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Demographics
Population
Median Income
Racial Distributions
Farmington, Minnesota, is classified as a Low Diversity community with a predominantly white population of 86% in 2022. The city's population has grown steadily over the past decade, reaching 25,579 residents in 2022. Farmington is economically affluent, with a median household income of $105,418 in 2022, which is above the national average.
Over the past decade, Farmington has maintained its status as a Low Diversity community, with the white population consistently representing over 75% of residents. There are indications of a gradual shift towards becoming a Transitional Community. The white population has decreased from 89% in 2013 to 86% in 2022. The Hispanic population has shown the most significant growth, from 2% in 2013 to 5% in 2022. The Black population has increased from 1% to 3% over the same period. The Asian and Two or More Races categories have remained relatively stable at 2% and 3%, respectively.
Farmington has experienced substantial economic growth alongside its demographic changes. The median household income has risen from $90,690 in 2013 to $105,418 in 2022, an increase of about 16%. The population has grown by approximately 9% during this period, from 23,445 to 25,579. The increasing median income suggests that the city has been attracting affluent residents, possibly including more diverse, well-educated professionals.
Farmington's trends align with broader national patterns of increasing diversity in suburban areas. The rate of diversification appears slower than in many rapidly changing suburbs across the United States. The high median income and steady population growth suggest that Farmington remains an attractive destination for residents, potentially including those from diverse backgrounds seeking economic opportunities and quality of life.
Based on the observed trends, Farmington is likely to continue its gradual transition towards greater diversity over the coming years. It may remain categorized as Low Diversity in the near term, but there is a possibility of it evolving into a Moderate Diversity community within the next decade if current trends persist. The Hispanic population is expected to continue growing, potentially reaching 7-8% within 5-10 years. The Black and Asian populations may see modest increases, possibly reaching 4-5% each. The Two or More Races category is likely to grow, reflecting increasing interracial families and relationships.
Economically, the median income is likely to continue rising, potentially surpassing $120,000 within the next 5 years, assuming economic conditions remain favorable. This economic prosperity could further attract diverse, highly-skilled professionals to the area. Farmington remains a predominantly white, affluent suburb, but it shows signs of evolving into a more diverse community. This gradual transformation, coupled with strong economic indicators, suggests a future where Farmington may become known for both its prosperity and increasing cultural diversity.