Albany, NY vs Farmington, NM
Cost of Living Comparison
Farmington, NM is more affordable by 11.9 index points
Side-by-Side Comparison
| Category | Albany, NY | Farmington, NM | Difference |
|---|---|---|---|
| Overall | 99.6 | 87.7 | +11.9 |
| Housing | 102.6 | 56.6 | +46.0 |
| Goods | 99.7 | 96.1 | +3.5 |
| Utilities | 134.0 | 77.9 | +56.2 |
| Other Services | 97.8 | 98.5 | -0.8 |
Income & Housing Comparison
| Metric | Albany, NY | Farmington, NM |
|---|---|---|
| Median Household Income | $83,360 | $50,734 |
| Median Home Value | $254,100 | $170,700 |
| Median Monthly Rent | $1,181 | $894 |
| Per Capita Income | $44,919 | $25,008 |
Frequently Asked Questions
Is Albany, NY or Farmington, NM cheaper to live in?
Farmington, NM is more affordable. The cost of living difference is 11.9 index points (Albany, NY: 99.6, Farmington, NM: 87.7).
Where is housing cheaper, Albany, NY or Farmington, NM?
Housing is more affordable in Farmington, NM. Housing index: Albany, NY (102.6) vs Farmington, NM (56.6).