Cost of Living: Farmington, NM vs Philadelphia, PA
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 $4,337/mo in Philadelphia, PA. In the model, rent is about 14.47% of gross in Farmington, NM versus 19.29% in Philadelphia, PA, so Farmington, NM tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Farmington, NM and Philadelphia, PA.
At a glance
- Cheaper overall (lower cost-of-living index): Philadelphia, PA
- 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) · Philadelphia, PA: 95.2 (U.S. = 100)
Philadelphia, PA 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) · Philadelphia, PA: $1,257/mo
Median rent in Philadelphia, PA is $313/mo higher than in Farmington, NM.
Median Home Price
Farmington, NM: $225,400 · Philadelphia, PA: $232,400
Median home price in Philadelphia, PA is $7,000 higher than in Farmington, NM.
Median Household Income
Farmington, NM: $63,745 · Philadelphia, PA: $60,698
Farmington, NM has a higher median household income than Philadelphia, PA by $3,047.
Farmington, NM overview · Philadelphia, PA overview · Popular comparisons