Cost of Living in Farmington
Farmington's cost of living runs genuinely affordable on housing and property tax, with a real, disclosed spread on rent depending on source.
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Learn moreAffordable housing and low property tax
Farmington's average home value ran approximately $226,287 per Zillow, and its effective property tax rate ran approximately 0.81% -- both below relevant national medians.
A real, disclosed rent spread
Zillow cited an overall rent average of approximately $1,200/month, while Rentometer and Rent.com cited differing figures depending on bedroom count and methodology.
A real energy-sector wage factor
Oil and gas jobs in the San Juan Basin can offer above-average regional wages, though the sector's own long-term production trend runs in decline.
Key takeaways
- Farmington's housing and property tax both run genuinely below relevant national medians.
- Rent carries a real, disclosed cross-source spread depending on bedroom count.
- Energy-sector wages remain a real regional factor amid a longer-term production decline.
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