Last updated: 2024 BLS data · Page refreshed:
Farmington has a population of 4,705 with a median age of 29.7. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 4,705 |
| Median Age | 29.7 |
| White | 86.6% |
| Black or African American | 2.2% |
| Asian | 2.1% |
| Hispanic or Latino | 4.1% |
| Other / Two or More Races | 5.0% |
The median household income in Farmington is $41,033, which is 49.1% below the national median of $80,610. The per capita income is $26,631. The poverty rate is 20.5%.
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In Farmington, 94.1% of residents age 25+ have a high school diploma or higher, and 41.2% hold a bachelor's degree or higher (22.2% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 94.1% |
| Bachelor's Degree or Higher | 41.2% |
| Graduate or Professional Degree | 22.2% |
The median home value in Farmington is $169,900, below the national median of $303,400. The median monthly rent is $871. The homeownership rate is 35.0%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $169,900 |
| Median Monthly Rent | $871 |
| Homeownership Rate | 35.0% |
| Vacancy Rate | 5.4% |
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