All Countries
Farmington, MN
Full City Profile · Minnesota · Dakota County County
3.7
/5.0
B+
Good
23,675
Population
1,526/sq mi density
$118,556
Median Income
$45,883 per capita
$345,100
Home Value
$394,322 Zillow
$1,275
Median Rent
34.3% income on rent
46°F
Avg Temperature
270 sunny days/yr
51
Violent Crime/100K
759 property/100K
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$118,556 median income, 2.8% unemployment
A+
Affordability
5.0 / 5.0
$345,100 home value, $1,275/mo rent
F
Safety
1.0 / 5.0
51 violent crimes/100K
A
Education
4.0 / 5.0
38.1% bachelor's degree or higher
Income Overview
Median Household Income
$118,556
58% above
US avg: $75,149
Per Capita Income
$45,883
17% above
US avg: $39,052
Unemployment Rate
2.8%
22% below
US avg: 3.6%
Poverty Rate
2.2%
82% 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
$118,556
158%
Per Capita
US: $39,052
$45,883
117%
IRS Avg AGI
US: $72,000
$96,679
134%
Avg Weekly Wage
US: $1,432
$1,400
98%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,400
2% below US avg ($1,432)
Mean Commute Time
28 min
0% below US avg (28 min)
Work From Home
18.6%
22% above US avg (15.2%)
Drive Alone
74.9%
2% above US avg (73.2%)
Public Transit
0.4%
93% below US avg (5.0%)
County GDP
$37,138M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
74.9%
Public Transit
0.4%
Work From Home
18.6%
Other
6.1%
Average commute time
28 minutes
US avg: 28 min
Business Landscape
Total Establishments
11,950
Restaurants
748
Healthcare
1,340
Retail
1,196
Manufacturing
400
Tax & Financial
IRS Avg Adjusted Gross Income
$96,679
34% above US avg ($72,000)
Avg Property Tax
$5,014
43% above US avg ($3,500)
Cost of Living Index
98.6
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $118,556 |
| Per Capita Income | $45,883 |
| IRS Avg Adjusted Gross Income | $96,679 |
| Avg Weekly Wage | $1,400 |
| County GDP | $37,138M |
Hardship Indicators
| Unemployment Rate | 2.8% |
| Poverty Rate | 2.2% |
| Gini Coefficient | 0.411 |
| Cost of Living Index | 98.6 |
Commute
| Mean Commute | 28 minutes |
| Drive Alone | 74.9% |
| Public Transit | 0.4% |
| Work From Home | 18.6% |
Businesses
| Total Establishments | 11,950 |
| Restaurants | 748 |
| Healthcare | 1,340 |
| Retail | 1,196 |
| Manufacturing | 400 |
Tax
| IRS Avg AGI | $96,679 |
| Avg Property Tax | $5,014 |