Farmington, IA
540Residents
$53,333Median household income
$713/moMedian gross rent
$81,400Median home value
49.0Median age
10%Adults with a bachelor’s degree or higher
80%Homes lived in by their owners
1.5×Home value to household income
Median rent takes about 16% of the median household income in Farmington.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $29,000 a year. In Iowa that leaves roughly $2,032 a month after tax. See the full paycheck breakdown for $30,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.