,745, which is 12.9% below the national average of $73,224. Per capita income is $31,294. The poverty rate of 19.7% is lower than the NM state average of 20.1%. The Gini index of income inequality is 0.4702, where 0 represents perfect equality and 1 represents maximum inequality. The unemployment rate is 5.7%, compared to the state average of 6.4%. 14.6% of adults hold a bachelor's degree or higher. The average commute time is 17 minutes, with 5.0% working from home.