Cost of Living in Farmington, MN
Population 23,675 · Minnesota · Data vintage 2023
(100 = US avg)
Farmington sits on the smaller end of the Minnesota city distribution. That scale shapes the housing market, the labor pool, and the services available to residents in ways the data below makes visible.
Located 20 miles south of St. Paul, Farmington falls within that metro's commuting orbit. Median home values run roughly 23% higher than St. Paul's $280,000.
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 $345,100 — 13% above the national median of $305,000. Median rent runs $1,275/month, 3% lower than the national median of $1,314/month. The median household income of $118,556/year is 59% higher than the US median of $74,580. The local unemployment rate is 3.6%, below the national average of 4.8%. Minnesota's top state income tax rate is 9.8% and the combined sales tax is 7.4%. Overall, Farmington has a cost of living index of 107 versus the US average of 100, meaning it is 7% more 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, MN?
Farmington has a cost index of 107 (100 = national average). It is 7% above the national average.
What is average rent in Farmington, MN?
The median gross rent in Farmington is $1,275 per month based on 2023 Census data.
What is the average home price in Farmington?
The median home value in Farmington is $345,100 according to Zillow and Census data.
What is the median income in Farmington?
The median household income in Farmington is $118,556 per year (2023 ACS 5-year estimates).
What is the sales tax in Farmington, MN?
The combined state and local sales tax rate in Farmington is 7.4%. The Minnesota state income tax top rate is 9.8%.
Is Farmington, MN affordable?
Farmington is near the national average in terms of cost of living, with an index of 107 (100 = US average).
Farmington at a Glance
- Population
- 23,675
- Median Income
- $118,556
- Home Value
- $345,100
- Median Rent
- $1,275/mo
- Unemployment
- 3.6%
- Sales Tax
- 7.4%
Nearby Cities
Explore county-level cost of living data
Minnesota Rankings
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