Demographics · Farmington, MN
Who lives in Farmington?
According to the Census Bureau, Farmington's median household income is $123,673, 16% higher than the Dakota County median (Dakota County: $106,318). The median age is 35.4, 86.5% of households own their home and 38.7% of adults hold a bachelor's degree or higher.
Population24,4648,313 households
Median household income$123,673Dakota Co. $106,318 · MN $89,062
Median home value$366,200Dakota Co. $381,000 · MN $329,300
Median gross rent$1,241Dakota Co. $1,548 · MN $1,280
Homeowners86.5%Dakota Co. 74.9% · MN 72.2%
Bachelor's degree or higher38.7%Dakota Co. 45% · MN 39.4%
Median age35.4Dakota Co. 38.6 · MN 38.8
Single-family homes88.8%Median year built: 1998
US Census Bureau, American Community Survey 2020–2024 5-year estimates; population from 2024 estimates. Home values are owner estimates; values shown with “+” are the Census reporting cap.