Cost of Living: Farmington, NM vs Santa Fe, 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 Santa Fe, NM. In the model, rent is about 14.47% of gross in Farmington, NM versus 20.11% in Santa Fe, 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 Santa Fe, NM.
At a glance
- Cheaper overall (lower cost-of-living index): Santa Fe, NM
- Lower rent (median 1BR/2BR): Farmington, NM
- Lower home prices: Farmington, NM
- Higher median household income: Santa Fe, NM
Cost of Living Index
Farmington, NM: 100 (U.S. = 100) · Santa Fe, 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) · Santa Fe, NM: $1,311/mo
Median rent in Santa Fe, NM is $367/mo higher than in Farmington, NM.
Median Home Price
Farmington, NM: $225,400 · Santa Fe, NM: $411,500
Median home price in Santa Fe, NM is $186,100 higher than in Farmington, NM.
Median Household Income
Farmington, NM: $63,745 · Santa Fe, NM: $70,110
Santa Fe, NM has a higher median household income than Farmington, NM by $6,365.
Farmington, NM overview · Santa Fe, NM overview · Popular comparisons