Pros and Cons of Living In Farmington, Minnesota. Is Farmington, MN a Nice Place To Live or Retire?

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Farmington, Minnesota

Moving to Farmington In Minnesota ? Is Farmington, MN a Nice Place To Live? Pros and Cons of Living in Farmington, Minnesota. Find out the best and worst about to live, raise a family or retire in Farmington.

Farmington is a city in Dakota County, Minnesota, United States. The population was 23,632 at the 2020 census. It is a part of the Minneapolis-St. Paul metropolitan area.

DEMOGRAPHICS

Population
22996
Unemployment
2.4%
49% NAT AVG.
Poverty
2.9%
79% NAT AVG.
Cost Of Living
105
5% NAT AVG.

ECONOMICS

Median Home Cost
$269500
17% NAT AVG.
Median Income
$95326
41% NAT AVG.
Median Rent
$1280
10% NAT AVG.
Overall Score
6

CRIME REPORT

Total Crime
200
63% NAT. AVG.
64% STATE AVG.
Violent Crime
26
71% NAT. AVG.
60% STATE AVG.
Property Crime
174
62% NAT. AVG.
65% STATE AVG.

SOCIO-ECONOMICS

People Living Below BPL
1 in 34
Unemployed People
1 in 42
People Earning < $10,000
1 in 100
People Earning < $50,000
22.7%
People With Any Degree
1 in 2.1

ETHNICITY

Ethnicity Farmington USA
White 85.1% 60.1%
African American 2.9% 12.2%
American Indian 0.4% 0.6%
Asian 2.1% 5.6%
Hawaiian 0% 0.2%
Multiracial 2.8% 2.8%
Hispanic 6% 18.2%
Other 0.7% 0.3%

HOUSEHOLD INCOME

HOUSEHOLD INCOME Farmington USA
Less than $10,000 1% 5.8%
$10,000 to $14,999 0.7% 4.1%
$15,000 to $24,999 4.1% 8.5%
$25,000 to $34,999 4.5% 8.6%
$35,000 to $49,999 12.4% 12.0%
$50,000 to $74,999 16.1% 17.2%
$75,000 to $99,999 14.3% 12.8%
$100,000 to $149,999 26.9% 15.6%
$150,000 to $199,999 13.4% 7.1%

EDUCATION

Education Farmington USA
< 9th Grade 0% 5.0%
9-12th Grade 6% 7.0%
High School or GED 21% 27.0%
Other College 25% 20.0%
Associate's Degree 14% 9%
Bachelor's Degree 27% 20.0%
Master's Degree 6% 9.0%
Professional Degree 1% 2.0%
Doctorate Degree 0% 1.0%
Farmington is a city in Minnesota state in USA with a population of 22996 residents.. The poverty rate of Farmington is 2.9%, which is 79% lower than national average. The typical household in Farmington earns $95326 a year, compared to the national median of $67,500. Nearly 22.7% of households earn less than $50,000 a year compared to 39% national rate. The unemployment rate of Farmington remained 2.4%, which is 49% lower than national rate.

Cost of living in Farmington is 105, which is 5% higher than national average. In Farmington, only 34% of adults have a bachelor's degree and 39% have some college but no degree. Median home value in Farmington is $269500 , which is 17% higher than national average. While median income in Farmington remained $95326, which is 41% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.
Farmington Scorecard

Jobs90%

Housing85%

Affordability80%

Safety85%

Amenities85%

Diversity70%

Education85%

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