Last updated: 2024 BLS data · Page refreshed:
Farmington has a population of 23,902 with a median age of 35.4. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 23,902 |
| Median Age | 35.4 |
| White | 83.5% |
| Black or African American | 4.2% |
| Asian | 3.7% |
| Hispanic or Latino | 6.2% |
| Other / Two or More Races | 2.4% |
The median household income in Farmington is $123,673, which is 53.4% above the national median of $80,610. The per capita income is $48,512. The poverty rate is 5.1%.
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In Farmington, 93.5% of residents age 25+ have a high school diploma or higher, and 38.7% hold a bachelor's degree or higher (7.9% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 93.5% |
| Bachelor's Degree or Higher | 38.7% |
| Graduate or Professional Degree | 7.9% |
The median home value in Farmington is $366,200, above the national median of $303,400. The median monthly rent is $1,241. The homeownership rate is 86.5%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $366,200 |
| Median Monthly Rent | $1,241 |
| Homeownership Rate | 86.5% |
| Vacancy Rate | 2.5% |
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