Cost of Living: Farmington, NM vs Houston, TX
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 $4,516/mo in Houston, TX. In the model, rent is about 14.47% of gross in Farmington, NM versus 19.13% in Houston, TX, so Farmington, NM tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Farmington, NM and Houston, TX.
At a glance
- Cheaper overall (lower cost-of-living index): Houston, TX
- Lower rent (median 1BR/2BR): Farmington, NM
- Lower home prices: Farmington, NM
- Higher median household income: Farmington, NM
Cost of Living Index
Farmington, NM: 100 (U.S. = 100) · Houston, TX: 92.1 (U.S. = 100)
Houston, TX has a lower cost-of-living index than Farmington, NM, so a given salary generally stretches further there.
Median Rent
Farmington, NM: $944/mo (midpoint of 1BR/2BR) · Houston, TX: $1,248/mo
Median rent in Houston, TX is $304/mo higher than in Farmington, NM.
Median Home Price
Farmington, NM: $225,400 · Houston, TX: $253,400
Median home price in Houston, TX is $28,000 higher than in Farmington, NM.
Median Household Income
Farmington, NM: $63,745 · Houston, TX: $62,894
Farmington, NM has a higher median household income than Houston, TX by $851.
Farmington, NM overview · Houston, TX overview · Popular comparisons