Last updated: 2024 BLS data · Page refreshed:
Farmington has a population of 25,389 with a median age of 32.6. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 25,389 |
| Median Age | 32.6 |
| White | 89.7% |
| Black or African American | 0.5% |
| Asian | 1.5% |
| Hispanic or Latino | 7.9% |
The median household income in Farmington is $127,338, which is 58.0% above the national median of $80,610. The per capita income is $46,413. The poverty rate is 5.4%.
The unemployment rate in Farmington is 3.0%, compared to the national rate of 4.1%.
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In Farmington, 97.8% of residents age 25+ have a high school diploma or higher, and 52.8% hold a bachelor's degree or higher (20.1% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 97.8% |
| Bachelor's Degree or Higher | 52.8% |
| Graduate or Professional Degree | 20.1% |
The median home value in Farmington is $650,700, above the national median of $303,400. The median monthly rent is $1,769. The homeownership rate is 81.0%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $650,700 |
| Median Monthly Rent | $1,769 |
| Homeownership Rate | 81.0% |
| Vacancy Rate | 3.0% |
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