Farmington, a city located in the state of New Mexico (NM), is home to a population of approximately 46,457 people. Farmington boasts a median age of 35.7, with around 19.4% of its residents aged 60 or above. 8% of the population identifies as US Veterans. 14% of Farmington residents are disabled. The city has an average household income of $61,388, while the unemployment rate stands at 7.7%, and around 20.8% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Farmington is $216,736, with a monthly rent averaging $980.