Farmington, NM — income, home value, property tax, and sales tax.
In ZIP 87410, which takes in Farmington, households earn a median of $55,189 a year, while per-capita income sits at $29,382. A median home value of $193,200 paired with a county property tax rate of 0.68% means annual property taxes land near $1,314. Sales taxes combine to 8.38%, so everyday purchases carry a noticeable added cost. Those two tax streams shape how far a paycheck stretches here: housing costs stay contained, but routine spending takes a bigger bite, making day-to-day purchases a meaningful line in the household budget.
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