Farmington, NM vs Sherman, TX
Cost of Living Comparison
Farmington, NM is more affordable by 6.1 index points
Side-by-Side Comparison
| Category | Farmington, NM | Sherman, TX | Difference |
|---|---|---|---|
| Overall | 87.7 | 93.8 | -6.1 |
| Housing | 56.6 | 89.5 | -32.9 |
| Goods | 96.1 | 93.8 | +2.4 |
| Utilities | 77.9 | 83.3 | -5.5 |
| Other Services | 98.5 | 96.2 | +2.3 |
Income & Housing Comparison
| Metric | Farmington, NM | Sherman, TX |
|---|---|---|
| Median Household Income | $50,734 | $66,608 |
| Median Home Value | $170,700 | $206,900 |
| Median Monthly Rent | $894 | $1,096 |
| Per Capita Income | $25,008 | $34,643 |
Frequently Asked Questions
Is Farmington, NM or Sherman, TX cheaper to live in?
Farmington, NM is more affordable. The cost of living difference is 6.1 index points (Farmington, NM: 87.7, Sherman, TX: 93.8).
Where is housing cheaper, Farmington, NM or Sherman, TX?
Housing is more affordable in Farmington, NM. Housing index: Farmington, NM (56.6) vs Sherman, TX (89.5).