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 $44,841 in 2018, the latest figures available. Farmington median household income is $2,328 lower than the median New Mexico household income and $17,096 less than the US median household income. 2019 metro income data (including Farmington median household income) will be released in September of 2020. Median family and per capita income for Farmington are shown below.

Show dollars as: Nominal Real

Real Median Household Income for Farmington New Mexico

2018 1 Year Change 3 Year Change
US $61,937 +0.21% +4.77%
New Mexico $47,169 -1.49% -1.94%
Farmington $44,841 -4.72% -14.73%

Trends in Farmington, NM Real Median Household Income since 2005

The current median household income for Farmington is $44,841. Real median household income peaked in 2011 at $57,879 and is now $13,038 (22.53%) lower.

Real Median Household Income: Farmington, New Mexico, National

Historical Inflation Adjusted Median Household Income for Farmington

Date US New Mexico Farmington
2018 $61,937 $47,169 $44,841
2017 $61,807 $47,883 $47,062
2016 $60,291 $48,918 $54,416
2015 $59,116 $48,100 $52,585
2014 $56,969 $47,568 $51,784
2013 $56,415 $47,369 $47,277
2012 $56,288 $46,631 $50,825
2011 $56,507 $46,953 $57,879
2010 $57,762 $48,579 $52,084
2009 $58,921 $50,482 $55,230
2008 $60,829 $50,867 $55,062
2007 $61,601 $50,324 $53,042

Farmington Family Income

The ACS 1-year data shows the median family income for Farmington was $51,806 in 2018. Compared to the median New Mexico family income, Farmington median family income is $6,954 lower. As with the median household income data, 2019 family income data for Farmington will be released in September of 2020.

Show dollars as: Nominal Real

Real Median Family Income for Farmington New Mexico

2018 1 Year Change 3 Year Change
US $76,401 +0.94% +5.60%
New Mexico $58,760 -1.62% -1.36%
Farmington $51,806 -1.73% -14.34%

Trends in Farmington, NM Real Median Family Income since 2005

The current median family income for Farmington is $51,806. Real median family income peaked in 2011 at $70,702 and is now $18,896 (26.73%) lower.

Real Median Family Income: Farmington, New Mexico, National

Historical Inflation Adjusted Median Family Income for Farmington

Date US New Mexico Farmington
2018 $76,401 $58,760 $51,806
2017 $75,692 $59,729 $52,720
2016 $74,360 $59,438 $66,754
2015 $72,348 $59,573 $60,481
2014 $69,978 $58,082 $60,543
2013 $69,134 $58,914 $60,704
2012 $68,512 $56,373 $56,986
2011 $68,763 $57,897 $70,702
2010 $69,953 $58,886 $60,062
2009 $71,663 $61,001 $67,907
2008 $74,083 $60,996 $66,240
2007 $74,267 $60,287 $58,833

Farmington Per Capita Income

The ACS 1-year survey shows the per capita income for Farmington was $22,067 in 2018. Compared to the median New Mexico per capita income, Farmington median per capita income is $4,462 lower. As with the median household and median family income numbers above, 2019 per capita income data for Farmington will be released in September of 2020.

Show dollars as: Nominal Real

Real Per Capita Income for Farmington New Mexico

2018 1 Year Change 3 Year Change
US $33,831 +1.94% +6.47%
New Mexico $26,529 +2.32% +2.63%
Farmington $22,067 +3.97% -13.45%

Trends in Farmington, NM Real Per Capita Income since 2005

The current per capita income for Farmington is $22,067. Real per capita income peaked in 2016 at $25,696 and is now $3,629 (14.12%) lower. From a post peak low of $21,224 in 2017, real per capita income for Farmington has now grown by $843 (3.97%).

Real Per Capita Income: Farmington, New Mexico, National

Historical Real Per Capita Income for Farmington

Date US New Mexico Farmington
2018 $33,831 $26,529 $22,067
2017 $33,187 $25,928 $21,224
2016 $32,573 $26,313 $25,696
2015 $31,775 $25,849 $25,496
2014 $30,672 $25,145 $24,005
2013 $30,431 $25,194 $21,787
2012 $29,934 $25,063 $23,110
2011 $29,884 $25,544 $23,338
2010 $30,077 $25,565 $22,235
2009 $30,984 $26,006 $24,054
2008 $32,255 $27,005 $24,696
2007 $32,400 $26,493 $25,268