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Farmington, IA

Full City Profile · Iowa · Lee County County

3.0 /5.0
B Good
531 Population 1,154/sq mi density
$54,643 Median Income $32,034 per capita
$63,600 Home Value $126,569 Zillow
$692 Median Rent 29.8% income on rent
52°F Avg Temperature 275 sunny days/yr
127 Violent Crime/100K 2,921 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$54,643 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$63,600 home value, $692/mo rent
F
Safety
1.0 / 5.0
127 violent crimes/100K
D
Education
1.8 / 5.0
10.6% bachelor's degree or higher

Income Overview

Median Household Income
$54,643
27% below
US avg: $75,149
Per Capita Income
$32,034
18% below
US avg: $39,052
Unemployment Rate
0.0%
100% below
US avg: 3.6%
Poverty Rate
5.5%
56% below
US avg: 12.4%

Income Comparison: Farmington vs. U.S. Average

Each bar shows Farmington’s value as a percentage of the national average (100% line = U.S. avg)

Median Household
US: $75,149
$54,643
73%
Per Capita
US: $39,052
$32,034
82%
IRS Avg AGI
US: $72,000
$68,118
95%
Avg Weekly Wage
US: $1,432
$1,103
77%
Thin line = U.S. average (100%)

Employment & Commute

Avg Weekly Wage
$1,103
23% below US avg ($1,432)
Mean Commute Time
25 min
9% below US avg (28 min)
Work From Home
6.3%
59% below US avg (15.2%)
Drive Alone
69.5%
5% below US avg (73.2%)
Public Transit
1.3%
75% below US avg (5.0%)
County GDP
$2,264M
County-level GDP (BEA 2024)

How Residents Get to Work

Drive Alone 69.5%
Public Transit 1.3%
Work From Home 6.3%
Other 22.9%
Average commute time
25 minutes
US avg: 28 min

Business Landscape

Total Establishments
1,061
Restaurants
83
Healthcare
88
Retail
108
Manufacturing
50

Tax & Financial

IRS Avg Adjusted Gross Income
$68,118
5% below US avg ($72,000)
Avg Property Tax
$4,062
16% above US avg ($3,500)
Cost of Living Index
87.8
Below national average (100 = US avg)

Complete Economy Data

Income & Wages

Median Household Income$54,643
Per Capita Income$32,034
IRS Avg Adjusted Gross Income$68,118
Avg Weekly Wage$1,103
County GDP$2,264M

Hardship Indicators

Unemployment Rate0.0%
Poverty Rate5.5%
Gini Coefficient0.448
Cost of Living Index87.8

Commute

Mean Commute25 minutes
Drive Alone69.5%
Public Transit1.3%
Work From Home6.3%

Businesses

Total Establishments1,061
Restaurants83
Healthcare88
Retail108
Manufacturing50

Tax

IRS Avg AGI$68,118
Avg Property Tax$4,062