Farmington, NM — income, home value, property tax, and sales tax.
In ZIP code 87421, near Farmington, homes carry a median value of $122,800 while the county-level effective property tax rate sits at 0.68%. Households here earn a median of $51,029, with per-capita income at $20,177, so property taxes claim a smaller slice of annual earnings than in places where values outpace local wages. A 4.88% combined sales tax rate applies to purchases. The gap between home prices and household earnings shapes how far a paycheck stretches, and the tax rate keeps ownership costs from climbing too steeply against what people bring in.
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