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Farmington city, NM
ZIP 87402 — Economy & Jobs
Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.
Middle ClassLow Snow Area
Income, employment, industries, and economic trends
Income & Economy in Farmington city, NM (87402)
Median Income
$76,992
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+347
Wealth inflow
Population
10,997
Unemployment
3.3%
0.4pp below US avg
IRS migration statistics show a net inflow of about 347 for ZIP 87402 (Farmington city, NM) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 87402 (2020–Present)
Since 2020, population grew 14.3%, median income fell 0.7% (inflation-adjusted), home values increased 5.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $76,992 |
| Unemployment | 3.3% |
| Establishments | 443 |
| Employees | 6,180 |