Albuquerque, NM vs Farmington, NM
Cost of Living Comparison
Farmington, NM is more affordable by 7.8 index points
Side-by-Side Comparison
| Category | Albuquerque, NM | Farmington, NM | Difference |
|---|---|---|---|
| Overall | 95.5 | 87.7 | +7.8 |
| Housing | 89.2 | 56.6 | +32.6 |
| Goods | 96.1 | 96.1 | 0.0 |
| Utilities | 77.9 | 77.9 | -0.0 |
| Other Services | 98.5 | 98.5 | 0.0 |
Income & Housing Comparison
| Metric | Albuquerque, NM | Farmington, NM |
|---|---|---|
| Median Household Income | $63,971 | $50,734 |
| Median Home Value | $242,600 | $170,700 |
| Median Monthly Rent | $1,035 | $894 |
| Per Capita Income | $36,043 | $25,008 |
Frequently Asked Questions
Is Albuquerque, NM or Farmington, NM cheaper to live in?
Farmington, NM is more affordable. The cost of living difference is 7.8 index points (Albuquerque, NM: 95.5, Farmington, NM: 87.7).
Where is housing cheaper, Albuquerque, NM or Farmington, NM?
Housing is more affordable in Farmington, NM. Housing index: Albuquerque, NM (89.2) vs Farmington, NM (56.6).