Farmington, MN 55024 has a population of approximately 34,341 and experiences a population change rate of 62.56%. The population density is 385.9 / sq mi .
Farmington, MN 55024 has a population of approximately 34,341 and experiences a population change rate of 62.56%. The population density is 385.9 / sq mi .
The median household income for Farmington, MN 55024 is $107,338, with 12,212 households and an average household size of 2.98.
The median value of a home in Farmington, MN 55024 is $367,000 with an appreciation rate of 12.20%. 87.24% of housing in the state is owned while 11.21% is rented.
The cost of living in Farmington, MN 55024 is 119.3 %.
The unemployment rate in Farmington, MN 55024 is 2.50%, and recent job growth is at 0.54%. Future job growth is projected at 32.11%.
The sales tax rate in Farmington, MN 55024 is 7.12%, while the income tax rate is 6.80% .
School expenditures in Farmington, MN 55024 are $16,289, and the school ratio is 15.8:1.
The average high temperature in July is 82.4 degrees, with an average low temperature in January of 6.1 degrees. The average rainfall is approximately 32.4 inches per year, with 44.9 inches of snow per year.