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 $44,321 in 2019, the latest figures available. Farmington median household income is $7,624 lower than the median New Mexico household income and $21,391 less than the US median household income. 2020 metro income data (including Farmington median household income) will be released in September of 2021. Median family and per capita income for Farmington are shown below.

Show dollars as: Nominal Real

Real Median Household Income for Farmington New Mexico

2019 1 Year Change 3 Year Change
US $65,712 +4.21% +7.05%
New Mexico $51,945 +8.16% +4.30%
Farmington $44,321 -2.92% -20.00%

Trends in Farmington, NM Real Median Household Income since 2005

The current median household income for Farmington is $44,321. Real median household income peaked in 2011 at $58,928 and is now $14,607 (24.79%) lower.

Real Median Household Income: Farmington, New Mexico, National

Historical Inflation Adjusted Median Household Income for Farmington

Date US New Mexico Farmington
2019 $65,712 $51,945 $44,321
2018 $63,059 $48,024 $45,654
2017 $62,927 $48,751 $47,915
2016 $61,383 $49,804 $55,402
2015 $60,187 $48,972 $53,538
2014 $58,001 $48,430 $52,722
2013 $57,437 $48,227 $48,134
2012 $57,307 $47,476 $51,745
2011 $57,531 $47,804 $58,928
2010 $58,809 $49,460 $53,029
2009 $59,988 $51,396 $56,230

more history ...

Farmington Family Income

The ACS 1-year data shows the median family income for Farmington was $48,713 in 2019. Compared to the median New Mexico family income, Farmington median family income is $13,113 lower. As with the median household income data, 2020 family income data for Farmington will be released in September of 2021.

Show dollars as: Nominal Real

Real Median Family Income for Farmington New Mexico

2019 1 Year Change 3 Year Change
US $80,944 +4.06% +6.92%
New Mexico $61,826 +3.34% +2.17%
Farmington $48,713 -7.64% -28.32%

Trends in Farmington, NM Real Median Family Income since 2005

The current median family income for Farmington is $48,713. Real median family income peaked in 2011 at $71,983 and is now $23,270 (32.33%) lower.

Real Median Family Income: Farmington, New Mexico, National

Historical Inflation Adjusted Median Family Income for Farmington

Date US New Mexico Farmington
2019 $80,944 $61,826 $48,713
2018 $77,786 $59,825 $52,745
2017 $77,064 $60,811 $53,675
2016 $75,707 $60,515 $67,963
2015 $73,660 $60,654 $61,577
2014 $71,246 $59,134 $61,640
2013 $70,386 $59,982 $61,804
2012 $69,752 $57,394 $58,018
2011 $70,009 $58,946 $71,983
2010 $71,221 $59,953 $61,151
2009 $72,962 $62,106 $69,137

more history ...

Farmington Per Capita Income

The ACS 1-year survey shows the per capita income for Farmington was $21,626 in 2019. Compared to the median New Mexico per capita income, Farmington median per capita income is $6,797 lower. As with the median household and median family income numbers above, 2020 per capita income data for Farmington will be released in September of 2021.

Show dollars as: Nominal Real

Real Per Capita Income for Farmington New Mexico

2019 1 Year Change 3 Year Change
US $35,672 +3.57% +7.57%
New Mexico $28,423 +5.23% +6.10%
Farmington $21,626 -3.74% -17.33%

Trends in Farmington, NM Real Per Capita Income since 2005

The current per capita income for Farmington is $21,626. Real per capita income peaked in 2016 at $26,161 and is now $4,535 (17.33%) lower. From a post peak low of $21,609 in 2017, real per capita income for Farmington has now grown by $17 (0.08%).

Real Per Capita Income: Farmington, New Mexico, National

Historical Real Per Capita Income for Farmington

Date US New Mexico Farmington
2019 $35,672 $28,423 $21,626
2018 $34,444 $27,010 $22,467
2017 $33,788 $26,398 $21,609
2016 $33,163 $26,790 $26,161
2015 $32,351 $26,317 $25,958
2014 $31,228 $25,600 $24,439
2013 $30,982 $25,650 $22,182
2012 $30,476 $25,517 $23,528
2011 $30,425 $26,007 $23,761
2010 $30,622 $26,028 $22,638
2009 $31,545 $26,477 $24,489

more history ...