Farmington is a city in Michigan state in USA with a population of 10520 residents.. The poverty rate of Farmington is 5.6%, which is 60% lower than national average. The typical household in Farmington earns $78875 a year, compared to the national median of $67,500. Nearly 34.4% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Farmington, only 98% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Farmington remained 2.5%, which is 47% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Farmington, only 57% of adults have a bachelor's degree and 28% have some college but no degree.

Cost of living in Farmington is 99, which is 1% lower than national average. Median home value in Farmington is $221500 , which is 4% lower than national average. While median income in Farmington remained $78875, which is 17% higher than national average.