Farmington, UT
Population 24,934 · Utah
About Farmington, UT
Farmington is a mid-sized city located in Utah with a population of 24,934 residents according to the latest US Census Bureau American Community Survey data. The median household income is $120,432 per year, which is 60% above the national median of $75,149. The median age of 31.7 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 $618,400, which is 153% above the national median of $244,900. This places Farmington in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,644, 41% above the national average of $1,163/month. Of the 7,397 total housing units, 83% are owner-occupied (5,897 units) and 17% are renter-occupied (1,249 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Farmington shows an unemployment rate of 2.2%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Farmington have an average one-way commute time of 21.9 minutes.
Education & Demographics
50.6% 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 4.9% White, 0.6% Hispanic or Latino, 0.2% Black or African American, and 1.8% Asian residents, with 4.9% of the population being foreign-born.
How Farmington Ranks in Utah
Cost of Living in Farmington, UT
Compared to national averages, Farmington has a median household income of $120,432 (60% above the national median of $75,149). Home values average $618,400, which is 153% above the national median. Monthly rent at $1,644 is 41% above the US average of $1,163. Within Utah, Farmington's income is 36% above the state average of $88,715, and home values are 45% above the state median of $426,386.
Why Live in Farmington, UT?
Farmington offers a strong local economy with a median household income of $120,432, well above the national average, and a strong job market with an unemployment rate of just 2.2%, and a well-educated community where 50.6% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 5.0%, better than the national average, and short commute times averaging just 21.9 minutes.
Potential considerations include a competitive housing market where the typical home costs $618,400. However, Farmington’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Farmington has a population of 24,934 with a median age of 31.7 years. Compare Farmington with other cities to see how it stacks up, or explore all cities in Utah.
Similar Cities Near Farmington
Cities in Utah with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| South Salt Lake | 26,277 | $68,035 | $390,400 | Compare |
| Clinton | 23,492 | $109,915 | $412,200 | Compare |
| North Salt Lake | 23,239 | $106,885 | $469,800 | Compare |
| Payson | 22,205 | $84,286 | $388,200 | Compare |
| Hurricane | 21,677 | $67,424 | $411,400 | Compare |
| North Ogden | 21,473 | $107,425 | $443,100 | Compare |
| Magna metro township, Utah | 29,488 | $87,516 | $341,400 | Compare |
| West Haven | 19,977 | $104,307 | $511,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Utah
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, UT?
The population of Farmington, UT is 24,934 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Utah.
What is the median household income in Farmington?
The median household income in Farmington, UT is $120,432 per year, which is 60% above the national median of $75,149.
What is the median home value in Farmington?
The median home value in Farmington, UT is $618,400, which is 153% 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, UT is $1,644, which is 41% above the national average of $1,163/month.
What is the unemployment rate in Farmington?
The unemployment rate in Farmington, UT is 2.2%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Farmington, UT a good place to live?
Farmington offers above-average incomes, a competitive housing market, and a strong job market. With a population of 24,934 and a median age of 31.7, the city appeals to young professionals and families.
How educated is Farmington, UT?
50.6% 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, UT: median home value is $618,400 (153% above national), median rent is $1,644/month, and median household income is $120,432. The home-value-to-income ratio is 5.1x, a moderate figure by national standards.
What is the poverty rate in Farmington?
The poverty rate in Farmington, UT is 5.0%, 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, UT?
Farmington's population is 4.9% White, 0.6% Hispanic or Latino, 0.2% Black or African American, 1.8% Asian, and 0.8% two or more races. 4.9% of residents are foreign-born.