Last updated: 2024 BLS data · Page refreshed:
Farmington has a population of 11,504 with a median age of 39.0. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 11,504 |
| Median Age | 39.0 |
| White | 60.0% |
| Black or African American | 6.7% |
| Asian | 23.9% |
| Hispanic or Latino | 3.7% |
| Other / Two or More Races | 5.7% |
The median household income in Farmington is $97,750, which is 21.3% above the national median of $80,610. The per capita income is $54,364. The poverty rate is 4.8%.
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In Farmington, 96.3% of residents age 25+ have a high school diploma or higher, and 62.4% hold a bachelor's degree or higher (27.2% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 96.3% |
| Bachelor's Degree or Higher | 62.4% |
| Graduate or Professional Degree | 27.2% |
The median home value in Farmington is $297,200, below the national median of $303,400. The median monthly rent is $1,340. The homeownership rate is 61.7%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $297,200 |
| Median Monthly Rent | $1,340 |
| Homeownership Rate | 61.7% |
| Vacancy Rate | 4.8% |
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