Farmington is a medium-sized city located in the state of Minnesota. With a population of 23,566 people and six associated neighborhoods, Farmington is the 47th largest community in Minnesota.
Farmington real estate is some of the most expensive in Minnesota, although Farmington house values don't compare to the most expensive real estate in the U.S.
Also of interest is that Farmington has more people living here who work in computers and math than 95% of the places in the US.
One interesting thing about the economy is that relatively large numbers of people worked from their home: 13.95% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Because of many things, Farmington is a great place for families with children to consider. First of all, many other families with children live here, making Farmington a place where both parents and children are more likely to develop social ties with other families, as well as find family-oriented services and community. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic values. With regard to real estate, Farmington has a high rate of owner-occupied single family homes, which tends to reflect stability in the local community. Finally, Farmington’s overall crime rate is lower than average for the country.
The population of Farmington is very well educated relative to most cities and towns in the nation, where the average community has 21.84% of its adult population holding a 4-year degree or higher: 37.50% of adults in Farmington have a bachelor's degree or even advanced degree.
The per capita income in Farmington in 2022 was $44,105, which is wealthy relative to Minnesota, and upper middle income relative to the rest of the US. This equates to an annual income of $176,420 for a family of four.
Farmington is a somewhat ethnically-diverse city. The people who call Farmington home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Farmington residents report their race to be White, followed by Black or African-American. Important ancestries of people in Farmington include German, Norwegian, Irish, English, and Swedish.
The most common language spoken in Farmington is English. Other important languages spoken here include Spanish and Native American languages.