Farmington, MI
Population 11,472 · Michigan
About Farmington, MI
Farmington is a mid-sized city located in Michigan with a population of 11,472 residents according to the latest US Census Bureau American Community Survey data. The median household income is $94,115 per year, which is 25% above the national median of $75,149. The median age of 39.6 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Farmington features a median home value of $273,000, which is 11% above the national median of $244,900. This positions Farmington in a moderately priced market relative to the rest of the country. Median monthly rent is $1,299, 12% above the national average of $1,163/month. Of the 5,434 total housing units, 65% are owner-occupied (3,345 units) and 35% are renter-occupied (1,840 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Farmington shows an unemployment rate of 3.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Farmington have an average one-way commute time of 24.1 minutes.
Education & Demographics
60.8% of Farmington residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 2.4% White, 0.5% Hispanic or Latino, 0.4% Black or African American, and 1.5% Asian residents, with 21.1% of the population being foreign-born.
How Farmington Ranks in Michigan
Cost of Living in Farmington, MI
Compared to national averages, Farmington has a median household income of $94,115 (25% above the national median of $75,149). Home values average $273,000, which is 11% above the national median. Monthly rent at $1,299 is 12% above the US average of $1,163. Within Michigan, Farmington's income is 43% above the state average of $66,017, and home values are 49% above the state median of $183,391.
Why Live in Farmington, MI?
Farmington offers a strong local economy with a median household income of $94,115, well above the national average, and a strong job market with an unemployment rate of just 3.5%, and a well-educated community where 60.8% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 4.0%, better than the national average, and short commute times averaging just 24.1 minutes.
Farmington has a population of 11,472 with a median age of 39.6 years. Compare Farmington with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Farmington
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| East Grand Rapids | 11,394 | $168,487 | $488,500 | Compare |
| Grosse Pointe Park | 11,394 | $121,796 | $460,500 | Compare |
| Clawson | 11,314 | $86,630 | $250,800 | Compare |
| South Lyon | 11,825 | $83,822 | $280,900 | Compare |
| Niles | 11,838 | $47,815 | $115,400 | Compare |
| Sturgis | 11,077 | $60,640 | $129,400 | Compare |
| Fenton | 11,950 | $83,077 | $211,700 | Compare |
| Grand Haven | 10,966 | $60,665 | $242,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
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, MI?
The population of Farmington, MI is 11,472 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Michigan.
What is the median household income in Farmington?
The median household income in Farmington, MI is $94,115 per year, which is 25% above the national median of $75,149.
What is the median home value in Farmington?
The median home value in Farmington, MI is $273,000, which is 11% above 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, MI is $1,299, which is 12% above the national average of $1,163/month.
What is the unemployment rate in Farmington?
The unemployment rate in Farmington, MI is 3.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Farmington, MI a good place to live?
Farmington offers above-average incomes, a competitive housing market, and a strong job market. With a population of 11,472 and a median age of 39.6, the city appeals to a broad range of residents.
How educated is Farmington, MI?
60.8% of residents in Farmington aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Farmington?
Key cost-of-living indicators for Farmington, MI: median home value is $273,000 (11% above national), median rent is $1,299/month, and median household income is $94,115. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Farmington?
The poverty rate in Farmington, MI is 4.0%, 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, MI?
Farmington's population is 2.4% White, 0.5% Hispanic or Latino, 0.4% Black or African American, 1.5% Asian, and 8.2% two or more races. 21.1% of residents are foreign-born.