Living in Farmington, Kentucky
Cost of living, income, home prices, rent and demographics of Farmington · Census data 2020–2024
Farmington has 245 residents with a median age of 24.9. The median household income is $33,636 (47% lower than the Kentucky median), the median home value is $86,800, the median rent is $734/month.
Farmington is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Farmington at a glance
- Population
- 245
- Median age
- 24.9State: 39.1
- Median household income
- $33,636State: $63,726
- Median home value
- $86,800State: $205,600
- Median rent
- $734/moState: $967
- Homeowners
- 63.5%
- Bachelor's degree or higher
- 5.7%
- Average commute
- 19 min
Is Farmington a good place to live?
Pros: Home values 58% lower than the state median; an average commute of 19 minutes.
Cons: Median household income 47% lower than the Kentucky median; a poverty rate of 60.8%.
The weather is best in April–May and September–October.
Cost of living in Farmington
Housing is the biggest part of the cost of living. In Farmington the median home value is $86,800, 74% lower than the U.S. median. Renters pay a median of $734 per month, which is 32.1% of household income. Homeowners with a mortgage pay $1,198 a month in housing costs.
Farmington median household income
The median household income in Farmington is $33,636 and the income per person is $12,488. 60.8% of residents live below the poverty line (Kentucky: 16.1%).
Housing in Farmington: homes for sale and rent
- Housing units
- 74
- Owner-occupied
- 63.5%
- Renter-occupied
- 36.5%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1959
- Average household size
- 3.31
Farmington demographics
- Population
- 245
- Median age
- 24.9
- Under 18
- 43.7%
- 65 and older
- 17.1%
- Households
- 74
- Foreign-born
- 0%
- Veterans
- 18.1%Adults 18+
Hispanic or Latino can be of any race. Population history of Farmington ›
Education in Farmington
5.7% of adults 25 and older in Farmington have a bachelor's degree or higher (Kentucky: 27.6%), and 5.7% have a graduate or professional degree.
Jobs and commute in Farmington
- Unemployment rate
- 0%State: 4.9%
- Average commute
- 19 minState: 24 min
- Work from home
- 0%
- Drive alone
- 100%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 100%
Farmington vs nearby towns
More for people moving to Farmington
Farmington ZIP code ›Weather and climate ›Living in Farmington: FAQ
What is the median household income in Farmington, KY?
The median household income in Farmington is $33,636, 47% lower than the Kentucky median of $63,726 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Farmington?
The median home value in Farmington is $86,800, compared with $205,600 in Kentucky.
How much is rent in Farmington?
The median gross rent in Farmington is $734 per month, about 32.1% of household income.
Is Farmington, KY a good place to live?
Pluses: home values 58% lower than the state median; an average commute of 19 minutes. Minuses: median household income 47% lower than the Kentucky median; a poverty rate of 60.8%.
What is the median age in Farmington?
The median age in Farmington is 24.9 years (Kentucky: 39.1).
How long is the commute in Farmington?
The average commute to work in Farmington is 19 minutes; 0% of workers work from home.
What is the unemployment rate in Farmington?
The unemployment rate in Farmington is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Farmington?
5.7% of adults in Farmington have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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