Cost of Living: Farmington, NM vs Roswell, 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 Roswell, NM. In the model, rent is about 14.47% of gross in Farmington, NM versus 12.24% in Roswell, NM, so Roswell, NM tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between Farmington, NM and Roswell, NM.
At a glance
- Cheaper overall (lower cost-of-living index): Roswell, NM
- Lower rent (median 1BR/2BR): Roswell, NM
- Lower home prices: Roswell, NM
- Higher median household income: Farmington, NM
Cost of Living Index
Farmington, NM: 100 (U.S. = 100) · Roswell, 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) · Roswell, NM: $798/mo
Median rent in Farmington, NM is $146/mo higher than in Roswell, NM.
Median Home Price
Farmington, NM: $225,400 · Roswell, NM: $139,200
Median home price in Farmington, NM is $86,200 higher than in Roswell, NM.
Median Household Income
Farmington, NM: $63,745 · Roswell, NM: $50,294
Farmington, NM has a higher median household income than Roswell, NM by $13,451.
Farmington, NM overview · Roswell, NM overview · Popular comparisons