Can A Carpenter Afford Rent in Farmington, NM?
Comfortably affordable — rent takes 28.5% of gross income.
Farmington rent: July 2026. Salary: BLS OEWS May 2024 (New Mexico state estimate).
About rent and a carpenter salary
Carpenter pay sits modestly above the US median household income and covers comfortable rent in most lower- and mid-cost metros. Union carpenters in high-cost cities often earn well above the BLS mean. At the national-average carpenter salary, the 30% rule supports about $1,524 a month in rent.
Cheaper rent nearby
These New Mexico cities have lower median rent than Farmington, which improves the affordability math on a carpenter salary:
Compare with full rent data for Farmington
View full rent data for Farmington, NM →Frequently asked questions
Can a carpenter afford rent in Farmington, NM?
Median rent in Farmington is $1,304 a month. A typical carpenter in New Mexico earns about $54,846 a year, which makes that rent 28.5% of gross monthly income. Under the 30% rule, the answer is yes.
How much rent can a carpenter afford in Farmington?
Using the 30% rule, a carpenter salary in New Mexico (~$54,846/yr) supports up to $1,371 a month in rent. Farmington's current median rent is $1,304/mo, which leaves a $67/mo buffer.
How many hours does a carpenter work to cover rent in Farmington?
At an hourly equivalent of about $26 an hour, a carpenter in New Mexico works roughly 49.5 hours a month to cover Farmington's median rent of $1,304.
Where is rent cheaper than Farmington for a carpenter?
Nearby New Mexico cities with lower median rent include Las Cruces ($1,290/mo), Las Cruces ($1,286/mo), Las Cruces ($1,282/mo). Each shifts the affordability math materially on a carpenter salary.