Housing costs in Farmington?
A typical home costs
$207,500, which is 38.6% less expensive than the national average of
$338,100 and 2.3% less expensive than the average Missouri home, at
$212,300. Renting a two-bedroom unit in Farmington costs
$750 per month, which is 47.6% cheaper than the national average of
$1,430 and 26.7% cheaper than the state average of
$950.
Can I afford Farmington?
To live comfortably in Farmington, Missouri, a minimum annual income of
$39,600 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Farmington?
Farmington, MO is a great place to live due to its low cost of living. While the cost of living index is slightly above the national average, the overall cost of living in Farmington is still relatively low compared to other areas. Housing prices are quite reasonable and public transportation is excellent if one wants to avoid the costs associated with owning a car. Food, goods, and services can all be found at competitive prices as well. All in all, Farmington offers a great quality of life for those who wish to live here without breaking the bank.