Farmington, MN
Population 23,675 · Minnesota
About Farmington, MN
Farmington is a mid-sized city in Minnesota with a population of 23,675 residents. The median household income is $118,556 per year, which is above the national average. The median age in Farmington is 35.6 years.
Housing in Farmington has a median home value of $345,100 and median monthly rent of $1,275. Of the 8,475 total housing units, the majority are owner-occupied, with 7,129 owner-occupied and 1,100 renter-occupied units.
The unemployment rate in Farmington is 3.6% and the poverty rate is 3.8%. 38.1% of residents hold a bachelor's degree or higher. The average commute time is 27.5 minutes.
How Farmington Ranks in Minnesota
Cost of Living in Farmington, MN
Compared to national averages, Farmington has a median household income of $118,556 (58% above the national median of $75,149). Home values average $345,100, which is 41% above the national median. Monthly rent at $1,275 is 10% above the US average of $1,163. Within Minnesota, Farmington's income is 60% above the state average of $74,221, and home values are 69% above the state median of $204,472.
Why Live in Farmington, MN?
Farmington offers a strong local economy with a median household income of $118,556, well above the national average, and a strong job market with an unemployment rate of just 3.6%, and a well-educated community where 38.1% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 3.8%, better than the national average.
Farmington has a population of 23,675 with a median age of 35.6 years. Compare Farmington with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Farmington
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Champlin | 23,450 | $115,719 | $338,400 | Compare |
| White Bear Lake | 24,026 | $79,712 | $318,000 | Compare |
| New Brighton | 22,900 | $87,272 | $345,900 | Compare |
| Faribault | 24,458 | $61,662 | $233,900 | Compare |
| Crystal | 22,685 | $86,752 | $280,500 | Compare |
| Hastings | 22,050 | $92,940 | $294,100 | Compare |
| Columbia Heights | 22,016 | $74,688 | $259,900 | Compare |
| Golden Valley | 21,927 | $114,435 | $423,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Farmington
What is the population of Farmington, MN?
The population of Farmington, MN is 23,675 according to the latest Census data.
What is the median household income in Farmington?
The median household income in Farmington, MN is $118,556 per year.
What is the median home value in Farmington?
The median home value in Farmington, MN is $345,100.
What is the average rent in Farmington?
The median monthly rent in Farmington, MN is $1,275.
What is the unemployment rate in Farmington?
The unemployment rate in Farmington, MN is 3.6%.