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 $45,942 in 2017, the latest figures available. Farmington median household income is $802 lower than the median New Mexico household income and $14,394 less than the US median household income. 2018 metro income data (including Farmington median household income) will be released in September of 2019. Median family and per capita income for Farmington are shown below.

Show dollars as: Nominal Real

Real Median Household Income for Farmington New Mexico

2017 1 Year Change 3 Year Change
US $60,336 +2.51% +8.49%
New Mexico $46,744 -2.12% +0.66%
Farmington $45,942 -13.52% -9.12%

Trends in Farmington, NM Real Median Household Income since 2005

The current median household income for Farmington is $45,942. Real median household income peaked in 2011 at $56,501 and is now $10,559 (18.69%) lower.

Real Median Household Income: Farmington, New Mexico, National

Historical Inflation Adjusted Median Household Income for Farmington

Date US New Mexico Farmington
2017 $60,336 $46,744 $45,942
2016 $58,856 $47,754 $53,122
2015 $57,709 $46,956 $51,334
2014 $55,613 $46,436 $50,551
2013 $55,072 $46,241 $46,152
2012 $54,948 $45,521 $49,615
2011 $55,162 $45,835 $56,501
2010 $56,388 $47,423 $50,845
2009 $57,519 $49,280 $53,915
2008 $59,382 $49,657 $53,752
2007 $60,135 $49,127 $51,780
2006 $59,051 $49,517 $49,381

Farmington Family Income

The ACS 1-year data shows the median family income for Farmington was $51,465 in 2017. Compared to the median New Mexico family income, Farmington median family income is $6,843 lower. As with the median household income data, 2018 family income data for Farmington will be released in September of 2019.

Show dollars as: Nominal Real

Real Median Family Income for Farmington New Mexico

2017 1 Year Change 3 Year Change
US $73,891 +1.79% +8.17%
New Mexico $58,308 +0.49% +2.84%
Farmington $51,465 -21.02% -12.92%

Trends in Farmington, NM Real Median Family Income since 2005

The current median family income for Farmington is $51,465. Real median family income peaked in 2011 at $69,019 and is now $17,554 (25.43%) lower.

Real Median Family Income: Farmington, New Mexico, National

Historical Inflation Adjusted Median Family Income for Farmington

Date US New Mexico Farmington
2017 $73,891 $58,308 $51,465
2016 $72,591 $58,024 $65,165
2015 $70,627 $58,156 $59,042
2014 $68,313 $56,699 $59,102
2013 $67,488 $57,512 $59,259
2012 $66,880 $55,031 $55,629
2011 $67,126 $56,519 $69,019
2010 $68,289 $57,485 $58,633
2009 $69,958 $59,549 $66,290
2008 $72,321 $59,545 $64,664
2007 $72,500 $58,853 $57,433
2006 $71,330 $58,744 $61,023

Farmington Per Capita Income

The ACS 1-year survey shows the per capita income for Farmington was $20,719 in 2017. Compared to the median New Mexico per capita income, Farmington median per capita income is $4,592 lower. As with the median household and median family income numbers above, 2018 per capita income data for Farmington will be released in September of 2019.

Show dollars as: Nominal Real

Real Per Capita Income for Farmington New Mexico

2017 1 Year Change 3 Year Change
US $32,397 +1.88% +8.20%
New Mexico $25,311 -1.46% +3.12%
Farmington $20,719 -17.40% -11.58%

Trends in Farmington, NM Real Per Capita Income since 2005

The current per capita income for Farmington is $20,719. Real per capita income peaked in 2016 at $25,084 and is now $4,365 (17.40%) lower.

Real Per Capita Income: Farmington, New Mexico, National

Historical Real Per Capita Income for Farmington

Date US New Mexico Farmington
2017 $32,397 $25,311 $20,719
2016 $31,798 $25,687 $25,084
2015 $31,019 $25,234 $24,889
2014 $29,942 $24,546 $23,433
2013 $29,706 $24,594 $21,269
2012 $29,221 $24,467 $22,559
2011 $29,173 $24,936 $22,783
2010 $29,361 $24,957 $21,706
2009 $30,246 $25,387 $23,481
2008 $31,488 $26,362 $24,108
2007 $31,629 $25,862 $24,667
2006 $30,795 $25,488 $21,350