NAICS 23

Construction in Farmington, NM

Metro Market Score 45.2 (Moderate), ranked #147 of 342 metros. 281 establishments, 3,791 jobs.

Metro Market Score 45.2

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Moderate

ⓘ Lower is better. Relative to national construction average.

🏭Industry Hub📈Rapid Growth

With a 1.55 location quotient, Farmington has an outsized construction presence relative to its population. That concentration (index: 92.7) creates a mature local market where supplier networks are established but differentiation matters more.

Industry Concentration

92.7

LQ: 1.55

Rank #317 of 342 metros

Wage Competitiveness

48.3

$72,229 avg wage

Growth Trend

↑ 94.4

Employment growth index

Rank #20 of 342 metros

Wage Pressure

41.5

YoY wage change index

281 Construction Firms in Farmington

281

Establishments

+7.7% YoY

3,791

Total Employment

+11.2% YoY

$72,229

Average Annual Wage

+7.6% YoY

1.55

Location Quotient

Above national avg

Within New Mexico

#3 of 4

construction metros in state

New Mexico state rank

#31 of 51

for construction entry risk

vs State Median

0.0

matches median (45.2)

Farmington vs New Mexico Statewide

How this metro's construction market compares to New Mexico overall. The state ranks #31/51 for entry risk.

Measure	Farmington	NM Statewide
Overall Score	45.2 Moderate	47.4 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#147 of 342 metros	#31 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 Healthcare and Social Assistance 50.3 Retail Trade 55.3 Other Services 57.2 Accommodation and Food Services 63.2

Construction in Other New Mexico Metros

Las Cruces 28.3 #30/342 Santa Fe 44.1 #138/342 Albuquerque 56.1 #257/342

Construction Metros With Similar Conditions

Metros within 5 points of Farmington's 45.2 score. Useful when comparing markets with comparable entry profiles.

Monroe, MI 45.3 #148/342 Decatur, AL 45.4 #149/342 Pensacola-Ferry Pass-Brent, FL 45.4 #150/342 Corvallis, OR 45.0 #146/342 Grand Forks, ND 45.5 #151/342 Crestview-Fort Walton Beach-Destin, FL 44.9 #145/342 Harrisburg-Carlisle, PA 45.7 #152/342 Mobile, AL 45.8 #153/342 Owensboro, KY 44.5 #144/342 State College, PA 46.0 #154/342

Construction in States Bordering New Mexico

State-level entry risk for construction in adjacent states. Use this to weigh cross-border options.

Arizona 38.6 #16/51 Utah 40.1 #22/51 Texas 46.3 #29/51 Oklahoma 52.2 #39/51 Colorado 53.2 #40/51

Browse Construction in Other States

State-level entry risk reports for construction 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 construction sector, the industry concentration component (92.7) 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