Farmington is a city in Minnesota state in USA with a population of 22996 residents.. The poverty rate of Farmington is 2.9%, which is 79% lower than national average. The typical household in Farmington earns $95326 a year, compared to the national median of $67,500. Nearly 22.7% of households earn less than $50,000 a year compared to 39% national rate.

A high school education is a basic prerequisite for most jobs, and in Farmington, only 94% of adults have a high school diploma, compared to the 87.7% of adults nationwide. The unemployment rate of Farmington remained 2.4%, which is 49% lower than national rate. Higher educational attainment can lead to improved job security and reduce the likelihood of financial insecurity. In Farmington, only 34% of adults have a bachelor's degree and 39% have some college but no degree.

Cost of living in Farmington is 105, which is 5% higher than national average. Median home value in Farmington is $269500 , which is 17% higher than national average. While median income in Farmington remained $95326, which is 41% higher than national average. Not only are incomes low in the town, but it also has a high cost of living, meaning a dollar does not go as far as it might elsewhere.