Farmington is a city in New Mexico state in USA with a population of 44967 residents.. The poverty rate of Farmington is 18.8%, which is 34% higher than national average. The typical household in Farmington earns $56576 a year, compared to the national median of $67,500. Nearly 44.9% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Farmington, only 88% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Farmington remained 5.8%, which is 23% higher than national rate. Nearly 1 times comparable to 4.7% national rate, according to the Census. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Farmington, only 20% of adults have a bachelor's degree and 43% have some college but no degree.

Cost of living in Farmington is 92, which is 8% lower than national average. Median home value in Farmington is $188500 , which is 18% lower than national average. While median income in Farmington remained $56576, which is 16% lower than national average.