ZIP Code 87418

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

Median household income
$82,750
Per-capita income
$45,806
Median home value
$193,800
Property tax rate
0.68%
Combined sales tax
4.88%

In ZIP code 87418, near Farmington, households earn a median of $82,750, while per-capita income sits at $45,806. That earnings level pairs with a median home value of $225,000, and the county's 0.68% effective property tax rate works out to roughly $1,530 annually on such a home. Sales tax combines to 4.88%, so everyday purchases take a smaller bite than in many places. Together these figures leave a wide spread between what families bring in and what housing and consumption taxes claim, giving households here room to cover other expenses or save.

See how Farmington, NM taxes stack up

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