Cost of Living: Farmington, NM vs Hastings, NE
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,230/mo in Farmington, NM versus $4,175/mo in Hastings, NE. In the model, rent is about 14.47% of gross in Farmington, NM versus 12.5% in Hastings, NE, so Hastings, NE tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Farmington, NM and Hastings, NE.
At a glance
- Cheaper overall (lower cost-of-living index): Hastings, NE
- Lower rent (median 1BR/2BR): Hastings, NE
- Lower home prices: Hastings, NE
- Higher median household income: Farmington, NM
Cost of Living Index
Farmington, NM: 100 (U.S. = 100) · Hastings, NE: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
Farmington, NM: $944/mo (midpoint of 1BR/2BR) · Hastings, NE: $815/mo
Median rent in Farmington, NM is $129/mo higher than in Hastings, NE.
Median Home Price
Farmington, NM: $225,400 · Hastings, NE: $177,200
Median home price in Farmington, NM is $48,200 higher than in Hastings, NE.
Median Household Income
Farmington, NM: $63,745 · Hastings, NE: $61,202
Farmington, NM has a higher median household income than Hastings, NE by $2,543.
Farmington, NM overview · Hastings, NE overview · Popular comparisons