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ZipNumbers

Minnesota · Census place 20618

Farmington city, MN

Quick answer

Farmington city has 23,675 residents, ranking #46 of 914 places in Minnesota. Median household income is $118,556, the median home is worth $345,100 and median gross rent runs $1,275 a month.

Population
23,675Farmington city residents
Median household income
$118,556Past 12 months, inflation adjusted
Median home value
$345,100Owner-occupied units
Median gross rent
$1,275Rent plus utilities, monthly
Median age
35.6 yrsAll residents
Homeownership rate
86.6%Owner-occupied households

What the numbers mean in Farmington city

Housing cost measured against local earnings.

A household earning the Farmington city median would spend about 12.9% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 3.8% of residents and 86.6% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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