NAICS 54

Professional, Scientific, and Technical Services in Farmington, NM

Metro Market Score 18.5 (Favorable), ranked #11 of 261 metros. 251 establishments, 930 jobs.

Metro Market Score 18.5

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Favorable

ⓘ Lower is better. Relative to national professional, scientific, and technical services average.

📈Rapid Growth✓Favorable Market🌱Emerging Market

Employment in Farmington's professional, scientific, and technical services sector grew faster than most metros last year, pushing its growth trend index to 86.6. Combined with a 18.5 market score, this metro sits in the top 10% for overall conditions.

Industry Concentration

7.3

LQ: 0.29

Rank #19 of 261 metros

Wage Competitiveness

5.8

$62,767 avg wage

Growth Trend

↑ 86.6

Employment growth index

Rank #36 of 261 metros

Wage Pressure

56.2

YoY wage change index

251 Professional, Scientific, and Technical Services Firms in Farmington

251

Establishments

+9.6% YoY

930

Total Employment

+5.3% YoY

$62,767

Average Annual Wage

+11.8% YoY

0.29

Location Quotient

Below national avg

Within New Mexico

#1 of 3

professional, scientific, and technical services metros in state

New Mexico state rank

#51 of 51

for professional, scientific, and technical services entry risk

vs State Median

-37.3

better than median (55.8)

Farmington vs New Mexico Statewide

How this metro's professional, scientific, and technical services market compares to New Mexico overall. The state ranks #51/51 for entry risk.

Measure	Farmington	NM Statewide
Overall Score	18.5 Favorable	59.3 High
Score Type	Metro Market Score	Entry Risk Score
Rank	#11 of 261 metros	#51 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

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 63.2

Professional, Scientific, and Technical Services in Other New Mexico Metros

Las Cruces 55.8 #173/261 Santa Fe 59.9 #186/261

Professional, Scientific, and Technical Services Metros With Similar Conditions

Metros within 5 points of Farmington's 18.5 score. Useful when comparing markets with comparable entry profiles.

Goldsboro, NC 18.3 #10/261 Laredo, TX 17.9 #9/261 Yakima, WA 17.6 #8/261 Elkhart-Goshen, IN 19.7 #12/261 Visalia, CA 17.2 #7/261 Sheboygan, WI 20.1 #13/261 Janesville-Beloit, WI 20.4 #14/261 Beckley, WV 16.4 #6/261 Sherman-Denison, TX 20.8 #15/261 Jonesboro, AR 16.1 #5/261

Professional, Scientific, and Technical Services in States Bordering New Mexico

State-level entry risk for professional, scientific, and technical services in adjacent states. Use this to weigh cross-border options.

Arizona 41.2 #28/51 Texas 42.2 #30/51 Utah 42.2 #31/51 Oklahoma 45.4 #43/51 Colorado 46.4 #46/51

Browse Professional, Scientific, and Technical Services in Other States

State-level entry risk reports for professional, scientific, and technical 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 professional, scientific, and technical services sector, the wage pressure component (56.2) 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