Farmington, NM vs South Valley, NM

Farmington, NM and South Valley, NM have a very similar cost of living, with only a 1.1% difference in their overall index. Farmington scores 79 while South Valley scores 78 on the cost of living index, where 100 represents the national average. The day-to-day expenses for residents in both cities are comparable, though differences emerge when looking at specific categories.

On the housing front, median rent in Farmington is $993/month compared to $942/month in South Valley — a 5% difference. Home values follow the same pattern: South Valley is more affordable at $205,200 median vs $225,400.

Median household income in Farmington is $63,745 compared to $51,062 in South Valley (+24.8%). While Farmington is more expensive, its higher salaries more than compensate — residents there may actually end up with more disposable income. Looking at affordability, residents of Farmington spend roughly 18.7% of their income on rent, less than the 22.1% in South Valley.