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Farmington has a population of approximately 46,696 and experiences a population change rate of 23.39%. The population density is 1,355.9 / sq mi .
The median household income for Farmington is $56,045, with 15,500 households and an average household size of 2.92.
The median value of a home in Farmington is $216,100 with an appreciation rate of 13.40%. 56.50% of housing in the state is owned while 32.09% is rented.
The cost of living in Farmington is 95.2 %.
The unemployment rate in Farmington is 3.30%, and recent job growth is at 2.34%. Future job growth is projected at 38.33%.
The sales tax rate in Farmington is 8.31%, while the income tax rate is 4.90% .
School expenditures in Farmington are $12,458, and the school ratio is 15.1:1.
The average high temperature in July is 91.2 degrees, with an average low temperature in January of 18.6 degrees. The average rainfall is approximately 9.6 inches per year, with 12.6 inches of snow per year.
