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CITY

Farmington

North Carolina · 409 residents · 1.624 sq mi
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The short version

Farmington has notably lower household income than the US average, with a median household income of $53,462. The city has more than doubled in size since 2023, adding 235 residents. 0% of adults hold a bachelor's degree or higher, below the national rate of 36%. Median home value is $205,700. Households here earn about 26% less than the North Carolina median.

At a glance
Lower income
below the US median
US median: $82,259
Younger
median age 35.6
US median: 38.9
Less educated
0% hold a bachelor's degree
US average: 36%
Stable housing
home values roughly flat, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
409
+135%since 2023
from 174 in 2023
2020 – 2024
Population density
252 / sq mi
+135%since 2023
from 107 / sq mi in 2023
US average: 281
Median age
35.6
−23%since 2023
from 46.5 in 2023
US average: 38.9
Population, 2020 – 2024
15122129236243320202024Farmington
2024409
20202024
Section 02

Income & economy

Median household income
$53,462
+81%inflation adjusted, since 2023
from $28,750 in 2023
US average: $82,259
2020 – 2024
Per capita income
$24,696
+55%since 2023
from $15,910 in 2023
US average: $44,673
Households earning $100K+
36.7%
+36.7 ptssince 2023
from 0.0% in 2023
US average: 53.3%
Poverty rate
12.7%
−10.8 ptssince 2023
from 23.6% in 2023
US average: 12.5%
Income inequality (Gini)
0.386
+38%since 2023
from 0.279 in 2023
US average: 0.476
Workforce by industry, 2024
Retail trade21.4%
US avg: 9.9%
Wholesale trade15.1%
US avg: 6.9%
Finance & insurance11.9%
US avg: 5.9%
Professional, scientific, technical11.9%
US avg: 5.1%
Information8.2%
US avg: 10.8%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Transportation & warehousing0%
US avg: 2.2%
Education & health services0%
US avg: 0.9%
Arts, entertainment, food0%
US avg: 1.9%
Other services0%
US avg: 6.7%
Public administration0%
US avg: 4.8%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$205,700
+18%inflation adjusted, since 2023
from $169,000 in 2023
US average: $376,019
2020 – 2024
Owner-occupied
80.0%
+4.4 ptssince 2023
from 75.6% in 2023
20.0% rent
Vacancy rate
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 10.0%
Owner cost-burdened
43.3%
−32.5 ptssince 2023
from 75.8% in 2023
US average: 22.9%
Renter cost-burdened
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 47.4%
Afford Score
3.8
−35%since 2023
from 5.9 in 2023
2020 – 2024
RELATED:See current rent listings in Farmington on RentDataNow
Section 04

Race & ethnicity

2023
White, non-Hispanic100%(174)
Black0%(0)
Hispanic / Latino0%(0)
Asian0%(0)
Other0%(0)
Diversity Score0%(0)
2024
White, non-Hispanic100%(409)
Black0%(0)
Hispanic / Latino0%(0)
Asian0%(0)
Other0%(0)
Diversity Score0%(0)
Diversity Score
0
from 0 in 2023
2020 – 2024
Section 05

Education

Bachelor's degree or higher
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 35.6%
High school or higher
75.7%
+14.4 ptssince 2023
from 61.3% in 2023
US average: 89.6%
Graduate degree
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 14.0%
Section 06

Commute & transportation

Drive alone to work
100.0%
Unchangedsince 2023
from 100.0% in 2023
US average: 68.9%
Carpooled to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 8.5%
Public transit
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 3.2%
Worked from home
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 15.0%
Walked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 0.4%
No vehicle available
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 8.3%
Section 07

Work & employment

Unemployment rate
15.9%
−13.1 ptssince 2023
from 29.0% in 2023
US average: 5.2%
Labor force participation
54.8%
+9.7 ptssince 2023
from 45.1% in 2023
US average: 63.5%
Self-employed
7.5%
−21.0 ptssince 2023
from 28.6% in 2023
US average: 13.1%
Management & professional
34.0%
+5.4 ptssince 2023
from 28.6% in 2023
US average: 42.5%
Section 08

People & community

Male
58.4%
−8.8 ptssince 2023
from 67.2% in 2023
Female
41.6%
+8.8 ptssince 2023
from 32.8% in 2023
Foreign born
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 14.1%
Veterans
5.8%
+5.8 ptssince 2023
from 0.0% in 2023
US average: 6.2%
With a disability
6.1%
−9.4 ptssince 2023
from 15.5% in 2023
US average: 13.3%
Uninsured
5.9%
+5.9 ptssince 2023
from 0.0% in 2023
US average: 8.4%
Broadband at home
91.3%
+9.6 ptssince 2023
from 81.7% in 2023
US average: 91.0%
English only at home
100.0%
Unchangedsince 2023
from 100.0% in 2023
US average: 77.7%
Spanish at home
0.0%
Unchangedsince 2023
from 0.0% in 2023
US average: 13.6%
Drill deeper

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Head to head

Compare Farmington to nearby cities

FARMINGTON VS
Clemmons
Income$87,655+64%
Home value$335,800+63%
Population22,808+5477%
SEE FULL COMPARISON →
FARMINGTON VS
Lewisville
Income$100,917+89%
Home value$325,400+58%
Population14,421+3426%
SEE FULL COMPARISON →
FARMINGTON VS
Winston-Salem
Income$59,268+11%
Home value$233,800+14%
Population257,271+62802%
SEE FULL COMPARISON →
FARMINGTON VS
Lexington
Income$43,128−19%
Home value$179,900−13%
Population20,238+4848%
SEE FULL COMPARISON →
Frequently asked

How many people live in Farmington, North Carolina?

Farmington, North Carolina has about 409 residents according to the 2024 American Community Survey.

What is the median household income in Farmington, North Carolina?

The typical household in Farmington, North Carolina earns about $53,462 a year. Half of households make more than that, and half make less.

Is Farmington, North Carolina expensive?

In Farmington, North Carolina, the median home is worth about $205,700.

How educated are people in Farmington, North Carolina?

About 0.0% of adults age 25 and over in Farmington, North Carolina hold a bachelor's degree or higher.

What is the poverty rate in Farmington, North Carolina?

About 12.7% of people in Farmington, North Carolina live below the federal poverty line.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

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