Economy & Jobs — Farmington, Minnesota
Income & Employment
| Median Household Income (Census) | $123,673 |
|---|
| Estimated 2026 | ~$135,100 |
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| Per Capita Income | $45,883 |
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| Poverty Rate | 5.1% |
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| Unemployment Rate | 3.4% |
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| In Labor Force | 13,385 |
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Top Industries
| Industry | Share |
|---|
| Education Healthcare | 19.7% |
| Finance Insurance | 12.4% |
| Manufacturing | 12.2% |
Local Businesses (County)
| Type | Count |
|---|
| Fast Food | 303 |
| Real Estate Offices | 291 |
| Insurance Agencies | 257 |
| Full Service Restaurants | 245 |
| Dental Offices | 172 |
| Law Offices | 134 |
| Child Day Care | 129 |
| Beauty Salons | 120 |
| Chiropractors | 117 |
| Auto Repair | 106 |
| Gas Stations | 104 |
| Physician Offices | 95 |
| Commercial Banks | 92 |
| Fitness Centers | 69 |
| Grocery Stores | 60 |
Sources: Census ACS 5-Year 2023; BLS QCEW 2023; Census ACS 5-Year 2023, B19013.
