Farmington, NM 87401

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 6900 12080 $11,403 $1,577
(3.91% of returns)
$1,940
(3.19% of returns)
$6,030
$25,000 to $50,000 3920 8410 $28,846 $2,576
(7.65% of returns)
$6,903
(14.03% of returns)
$5,764
$50,000 to $75,000 2160 5310 $41,656 $3,273
(13.89% of returns)
$15,133
(19.44% of returns)
$6,479
$75,000 to $100,000 1450 3910 $51,391 $3,718
(18.62% of returns)
$20,106
(20.69% of returns)
$7,218
$100,000 to $200,000 1760 4910 $72,542 $6,206
(27.84% of returns)
$23,117
(23.3% of returns)
$7,913
Over $200,000 370 1040 $213,710 $17,005
(54.05% of returns)
$27,500
(21.62% of returns)
$10,369
For Zip 16560 35660 $39,276

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Income Tax Rates

Rate Minimum Income Maximum Income
0.017 0 5500
0.032 5500 11000
0.047 11000 16000
0.049 16000 null

Property Tax Rates

Rate Rank (compared to Other States)
0.0068 37

Sales Tax Rates

State Rate Average Local Rate Combined Rate Rank (compared to Other States)
0.05125 0.0269 0.0782 15