NAICS 62

Healthcare and Social Assistance in Farmington, NM

Metro Market Score 50.3 (Challenging), ranked #135 of 248 metros. 446 establishments, 6,940 jobs.

Metro Market Score 50.3

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

ⓘ Lower is better. Relative to national healthcare and social assistance average.

Healthcare and Social Assistance conditions in Farmington are mixed. The 50.3 market score puts it at #135 of 248, with no metric pulling sharply in either direction. Wages, growth, and competition are all within a normal range for this industry.

Industry Concentration

46.8

LQ: 1.04

Rank #116 of 248 metros

Wage Competitiveness

22.6

$57,244 avg wage

Growth Trend

↓ 31.4

Employment growth index

Rank #171 of 248 metros

Wage Pressure

61.9

YoY wage change index

446 Healthcare and Social Assistance Firms in Farmington

446

Establishments

+4.0% YoY

6,940

Total Employment

+2.3% YoY

$57,244

Average Annual Wage

+7.5% YoY

1.04

Location Quotient

Above national avg

Within New Mexico

#3 of 4

healthcare and social assistance metros in state

New Mexico state rank

#47 of 51

for healthcare and social assistance entry risk

vs State Median

0.0

matches median (50.3)

Farmington vs New Mexico Statewide

How this metro's healthcare and social assistance market compares to New Mexico overall. The state ranks #47/51 for entry risk.

Measure	Farmington	NM Statewide
Overall Score	50.3 Challenging	53.1 Elevated
Score Type	Metro Market Score	Entry Risk Score
Rank	#135 of 248 metros	#47 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 Retail Trade 55.3 Other Services 57.2 Accommodation and Food Services 63.2

Healthcare and Social Assistance in Other New Mexico Metros

Las Cruces 41.0 #73/248 Albuquerque 48.6 #124/248 Santa Fe 50.8 #141/248

Healthcare and Social Assistance Metros With Similar Conditions

Metros within 5 points of Farmington's 50.3 score. Useful when comparing markets with comparable entry profiles.

Watertown-Fort Drum, NY 50.3 #136/248 North Port-Bradenton-Sarasota, FL 50.2 #134/248 Bend, OR 50.5 #137/248 Bellingham, WA 50.5 #138/248 Altoona, PA 49.9 #133/248 Deltona-Daytona Beach-Ormond Beach, FL 49.9 #132/248 Lancaster, PA 50.7 #139/248 Kingston, NY 50.7 #140/248 Santa Fe, NM 50.8 #141/248 Sebastian-Vero Beach-West Vero Corridor, FL 49.5 #131/248

Healthcare and Social Assistance in States Bordering New Mexico

State-level entry risk for healthcare and social assistance in adjacent states. Use this to weigh cross-border options.

Utah 22.9 #1/51 Arizona 44.1 #32/51 Colorado 46.7 #35/51 Texas 46.8 #36/51 Oklahoma 49.7 #41/51

Browse Healthcare and Social Assistance in Other States

State-level entry risk reports for healthcare and social assistance 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 healthcare and social assistance sector, the employment growth component (68.5) 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