Farmington, Utah is a medium-sized city with a population of 21,983 people. If we look at the most recent Census, Farmington is known to have a predominantly White population. The next two most common races are Black and Asian. If you are a young adult or student, you might be pleased to know that the average age of all Farmington residents is 30. Farmington is known to be family friendly as more than 91% of the population has already tied the knot. It might also be worth noting that 41% of residents also have children under the age of 18.
Whether you’re relocating to a new area to be closer to family, friends or for a new job, living in Farmington could be a positive experience compared to other cities in Utah if you know where to look. With useful information like amenities, cost of living, weather, employment and other key data points, finding the best places to live in Farmington and in the areas around Farmington is a much easier task.
Using data and statistics Farmington has received a livability score of 74/100. This score is ranked in the 79th percentile when compared to all other cities. If we check out each of the categories on their own, we see that Farmington ranks well for amenities (B), crime (A), education (B) and employment (B). There are some categories that Farmington scores poorly for, including: cost of living (F) and weather (D). It might be worth taking a closer look to find out why.
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Farmington on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops.
Crime rates can be the deciding factor for anyone looking to relocate to a new area. Farmington gets top scores for their low violent crime rates of 58 crimes per 100,000 residents, which are significantly lower than the national average.
Farmington real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Farmington. The median home price for Farmington homes is $313,900, which is 39.8% higher than the Utah average. If we take a closer look at the affordability of homes in Farmington, we’ll see that the home price to income ratio is 3.3, which is 8.3% lower than the Utah average. Purchasing your new home can come with many financial benefits, some of which are more lucrative than others. Perhaps the most notable benefit could be the appreciation of your new home. Home appreciation rates are a good way to generate tax-free equity on a long term basis. The year over year appreciation rates in Farmington were 14.8%, and the 5 year appreciation rates came in at 6.6%.