What is the cost of living in Farmington, MN?
According to the most recent data on the cost of living, Farmington has an overall cost of living index of 112, which is 1.1x higher than the national index of 100.
Compared to Minnesota, Farmington has a cost of living index that's 1.1x higher than Minnesota's index of 101.
The standard of living in Farmington ranks as #96 most affordable out of the 151 places we measured in Minnesota. By definition, that implies Farmington ranks as the #55 most expensive place in the North Star State.
For more reading on life in Farmington, check out:
Farmington Cost Of Living Vs. Minnesota
Six factors go into calculating the cost of living index in Farmington. Here is how it fares on each of the criteria:
The Services index in Farmington is 102.
The Groceries index in Farmington is 97.
The Health index in Farmington is 144.
The Housing index in Farmington is 98.
The Transportation index in Farmington is 103.
The Utilities index in Farmington is 96.
| Living Expense | Farmington | Minnesota | National Average |
|---|---|---|---|
| Overall | 112 | 101 | 100 |
| Services | 102 | 101 | 100 |
| Groceries | 97 | 99 | 100 |
| Health | 144 | 99 | 100 |
| Housing | 98 | 101 | 100 |
| Transportation | 103 | 103 | 100 |
| Utilities | 96 | 101 | 100 |
Farmington Cost Of Living Compared To Minnesota Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Minnesota, check out:
Protect your home budget Compare home warranties in Farmington Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Farmington, MN Housing Cost Breakdown
Housing swings affordability the most between places in Minnesota, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Farmington is $400,170.
The Median Rent in Farmington is $1,241.
The Median Income in Farmington is $123,673.
The Home Value To Income in Farmington is 3.2x.
The Rent To Monthly Income in Farmington is 0.12x.
| Statistic | Farmington | Minnesota | United States |
|---|---|---|---|
| Median Home Value | $400,170 | $346,667 | $332,700 |
| Median Rent | $1,241 | $1,280 | $1,413 |
| Median Income | $123,673 | $89,062 | $80,734 |
| Home Value To Income | 3.2x | 3.9x | 4.1x |
| Rent To Monthly Income | 0.12x | 0.17x | 0.21x |
Farmington, MN Costs By Category
Detailed Farmington Services costs vs. Minnesota
| Item | Farmington | Minnesota |
|---|---|---|
| Shampoo | $1.3 | $1.28 |
| Movie | $13.47 | $12.13 |
| Bowling | $21.5 | $18 |
| Haircut | $28.67 | $24.26 |
| Beauty Salon | $34.55 | $45.56 |
Detailed Farmington Groceries costs vs. Minnesota
| Item | Farmington | Minnesota |
|---|---|---|
| Ground Beef | $5.49 | $5.84 |
| Fried Chicken | $1.35 | $1.57 |
| Milk | $4.63 | $4.67 |
| Potatoes | $4.98 | $4.93 |
| Pizza | $12.49 | $12.09 |
| Beer | $9.36 | $10.41 |
| Toothpaste | $3.75 | $3.7 |
Detailed Farmington Health costs vs. Minnesota
| Item | Farmington | Minnesota |
|---|---|---|
| Optometrist | $145.44 | $125.68 |
| Doctor | $229.08 | $135.78 |
| Dentist | $108.67 | $113.29 |
Detailed Farmington Transportation costs vs. Minnesota
| Item | Farmington | Minnesota |
|---|---|---|
| Gasoline | $3.38 | $3.46 |
| Tire Balancing | $61.74 | $59.92 |
Detailed Farmington Utilities costs vs. Minnesota
| Item | Farmington | Minnesota |
|---|---|---|
| All Electricity | $175.38 | $193.99 |
| Phone | $187.39 | $192.25 |
Farmington SnackAbility
Cost Of Living In Cities Around Farmington
The cost of living varies in the cities and towns around Farmington. Here's a quick look at the cost of living in the most populous nearby places:
Lakeville, MN has a cost of living index of 122, 1.1x Farmington.
Eagan, MN has a cost of living index of 117, 1.0x Farmington.
Burnsville, MN has a cost of living index of 114, 1.0x Farmington.
| City | Population | Cost Of Living | Vs. Farmington |
|---|---|---|---|
| Lakeville, MN | 74,354 | 122 | 1.1x |
| Eagan, MN | 68,000 | 117 | 1.0x |
| Burnsville, MN | 64,463 | 114 | 1.0x |
| Eden Prairie, MN | 63,051 | 128 | 1.1x |
| Apple Valley, MN | 55,679 | 114 | 1.0x |
| Edina, MN | 53,262 | 141 | 1.3x |
| Cottage Grove, MN | 40,992 | 115 | 1.0x |
| Richfield, MN | 36,642 | 106 | 0.9x |
| Savage, MN | 32,889 | 121 | 1.1x |
| Prior Lake, MN | 28,016 | 120 | 1.1x |
