Cost of Living in Farmington, MO
Population 17,999 · Missouri · Data vintage 2023
(100 = US avg)
Farmington is a smaller Missouri community of around 18000 residents, where median household incomes of $49,882 and housing costs ($188,000 for a typical home) give the local cost-of-living profile a distinctly small-town shape.
Located 60 miles south of St. Louis, Farmington is far enough out that local conditions diverge meaningfully from the big-metro baseline. Housing prices track closely with St. Louis' $185,000 median.
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 $187,500 — 39% below the national median of $305,000. Median rent runs $856/month, 35% lower than the national median of $1,314/month. The median household income of $49,882/year is 33% lower than the US median of $74,580. The local unemployment rate is 4.1%, below the national average of 4.8%. Missouri's top state income tax rate is 5.0% and the combined sales tax is 8.4%. Overall, Farmington has a cost of living index of 63 versus the US average of 100, meaning it is 37% 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
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Farmington, MO?
Farmington has a cost index of 63 (100 = national average). It is 37% below the national average.
What is average rent in Farmington, MO?
The median gross rent in Farmington is $856 per month based on 2023 Census data.
What is the average home price in Farmington?
The median home value in Farmington is $187,500 according to Zillow and Census data.
What is the median income in Farmington?
The median household income in Farmington is $49,882 per year (2023 ACS 5-year estimates).
What is the sales tax in Farmington, MO?
The combined state and local sales tax rate in Farmington is 8.4%. The Missouri state income tax top rate is 5.0%.
Is Farmington, MO affordable?
Yes, Farmington is generally considered affordable, with a cost of living index of 63 — about 37% below the US national average of 100.
Farmington at a Glance
- Population
- 17,999
- Median Income
- $49,882
- Home Value
- $187,500
- Median Rent
- $856/mo
- Unemployment
- 4.1%
- Sales Tax
- 8.4%
Nearby Cities
Explore county-level cost of living data
Missouri Rankings
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