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The total population of Farmington is estimated to be 11,486 with 5,482 males (47.73%) and 6,004 females (52.27%). There are 522 more females than males in Farmington.
The median household income in Farmington was $91,400 in 2021, which marked an an increase of 2,024(2.26%) from $89,376 in 2020. This income is 122.51% 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 $112,093. Overall, the median household income for the city of Farmington stands at $91,400.
In Farmington, the median income for all workers aged 15 years and older, regardless of work hours, was $71,742 for males and $42,414 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $91,703 for males and $58,598 for females.
In Farmington, the demographic landscape is diverse, spanning 4 distinct racial categories among households. Among these, Asian households have the highest median household income at $109,522, while Black or African American households represent the opposite end with the lowest median household income of $55,473.
In 2022, the population of Farmington was 11,406, a 0.77% decrease year-by-year from 2021. Previously, in 2021, Farmington's population was 11,494, a decline of 0.55% compared to a population of 11,558 in 2020.
The median age in Farmington, MI is 38.7, as per 2021 ACS 5-Year Estimates. Of the total population, 16.29% were under the age of 15, 16.93% aged 15 to 29, 48.96% aged 30 to 64, 14.66% aged 65 to 84, and 3.16% were 85 years of age and older.
Racial distribution of Farmington population: 65.60% are White, 9.44% are Black or African American, 18.23% are Asian, 0.92% are some other race and 5.81% are multiracial.