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The total population of Farmington is estimated to be 23,487 with 11,933 males (50.81%) and 11,554 females (49.19%). There are 379 less females than males in Farmington.
The median household income in Farmington was $113,922 in 2021, which marked an an increase of 5,904(5.47%) from $108,018 in 2020. This income is 152.70% 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 $129,675. Overall, the median household income for the city of Farmington stands at $113,922.
In Farmington, the median income for all workers aged 15 years and older, regardless of work hours, was $64,808 for males and $41,626 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $79,703 for males and $63,954 for females.
In Farmington, the demographic landscape is diverse, spanning 5 distinct racial categories among households. Among these, Asian households have the highest median household income at $126,613, while Two or More Races households represent the opposite end with the lowest median household income of $87,407.
In 2022, the population of Farmington was 23,566, a 0.42% decrease year-by-year from 2021. Previously, in 2021, Farmington's population was 23,665, an increase of 0.22% compared to a population of 23,613 in 2020.
The median age in Farmington, MN is 34.6, as per 2021 ACS 5-Year Estimates. Of the total population, 24.91% were under the age of 15, 19.04% aged 15 to 29, 48.12% aged 30 to 64, 6.67% aged 65 to 84, and 1.26% were 85 years of age and older.
Racial distribution of Farmington population: 89.12% are White, 2.36% are Black or African American, 0.49% are American Indian and Alaska Native, 2.37% are Asian, 1.91% are some other race and 3.75% are multiracial.