Cost of Living: Albuquerque, NM vs Farmington, NM
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,230/mo in Albuquerque, NM versus $4,230/mo in Farmington, NM. In the model, rent is about 15.81% of gross in Albuquerque, NM versus 14.47% in Farmington, NM, so Farmington, NM tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Albuquerque, NM and Farmington, NM.
At a glance
- Cheaper overall (lower cost-of-living index): Albuquerque, NM
- Lower rent (median 1BR/2BR): Farmington, NM
- Lower home prices: Farmington, NM
- Higher median household income: Albuquerque, NM
Cost of Living Index
Albuquerque, NM: 89.6 (U.S. = 100) · Farmington, NM: 100 (U.S. = 100)
Albuquerque, NM has a lower cost-of-living index than Farmington, NM, so a given salary generally stretches further there.
Median Rent
Albuquerque, NM: $1,031/mo (midpoint of 1BR/2BR) · Farmington, NM: $944/mo
Median rent in Albuquerque, NM is $87/mo higher than in Farmington, NM.
Median Home Price
Albuquerque, NM: $266,700 · Farmington, NM: $225,400
Median home price in Albuquerque, NM is $41,300 higher than in Farmington, NM.
Median Household Income
Albuquerque, NM: $65,604 · Farmington, NM: $63,745
Albuquerque, NM has a higher median household income than Farmington, NM by $1,859.
Albuquerque, NM overview · Farmington, NM overview · Popular comparisons