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The total population of Farmington is estimated to be 506 with 263 males (51.98%) and 243 females (48.02%). There are 20 less females than males in Farmington.
The median household income in Farmington was $57,721 in 2021, which marked an an increase of 6,375(12.42%) from $51,346 in 2020. This income is 77.37% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Farmington sees its highest median household income among householders in the age group of 45 to 64 years old, at $62,360. Overall, the median household income for the city of Farmington stands at $57,721.
In Farmington, the median income for all workers aged 15 years and older, regardless of work hours, was $44,453 for males and $17,992 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $59,282 for males and $38,339 for females.
In Farmington, population is primarily represented by White households, reporting a median income of $57,937.
In 2022, the population of Farmington was 587, a 0.17% decrease year-by-year from 2021. Previously, in 2021, Farmington's population was 588, an increase of 0.68% compared to a population of 584 in 2020.
The median age in Farmington, IA is 50.1, as per 2021 ACS 5-Year Estimates. Of the total population, 16.29% were under the age of 15, 15.17% aged 15 to 29, 55.06% aged 30 to 64, 11.42% aged 65 to 84, and 2.06% were 85 years of age and older.
Racial distribution of Farmington population: 99.25% are White and 0.75% are multiracial.