Farmington, DE is a great place to live with plenty of local amenities. The average two bedroom rent here is $1,130 which is much lower than the US average of $1,430. This makes Farmington an attractive option for those looking to save some money on their housing costs. Additionally, the Grocery Cost Index in Farmington is 106 versus 100 in the US on average. This suggests that groceries are also more affordable than many other places in Delaware.
Farmington has several great local companies that serve the community well. These include First State Animal Center and SPCA, ASI Credit Union Inc., Parke Place Apartments LLC., and Bank of America – Financial Center. All these companies provide great services to make life easier for those living in or around Farmington. In general, Farmington’s cost of living is lower than many parts of Delaware which makes it a great option for anyone looking to save some money while still enjoying all the benefits of living in a great area.
Farmington has an unemployment rate of 7.5%. The US average is 6.0%.
Farmington has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 33.7%, which is higher than the US average of 33.5%.
Tax Rates for Farmington
- The Sales Tax Rate for Farmington is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Farmington is 6.6%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Farmington
- The average income of a Farmington resident is $19,272 a year. The US average is $37,638 a year.
- The Median household income of a Farmington resident is $0 a year. The US average is $69,021 a year.