Cost of Living in Farmington, KY
Population: 205 | Kentucky
Farmington is 22% less expensive than the national average.
Cost of Living in Farmington, KY: What You Need to Know
With a cost of living index of 78, Farmington, KY is a very affordable place to live. Living here is 22% cheaper than the national average and in line with the Kentucky state average. Farmington is a small community of 205 residents.
The median household income in Farmington is $32,159, which is 57% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.
Income
- Median Household Income
- $32,159
- vs US Median ($75,149)
- -57%
Housing
- Median Home Value
- $75,700