Cost of Living in Farmington, MI
Population 11,472 · Michigan · Data vintage 2023
(100 = US avg)
Farmington is a smaller Michigan community of around 11000 residents, where median household incomes of $94,115 and housing costs ($273,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.
Located 13 miles northwest of Dearborn, Farmington falls within that metro's commuting orbit. Median home values run roughly 33% higher than Dearborn's $206,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Farmington
The median home value in Farmington is $273,000 — 10% below the national median of $305,000. Median rent runs $1,299/month, 1% lower than the national median of $1,314/month. The median household income of $94,115/year is 26% higher than the US median of $74,580. The local unemployment rate is 3.5%, below the national average of 4.8%. Michigan's top state income tax rate is 4.3% and the combined sales tax is 6.0%. Overall, Farmington has a cost of living index of 93 versus the US average of 100, meaning it is 7% less expensive.
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Farmington, MI?
Farmington has a cost index of 93 (100 = national average). It is 7% below the national average.
What is average rent in Farmington, MI?
The median gross rent in Farmington is $1,299 per month based on 2023 Census data.
What is the average home price in Farmington?
The median home value in Farmington is $273,000 according to Zillow and Census data.
What is the median income in Farmington?
The median household income in Farmington is $94,115 per year (2023 ACS 5-year estimates).
What is the sales tax in Farmington, MI?
The combined state and local sales tax rate in Farmington is 6.0%. The Michigan state income tax top rate is 4.3%.
Is Farmington, MI affordable?
Farmington is near the national average in terms of cost of living, with an index of 93 (100 = US average).
Farmington at a Glance
- Population
- 11,472
- Median Income
- $94,115
- Home Value
- $273,000
- Median Rent
- $1,299/mo
- Unemployment
- 3.5%
- Sales Tax
- 6.0%
Nearby Cities
Explore county-level cost of living data
Michigan Rankings
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