Housing costs in Farmington?
A typical home costs
$165,500, which is 51.0% less expensive than the national average of
$338,100 and 22.0% 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 Misso Metro Area, Missouri, a minimum annual income of
$31,680 for a family, and
$22,800 for a single person is recommended.
What does A.I. say about Farmington?
The cost of living in the Farmington, MO Metro Area is substantially lower than the US average. It has been calculated that it is 75.5 compared to the US 100 average. This means that household expenses like rent and utilities are significantly lower than other parts of the country, making living in Farmington an attractive option for many. Additionally, the median house value in Farmington is $165,500 which is less than half of the US average of $338,100. This provides an even greater incentive for potential buyers or renters who are looking to get the most out of their money.