Median Household Income
$123,673 ± $7,209
Median Home Value
$366,200 ± $10,487
Median Gross Rent
$1,241 ± $244/mo
Per Capita Income
$48,512
Poverty Rate
5.1%
Unemployment Rate
3.4%
Homeownership Rate
86.5%
Bachelor's Degree or Higher
38.7%
Median Age
35.4
Average Commute
22 min
Households
8,313
Veterans
907
Population Over Time
Farmington grew 9.3% from 2014 to 2024.
2014
21,861
2016
22,226
2018
22,714
2020
22,996
2022
23,487
2024
23,902
Population by Race & Ethnicity
White
83.5%
Hispanic or Latino
6.2%
Black or African American
4.2%
Asian
3.7%
Nearby Cities in Minnesota
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024. Estimates carry a margin of error (shown as ±) inherent to ACS's sample-based methodology.