Farmington, NM

Business Ideas & Market Opportunities

The Farmington market is stable, matching the national average. Our analysis identifies 15 active sectors where local supply has not yet met the demand indicated by the national baseline.

Active Local Businesses

2,560

Total Competition Pool

Market Size

121K

Total Metro Population

5-Year Growth Rate

+0.1%

🔥 Outpacing US(+0.1% avg)

Underserved Sectors

34

Niches with LQ < 0.8

Analyst Tip

Viewing all opportunities. Use the View Mode toggle above to filter by business model, or search to find specific niches.

Showing 20 of 69 opportunities

Offices of Mental Health Practitioners (except Physicians)

Growth
+83.3%
Scale
$275K PAY
Saturation
0.84
11 establishments

Pet Care (except Veterinary) Services

Growth
+66.7%
Scale
$62K PAY
Saturation
1.43
10 establishments

All Other Miscellaneous Store Retailers (except Tobacco Stores)

Growth
+63.6%
Scale
$201K PAY
Saturation
2.69
18 establishments

Offices of Physical, Occupational and Speech Therapists, and Audiologists

Growth
+61.5%
Scale
$271K PAY
Saturation
1.46
21 establishments

General Automotive Repair

Growth
+58.3%
Scale
$180K PAY
Saturation
1.67
38 establishments

Specialized Freight (except Used Goods) Trucking, Local

Growth
+50.0%
Scale
$729K PAY
Saturation
3.07
24 establishments

Lessors of Nonresidential Buildings (except Miniwarehouses)

Growth
+50.0%
Scale
$128K PAY
Saturation
1.25
12 establishments

Electrical Contractors and Other Wiring Installation Contractors

Growth
+40.0%
Scale
$507K PAY
Saturation
1.86
42 establishments

Tax Preparation Services

Growth
+36.4%
Scale
$325.0M REV
Saturation
1.92
26 establishments

Lessors of Residential Buildings and Dwellings

Growth
+36.4%
Scale
$82K PAY
Saturation
0.73
15 establishments

All Other General Merchandise Stores

Growth
+34.8%
Scale
$214K PAY
Saturation
2.50
31 establishments

Offices of All Other Miscellaneous Health Practitioners

Growth
+33.3%
Scale
$170K PAY
Saturation
0.80
45 establishments

Residential Remodelers

Growth
+33.3%
Scale
$129K PAY
Saturation
0.54
20 establishments

Other Individual and Family Services

Growth
+27.3%
Scale
$259K PAY
Saturation
1.37
14 establishments

General Freight Trucking, Local

Growth
+25.0%
Scale
$498K PAY
Saturation
1.20
15 establishments

Industrial Supplies Merchant Wholesalers

Growth
+25.0%
Scale
$510K PAY
Saturation
3.92
10 establishments

Roofing Contractors

Growth
+25.0%
Scale
$189K PAY
Saturation
1.44
10 establishments

All Other Outpatient Care Centers

Growth
+22.2%
Scale
$1.1M PAY
Saturation
1.98
11 establishments

Child Care Services

Growth
+20.0%
Scale
$668K PAY
Saturation
0.80
18 establishments

Used Car Dealers

Growth
+18.8%
Scale
$250K PAY
Saturation
2.80
19 establishments

Analyst Insights & Due Diligence

Administrative data provides the map, but not the terrain. We recommend three specific validation steps for Farmington:

1

Demographic Fit

Does the local population age or income level explain the "Supply Gaps"? (e.g., A gap in luxury services may be due to lower local income).

2

Regulatory Check

Verify local licensing requirements. High barriers to entry often protect "High Yield" sectors from new competition.

3

Competitor Health

Investigate the "Momentum" sectors. Are existing businesses thriving, or is the growth due to high turnover and failure rates?