NAICS 72

Accommodation and Food Services in Farmington, NM

Metro Market Score 63.2 (Difficult), ranked #215 of 298 metros. 218 establishments, 4,610 jobs.

Metro Market Score 63.2

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Difficult

ⓘ Lower is better. Relative to national accommodation and food services average.

⚡Rising Wages

Farmington's accommodation and food services sector saw employment decline over the past year (growth trend: 15.1). That contraction, combined with a 63.2 market score, puts this metro in the lower half for market conditions. Understand why the local market is shrinking before committing.

Industry Concentration

57.4

LQ: 1.09

Rank #171 of 298 metros

Wage Competitiveness

31.5

$22,607 avg wage

Growth Trend

↓ 15.1

Employment growth index

Rank #254 of 298 metros

Wage Pressure

77.5

YoY wage change index

218 Accommodation and Food Services Firms in Farmington

218

Establishments

-2.7% YoY

4,610

Total Employment

-2.4% YoY

$22,607

Average Annual Wage

+5.3% YoY

1.09

Location Quotient

Above national avg

Within New Mexico

#2 of 3

accommodation and food services metros in state

New Mexico state rank

#3 of 51

for accommodation and food services entry risk

vs State Median

0.0

matches median (63.2)

Farmington vs New Mexico Statewide

How this metro's accommodation and food services market compares to New Mexico overall. The state ranks #3/51 for entry risk.

Measure	Farmington	NM Statewide
Overall Score	63.2 Difficult	24.5 Low
Score Type	Metro Market Score	Entry Risk Score
Rank	#215 of 298 metros	#3 of 51 states

Metro and state scores use different methodologies (metro has 4 QCEW-based metrics; state adds BDS survival and momentum data). Direct score comparisons are approximate.

Other Industries in Farmington

Professional, Scientific, and Technical Services 18.5 Real Estate and Rental and Leasing 18.6 Information 22.1 Finance and Insurance 29.4 Administrative and Support Services 29.9 Construction 45.2 Healthcare and Social Assistance 50.3 Retail Trade 55.3 Other Services 57.2

Accommodation and Food Services in Other New Mexico Metros

Las Cruces 60.8 #198/298 Santa Fe 66.3 #236/298

Accommodation and Food Services Metros With Similar Conditions

Metros within 5 points of Farmington's 63.2 score. Useful when comparing markets with comparable entry profiles.

Providence-Warwick, RI 63.2 #214/298 Naples-Marco Island, FL 63.3 #216/298 Charleston-North Charleston, SC 63.4 #217/298 Fort Collins-Loveland, CO 62.8 #213/298 Lakeland-Winter Haven, FL 62.6 #212/298 Portland-Vancouver-Hillsboro, OR 63.9 #218/298 Austin-Round Rock-San Marcos, TX 62.4 #211/298 Wheeling, WV 64.0 #219/298 Lafayette, LA 62.3 #210/298 Bakersfield-Delano, CA 64.2 #220/298

Accommodation and Food Services in States Bordering New Mexico

State-level entry risk for accommodation and food services in adjacent states. Use this to weigh cross-border options.

Oklahoma 35.0 #20/51 Utah 36.5 #22/51 Texas 46.0 #38/51 Arizona 46.9 #40/51 Colorado 46.9 #41/51

Browse Accommodation and Food Services in Other States

State-level entry risk reports for accommodation and food services across all 51 markets, sorted by rank.

About Metro Market Score: A weighted composite of industry concentration (25%), wage competitiveness (25%), wage pressure (20%), and employment growth trend (30%). Lower scores indicate more favorable conditions. For Farmington's accommodation and food services sector, the employment growth component (84.9) has the strongest pull on the composite. Metro scores use QCEW data only (no BDS survival data at metro level). Read full methodology →

Data Sources

Quarterly Census of Employment and Wages (QCEW), Bureau of Labor Statistics. MSA-level establishment counts, employment, wages, and location quotients for the Farmington, NM MSA area.

Data period: 2024. Last updated: April 2026.

Metro Market Assessment