Farmington, NM 87402

Income Statistics

Number of Returns People Average Income Average Dividend Average Social Security Average Mortgage Interest
Under $25,000 1350 1960 $10,730 $1,070
(7.41% of returns)
$1,871
(5.19% of returns)
$7,140
$25,000 to $50,000 940 1810 $28,764 $2,591
(12.77% of returns)
$7,252
(20.21% of returns)
$6,092
$50,000 to $75,000 610 1380 $42,007 $5,808
(19.67% of returns)
$15,560
(24.59% of returns)
$6,927
$75,000 to $100,000 500 1370 $50,725 $3,663
(22% of returns)
$21,572
(22% of returns)
$7,500
$100,000 to $200,000 850 2480 $73,667 $4,153
(30.59% of returns)
$25,729
(20% of returns)
$9,062
Over $200,000 300 890 $239,276 $20,262
(53.33% of returns)
$24,900
(20% of returns)
$11,820
For Zip 4550 9890 $57,484

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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