Businesses for Sale | Farmington, Minnesota
Discover business opportunities, in or around Farmington, with well-established brands, who are looking for people like you to help them grow.
As of the 2024 ACH Map Data, Farmington, located in The North Star State had a total population of 23,880 people.
City Statistics and Other Information About Farmington
Demographics
From a total population of 23,880, Farmington has a median age of 36. The average age of males, in Farmington, is 35 while the average age of females is 36. When you compare the median age of men and women in Farmington, there is an average difference of 1.03 years.
Income
The median income of individuals, in Farmington, is $49,674 while the average household income is $118,980. In 2029, the average income per capita for Farmington is expected to be $49,674.
Additional Information
55024Dakota County
Is Farmington the Best Location for Franchise Opportunities and Growth?
What is the average income in Farmington?
The median household income in Farmington is $118,980, providing insight into the financial conditions of local residents and their ability to support businesses.
Is Farmington an affordable place to start a franchise?
With a median income of $118,980, Farmington presents an opportunity for businesses that cater to cost-conscious consumers, making it a strong market for affordable and essential services.
How does Farmington's income compare to other locations?
The median income of $118,980 in Farmington is above the national median income of $80,610, influencing local consumer spending habits and franchise potential.
Does Farmington have a stable workforce to support my business?
Absolutely! With 7,360 employed individuals, Farmington offers a solid labor force to support franchise growth.
Is Farmington a growing economy?
With a workforce of 7,360 and a median household income of $118,980, Farmington provides a stable economic environment for new business opportunities.
Does homeownership in Farmington indicate a stable market?
Homeownership rates at 6,936 show a strong local investment in the community, which benefits long-term franchise success.
