Living in Farmington, North Carolina
Cost of living, income, home prices, rent and demographics of Farmington · Census data 2020–2024
Farmington has 409 residents with a median age of 35.6. The median household income is $53,462 (26% lower than the North Carolina median), the median home value is $205,700.
Farmington is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Farmington at a glance
- Population
- 409
- Median age
- 35.6State: 39.1
- Median household income
- $53,462State: $72,388
- Median home value
- $205,700State: $288,900
- Homeowners
- 80%
- Bachelor's degree or higher
- 0%
Is Farmington a good place to live?
Pros: Home values 29% lower than the state median; a poverty rate of 12.7%.
Cons: Median household income 26% lower than the North Carolina median; unemployment of 15.9%.
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 $205,700, 38% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,145 a month in housing costs.
Farmington median household income
The median household income in Farmington is $53,462 and the income per person is $24,696. 12.7% of residents live below the poverty line (North Carolina: 13%).
Housing in Farmington: homes for sale and rent
- Housing units
- 150
- Owner-occupied
- 80%
- Renter-occupied
- 20%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1966
- Average household size
- 2.73
Farmington demographics
- Population
- 409
- Median age
- 35.6
- Under 18
- 20.3%
- 65 and older
- 21.3%
- Households
- 150
- Foreign-born
- 0%
- Veterans
- 5.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Farmington ›
Education in Farmington
0% of adults 25 and older in Farmington have a bachelor's degree or higher (North Carolina: 35.7%), and 0% have a graduate or professional degree.
Jobs and commute in Farmington
- Unemployment rate
- 15.9%State: 4.7%
- Average commute
- —State: 25 min
- Work from home
- 0%
- Drive alone
- 100%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 91.3%
Farmington vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Farmington | 409 | $53,462 | $205,700 | — |
| Bermuda Run | 3,211 | $69,301 | $347,600 | $1,142 |
| Mocksville | 6,068 | $55,367 | $240,700 | $892 |
| Clemmons | 21,871 | $87,655 | $335,800 | $1,269 |
| Advance | 1,408 | $115,391 | $434,400 | $819 |
| Lewisville | 13,828 | $100,917 | $325,400 | $1,095 |
| Yadkinville | 3,004 | $53,125 | $183,800 | $745 |
| Yadkin College | 400 | $110,219 | $253,300 | — |
| Cooleemee | 988 | $46,750 | $144,600 | $968 |
More for people moving to Farmington
Farmington ZIP code ›Weather and climate ›Living in Farmington: FAQ
What is the median household income in Farmington, NC?
The median household income in Farmington is $53,462, 26% lower than the North Carolina median of $72,388 (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 $205,700, compared with $288,900 in North Carolina.
Is Farmington, NC a good place to live?
Pluses: home values 29% lower than the state median; a poverty rate of 12.7%. Minuses: median household income 26% lower than the North Carolina median; unemployment of 15.9%.
What is the median age in Farmington?
The median age in Farmington is 35.6 years (North Carolina: 39.1).
What is the unemployment rate in Farmington?
The unemployment rate in Farmington is 15.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Farmington?
0% 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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