Farmington, NM — income, home value, property tax, and sales tax.
With a median household income of $44,095, ZIP code 87415 sits in working-class territory, well below what higher-earning areas command. Per-capita income reaches $27,259, and homes here carry a median value of $219,100. Property taxes run at an effective 0.68% county rate, a lighter share of home value than many parts of the country see. Sales tax combines to 4.88%, adding a bit to everyday purchases around Farmington. Together these figures sketch a community where wages stay moderate and housing costs have climbed, though the tax structure itself doesn't press especially hard on either homeowners or shoppers.
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