Farmington, Minnesota has a population of 23,100, with a median household income of $108,400.
Current median income data for Farmington.
23,100
$108,400
3.00%
$395,000
16.50
1000.00 Mbps
Farmington is a small local community located in Minnesota. The city has a population that is above the average city population in Minnesota, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.
Situated in Minnesota, Farmington provides insight into regional population trends, income levels, and housing conditions.
Farmington has a population of 23,100, which is higher than the state average. This indicates a relatively larger urban presence within Minnesota.
The median household income in Farmington is $108,400, which is above the state average. This reflects stronger earning potential and economic stability.
Housing prices in Farmington average around $395,000, which is relatively high compared to other cities in Minnesota.
The unemployment rate in Farmington is 3.00%, which is lower than the state average, indicating a relatively strong job market. Crime rates in Farmington are higher than the state average, which may be a factor for residents to consider.
Compared to other cities in Minnesota, Farmington shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.
Farmington continues to play a role in shaping regional trends in Minnesota, particularly in terms of economic and demographic factors.
The population of Farmington is approximately 23,100.
Farmington offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.
The median household income in Farmington is around $108,400.
The average housing price in Farmington is approximately $395,000.