Cost of Living: Farmington, NM vs Rio Rancho, NM
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 $4,230/mo in Rio Rancho, NM. In the model, rent is about 14.47% of gross in Farmington, NM versus 21.58% in Rio Rancho, NM, so Farmington, NM tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Farmington, NM and Rio Rancho, NM.
At a glance
- Cheaper overall (lower cost-of-living index): Rio Rancho, NM
- Lower rent (median 1BR/2BR): Farmington, NM
- Lower home prices: Farmington, NM
- Higher median household income: Rio Rancho, NM
Cost of Living Index
Farmington, NM: 100 (U.S. = 100) · Rio Rancho, NM: 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) · Rio Rancho, NM: $1,407/mo
Median rent in Rio Rancho, NM is $463/mo higher than in Farmington, NM.
Median Home Price
Farmington, NM: $225,400 · Rio Rancho, NM: $273,300
Median home price in Rio Rancho, NM is $47,900 higher than in Farmington, NM.
Median Household Income
Farmington, NM: $63,745 · Rio Rancho, NM: $85,755
Rio Rancho, NM has a higher median household income than Farmington, NM by $22,010.
Farmington, NM overview · Rio Rancho, NM overview · Popular comparisons