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Farmington, MI&

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Population
10,526
0.16% growth
Median Age
38.6
Median Household Income
$64,388
3.42% growth
Poverty Rate
6.94%
Number of Employees
5,641
5.05% growth
Median Property Value
$165,800
4.74% growth

About the photo: Ariel view of downtown Detroit

Economy

The economy of Farmington, MI employs 5,641 people. The economy of Farmington, MI is specialized in Professional, Scientific, Tech Services; Manufacturing; and Finance & Insurance, which employ respectively 2.3; 1.75; and 1.45 times more people than what would be expected in a location of this size. The largest industries in Farmington, MI are Manufacturing (954), Healthcare & Social Assistance (946), and Professional, Scientific, Tech Services (924), and the highest paying industries are Professional, Scientific, Tech Services ($64,028), Finance & Insurance ($59,358), and Admin., Support, Waste Management Services ($54,833).

Median household income in Farmington, MI is $64,388. Males in Farmington, MI have an average income that is 1.38 times higher than the average income of females, which is $53,888. The income inequality of Farmington, MI (measured using the Gini index) is 0.455 which is lower than the national average.

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Health & Safety

Insurance and Medicare coverage combined with state and county level health and safety statistics for Farmington, MI. In Oakland County, MI the age groups most likely to have health care coverage are 6-17 and 45-54, men and women, respectively. The location has a 1 to 146 primary care clinician to patient ratio and a Medicare reimbursement average per patient per year of $11,286. Wayne County, MI has the highest prevalence of homicides of any county in Michigan.

Coverage

Clinician to Patient Rates

The closest comparable data for the census place of Farmington, MI is from the county of Oakland County, MI.

Insurance Coverage by Age and Gender

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Diversity

Farmington, MI is home to a population of 10,526 people, from which 87.2% are citizens. The ethnic composition of the population of Farmington, MI is composed of 7,022 White residents (66.7%), 1,679 Asian residents (16%), 1,301 Black residents (12.4%), 244 Two+ residents (2.32%), and 185 Hispanic residents (1.76%). The most common foreign languages in Farmington, MI are Other Asian (851 speakers), Hindi (185 speakers), and Other Indic (113 speakers), but compared to other places, Farmington, MI has a relative high number of Other Asian (851 speakers), Hindi (185 speakers), and Other (37 speakers).

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Education

In 2015 universities in Farmington & Southfield Area PUMA, MI awarded 2,827 degrees. The student population of Farmington & Southfield Area PUMA, MI is skewed towards females, with 1,375 male students and 1,452 female students. Most students in Farmington & Southfield Area PUMA, MI are White (1,167 and 41.3%), followed by Black or African American (1,136 and 40.2%), Unknown (200 and 7.07%), and Hispanic or Latino (51 and 1.8%). The largest universities in Farmington & Southfield Area PUMA, MI by number of graduates are Lawrence Technological University (663 and 23.5%), Specs Howard School of Media Arts (573 and 20.3%), and Everest Institute-Southfield (499 and 17.7%). The most popular majors in Farmington & Southfield Area PUMA, MI are Radio & Television (287 and 10.2%), Digital Communication & Multimedia (176 and 6.23%), and Licensed Practical & Vocational Nurse Training (147 and 5.2%). The median tuition costs in Farmington & Southfield Area PUMA, MI are N/A for private four year colleges, and $30,420 and $30,420 respectively, for public four year colleges for in-state students and out-of-state students.

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Housing & Living

The median property value in Farmington, MI is $165,800, which is 0.81 times smaller than the national average of $205,000. Between 2015 and 2016 the median property value increased from $158,300 to $165,800, a 4.74% increase. The homeownership rate of Farmington, MI is 58.3%, which is lower than the national average of 63.6%. People in Farmington, MI have an average commute time of 23 minutes, and they commute by Drove Alone. Car ownership in Farmington, MI is approximately the same as the national average, with an average of 2 cars per household.

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United States
nation
Michigan
state
Oakland County, MI
county
Detroit-Warren-Dearborn, MI Metro Area
metropolitan statistical area
Farmington & Southfield Area PUMA, MI
public use microdata area
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