NAICS 44-45

Retail Trade in Farmington, NM

Metro Market Score 55.3 (Challenging), ranked #201 of 378 metros. 406 establishments, 5,911 jobs.

Metro Market Score 55.3

Favorable 0-35

Moderate 35-48

Challenging 48-60

Difficult 60+

Challenging

ⓘ Lower is better. Relative to national retail trade average.

⚡Rising Wages

Market conditions for retail trade in Farmington are tougher than average. The 55.3 market score reflects a combination of moderate wages, mixed growth signals, and an already crowded field. Rank: #201 of 378 metros.

Industry Concentration

77.0

LQ: 1.27

Rank #291 of 378 metros

Wage Competitiveness

42.9

$36,845 avg wage

Growth Trend

↑ 68.5

Employment growth index

Rank #120 of 378 metros

Wage Pressure

79.3

YoY wage change index

406 Retail Trade Firms in Farmington

406

Establishments

+1.0% YoY

5,911

Total Employment

+0.4% YoY

$36,845

Average Annual Wage

+3.4% YoY

1.27

Location Quotient

Above national avg

Within New Mexico

#3 of 4

retail trade metros in state

New Mexico state rank

#11 of 51

for retail trade entry risk

vs State Median

0.0

matches median (55.3)

Farmington vs New Mexico Statewide

How this metro's retail trade market compares to New Mexico overall. The state ranks #11/51 for entry risk.

Measure	Farmington	NM Statewide
Overall Score	55.3 Challenging	39.9 Moderate
Score Type	Metro Market Score	Entry Risk Score
Rank	#201 of 378 metros	#11 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 Other Services 57.2 Accommodation and Food Services 63.2

Retail Trade in Other New Mexico Metros

Las Cruces 26.0 #5/378 Albuquerque 55.2 #200/378 Santa Fe 70.8 #342/378

Retail Trade Metros With Similar Conditions

Metros within 5 points of Farmington's 55.3 score. Useful when comparing markets with comparable entry profiles.

Albuquerque, NM 55.2 #200/378 Lebanon, PA 55.1 #199/378 Monroe, MI 55.1 #198/378 Albany-Schenectady-Troy, NY 55.5 #202/378 Lansing-East Lansing, MI 55.0 #197/378 McAllen-Edinburg-Mission, TX 55.0 #196/378 Michigan City-La Porte, IN 55.6 #203/378 Hanford-Corcoran, CA 55.6 #204/378 Mobile, AL 54.9 #195/378 Port St. Lucie, FL 55.7 #205/378

Retail Trade in States Bordering New Mexico

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

Utah 40.3 #13/51 Texas 41.6 #17/51 Colorado 42.9 #23/51 Arizona 44.9 #32/51 Oklahoma 46.3 #35/51

Browse Retail Trade in Other States

State-level entry risk reports for retail trade 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 retail trade sector, the industry concentration component (77.0) 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