Farmington, IL
Population 1,990 · Illinois
About Farmington, IL
Farmington is a small town located in Illinois with a population of 1,990 residents according to the latest US Census Bureau American Community Survey data. The median household income is $64,313 per year, which is 14% below the national median of $75,149. The median age of 34.5 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Farmington features a median home value of $99,300, which is 59% below the national median of $244,900. This makes Farmington one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $877, 25% below the national average of $1,163/month. Of the 930 total housing units, 70% are owner-occupied (557 units) and 30% are renter-occupied (242 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Farmington shows an unemployment rate of 8.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 8.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Farmington have an average one-way commute time of 23.8 minutes.
Education & Demographics
24.0% of Farmington residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.1% White, 1.4% Hispanic or Latino, 0.0% Black or African American, and 0.3% Asian residents, with 0.6% of the population being foreign-born.
Cost of Living in Farmington, IL
Compared to national averages, Farmington has a median household income of $64,313 (14% below the national median of $75,149). Home values average $99,300, which is 59% below the national median. Monthly rent at $877 is 25% below the US average of $1,163. Within Illinois, Farmington's income is 14% below the state average of $75,072, and home values are 40% below the state median of $165,779.
Why Live in Farmington, IL?
Farmington offers affordable housing with a median home value of $99,300, below the US average of $244,900, and rent that’s lower than the national average at $877/month, and a low poverty rate of 8.5%, better than the national average. Additionally, the city features short commute times averaging just 23.8 minutes.
Potential considerations include median household income ($64,313) that falls below the national average. However, Farmington’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Farmington has a population of 1,990 with a median age of 34.5 years. Compare Farmington with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Farmington
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Channel Lake | 1,988 | $63,958 | $210,400 | Compare |
| Prairie Grove | 1,992 | $138,229 | $439,100 | Compare |
| Roanoke | 1,987 | $74,141 | $139,800 | Compare |
| Farmer City | 2,001 | $73,147 | $128,900 | Compare |
| Mount Olive | 1,979 | $55,139 | $96,600 | Compare |
| Lake of the Woods | 1,976 | $69,054 | $194,300 | Compare |
| Crystal Lawns | 1,965 | $109,415 | $234,600 | Compare |
| Earlville | 2,015 | $62,763 | $127,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Farmington With Other Cities
Frequently Asked Questions about Farmington
What is the population of Farmington, IL?
The population of Farmington, IL is 1,990 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Illinois.
What is the median household income in Farmington?
The median household income in Farmington, IL is $64,313 per year, which is 14% below the national median of $75,149.
What is the median home value in Farmington?
The median home value in Farmington, IL is $99,300, which is 59% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Farmington?
The median monthly rent in Farmington, IL is $877, which is 25% below the national average of $1,163/month.
What is the unemployment rate in Farmington?
The unemployment rate in Farmington, IL is 8.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Farmington, IL a good place to live?
Farmington offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 1,990 and a median age of 34.5, the city appeals to young professionals and families.
How educated is Farmington, IL?
24.0% of residents in Farmington aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Farmington?
Key cost-of-living indicators for Farmington, IL: median home value is $99,300 (59% below national), median rent is $877/month, and median household income is $64,313. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Farmington?
The poverty rate in Farmington, IL is 8.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Farmington, IL?
Farmington's population is 1.1% White, 1.4% Hispanic or Latino, 0.0% Black or African American, 0.3% Asian, and 0.1% two or more races. 0.6% of residents are foreign-born.