Department of Numbers

Farmington New Mexico Household Income

The Census ACS 1-year survey reports that the median household income for the Farmington New Mexico metro area was $52,003 in 2016, the latest figures available. Farmington median household income is $5,255 higher than the median New Mexico household income and $5,614 less than the US median household income. 2017 metro income data (including Farmington median household income) will be released in September of 2018. Median family and per capita income for Farmington are shown below.

Show dollars as: Nominal Real

Real Median Household Income for Farmington New Mexico

2016 1 Year Change 3 Year Change
US $57,617 +2.01% +7.02%
New Mexico $46,748 +1.73% +3.41%
Farmington $52,003 +3.51% +15.26%

Trends in Farmington, NM Real Median Household Income since 2005

The current median household income for Farmington is $52,003. Real median household income peaked in 2011 at $55,187 and is now $3,184 (5.77%) lower.

Real Median Household Income: Farmington, New Mexico, National

Historical Inflation Adjusted Median Household Income for Farmington

Date US New Mexico Farmington
2016 $57,617 $46,748 $52,003
2015 $56,480 $45,955 $50,240
2014 $54,398 $45,422 $49,447
2013 $53,838 $45,206 $45,118
2012 $53,701 $44,488 $48,489
2011 $53,879 $44,769 $55,187
2010 $55,093 $46,334 $49,678
2009 $56,180 $48,133 $52,660
2008 $58,000 $48,501 $52,501
2007 $58,736 $47,984 $50,575
2006 $57,677 $48,365 $48,232
2005 $56,832 $46,078 $44,302

Farmington Family Income

The ACS 1-year data shows the median family income for Farmington was $63,793 in 2016. Compared to the median New Mexico family income, Farmington median family income is $6,991 higher. As with the median household income data, 2017 family income data for Farmington will be released in September of 2018.

Show dollars as: Nominal Real

Real Median Family Income for Farmington New Mexico

2016 1 Year Change 3 Year Change
US $71,062 +2.81% +7.71%
New Mexico $56,802 -0.20% +1.03%
Farmington $63,793 +10.40% +10.12%

Trends in Farmington, NM Real Median Family Income since 2005

The current median family income for Farmington is $63,793. Real median family income peaked in 2011 at $67,413 and is now $3,620 (5.37%) lower.

Real Median Family Income: Farmington, New Mexico, National

Historical Inflation Adjusted Median Family Income for Farmington

Date US New Mexico Farmington
2016 $71,062 $56,802 $63,793
2015 $69,122 $56,917 $57,784
2014 $66,820 $55,460 $57,810
2013 $65,977 $56,224 $57,932
2012 $65,363 $53,783 $54,367
2011 $65,564 $55,204 $67,413
2010 $66,721 $56,165 $57,287
2009 $68,329 $58,163 $64,747
2008 $70,638 $58,159 $63,159
2007 $70,813 $57,483 $56,097
2006 $69,670 $57,377 $59,603
2005 $68,618 $54,196 $53,066

Farmington Per Capita Income

The ACS 1-year survey shows the per capita income for Farmington was $24,556 in 2016. Compared to the median New Mexico per capita income, Farmington median per capita income is $590 lower. As with the median household and median family income numbers above, 2017 per capita income data for Farmington will be released in September of 2018.

Show dollars as: Nominal Real

Real Per Capita Income for Farmington New Mexico

2016 1 Year Change 3 Year Change
US $31,128 +2.54% +7.19%
New Mexico $25,146 +1.82% +4.59%
Farmington $24,556 +0.81% +18.10%

Trends in Farmington, NM Real Per Capita Income since 2005

At $24,556, the per capita income for Farmington was at a new inflation adjusted high in 2016.

Real Per Capita Income: Farmington, New Mexico, National

Historical Real Per Capita Income for Farmington

Date US New Mexico Farmington
2016 $31,128 $25,146 $24,556
2015 $30,358 $24,696 $24,359
2014 $29,288 $24,010 $22,921
2013 $29,041 $24,043 $20,792
2012 $28,558 $23,912 $22,048
2011 $28,494 $24,356 $22,253
2010 $28,687 $24,384 $21,208
2009 $29,542 $24,796 $22,935
2008 $30,755 $25,749 $23,547
2007 $30,894 $25,261 $24,093
2006 $30,078 $24,895 $20,854
2005 $30,768 $25,561 $20,340