Farmington has a population of 46,457 with a median age of 35.7. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 46,457 |
| Median Age | 35.7 |
| White | 52.8% |
| Black or African American | 0.7% |
| Asian | 1.1% |
| Hispanic or Latino | 25.8% |
| Other / Two or More Races | 19.6% |
The median household income in Farmington is $61,388, which is 18.3% below the national median of $75,149. The per capita income is $28,961. The poverty rate is 20.8%.
The unemployment rate in Farmington is 7.7%, compared to the national rate of 5.4%.
In Farmington, 87.6% of residents age 25+ have a high school diploma or higher, and 20.6% hold a bachelor's degree or higher (9.9% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 87.6% |
| Bachelor's Degree or Higher | 20.6% |
| Graduate or Professional Degree | 9.9% |
The median home value in Farmington is $219,300, below the national median of $281,900. The median monthly rent is $980. The homeownership rate is 62.9%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $219,300 |
| Median Monthly Rent | $980 |
| Homeownership Rate | 62.9% |
| Vacancy Rate | 10.4% |
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