Cost of Living: South Valley, NM vs Farmington, NM
Quick rent-and-take-home comparison
Using a baseline of $70,000/yr gross, take-home is about $4,230/mo in South Valley, NM versus $4,230/mo in Farmington, NM. In the model, rent is about 13.73% of gross in South Valley, NM versus 14.47% in Farmington, NM, so South Valley, NM tends to feel more affordable for rent.
Compare cost of living, rent, housing prices, and salary affordability between South Valley, NM and Farmington, NM.
At a glance
- Cheaper overall (lower cost-of-living index): Farmington, NM
- Lower rent (median 1BR/2BR): South Valley, NM
- Lower home prices: South Valley, NM
- Higher median household income: Farmington, NM
Cost of Living Index
South Valley, NM: 100 (U.S. = 100) · Farmington, NM: 100 (U.S. = 100)
Both cities have the same cost-of-living index (U.S. average = 100).
Median Rent
South Valley, NM: $895/mo (midpoint of 1BR/2BR) · Farmington, NM: $944/mo
Median rent in Farmington, NM is $49/mo higher than in South Valley, NM.
Median Home Price
South Valley, NM: $205,200 · Farmington, NM: $225,400
Median home price in Farmington, NM is $20,200 higher than in South Valley, NM.
Median Household Income
South Valley, NM: $51,062 · Farmington, NM: $63,745
Farmington, NM has a higher median household income than South Valley, NM by $12,683.
South Valley, NM overview · Farmington, NM overview · Popular comparisons