ZIP Code 87402

Farmington, NM — income, home value, property tax, and sales tax.

Median household income
$79,461
Per-capita income
$40,175
Median home value
$193,800
Property tax rate
0.68%
Combined sales tax
8.19%

Households in ZIP code 87402, near Farmington, bring in a median of $79,461 a year, with per-capita income at $40,175. A median home value of $284,200 paired with a 0.68% county property tax rate means annual property taxes land near $1,930, a fairly contained slice of that income. Day-to-day purchases carry an 8.19% combined sales tax, so spending patterns matter alongside housing costs. Taken together, earnings here support homeownership without straining the budget, though the sales tax adds a bit to routine expenses.

See how Farmington, NM taxes stack up

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