Farmington, MN Cost Of Living

Demographics | Crime | Cost Of Living
Updated: 2022-04-07
105
Farmington's Overall Cost Of Living
1.1x
Higher Than The National Average
77 out of 147
In Minnesota
3,676 out of 6,412
In America
The cost of living index is set to 100 for the average place in America. An index above 100 means Farmington is expensive, while a number below 100 means it's a relatively cheap place to live.

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 105 which is 1.1x higher than the national index of 100.

Compared to only Minnesota, Farmington has a cost of living index that's 1.0x higher than Minnesota's index of 104.

The standard of living in Farmington ranks as #3,677 most affordable out of the 6,418 places we measured in Minnesota. By definition, that implies Farmington ranks as the #2,741 most expensive place in the North Star State.

For more reading on life in Farmington, check out:

Farmington Cost Of Living Vs. Minnesota

Living Expense Farmington Minnesota National Average
Overall 105 104 100
Services 112 106 100
Groceries 103 102 100
Health 104 113 100
Housing 109 101 100
Transportation 104 102 100
Utilities 95 98 100
For more reading on cost of living around Minnesota, check out:
Farmington Cost of Living Vs. MN

Farmington, MN Housing Cost Breakdown

Housing swings affordability the most between places in Minnesota, so we broke down the statistics around housing costs into more detail. It's also important to consider median household incomes to make apples-to-apples comparisons across locations.

Home and income come data comes from the most recent US Census ACS 2014-2018.

$269,500
Median Home Value
$1,280
Median Rent
$95,326
Median Income
Statistic Farmington Minnesota United States
Median Home Value $269,500 $235,700 $229,800
Median Rent $1,280 $1,010 $1,096
Median Income $95,326 $73,382 $64,994
Home Value To Income 2.8x 3.2x 3.5x
Rent To Monthly Income 0.16x 0.17x 0.2x

Detailed Farmington Services Costs Vs. Minnesota

Item Farmington Minnesota
Shampoo $1.11 $1.06
Movie $10.55 $10.68
Bowling $25.79 $14.67

Detailed Farmington Groceries Costs Vs. Minnesota

Item Farmington Minnesota
Ground Beef $4.45 $4.22
Fried Chicken $2.2 $1.39
Milk $2.59 $2.05

Detailed Farmington Health Costs Vs. Minnesota

Item Farmington Minnesota
Haircut $25.21 $18.62
Beauty Salon $35.12 $39.05
Toothpaste $3.37 $2.34

Detailed Farmington Transportation Costs Vs. Minnesota

Item Farmington Minnesota
Potatoes $3.33 $3.29
Pizza $12.95 $10.62
Beer $9.01 $9.38
Optometrist $90.27 $108.57
Doctor $148.38 $116.17
Dentist $86.91 $99.13

Detailed Farmington Utilities Costs Vs. Minnesota

Item Farmington Minnesota
Gasoline $2.06 $2.22
Tire Balancing $59.83 $50.07
All Electricity $156.09 $167.67
Phone $182.1 $175.64

Farmington SnackAbility

6
/10
Overall SnackAbility
Jobs
9/10
Housing
8.5
Affordability
8
Diversity
7
Safety
8.5
Amenities
8.5
Education
8.5
Commute
5

Cost Of Living In Cities Around Farmington

City Population Cost Of Living Vs. Farmington
Eagan, MN 66,377 112 1.1x
Lakeville, MN 65,710 116 1.1x
Eden Prairie, MN 64,481 121 1.2x
Burnsville, MN 61,536 110 1.0x
Apple Valley, MN 53,728 112 1.1x
Edina, MN 52,215 135 1.3x
Cottage Grove, MN 37,120 111 1.1x
Richfield, MN 36,253 104 1.0x
Savage, MN 31,758 113 1.1x
Prior Lake, MN 26,775 115 1.1x

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