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Farmington, Illinois Demographics & Population 2026

Very AffordableHome value to income ratio of 1.6x is exceptionally low

During the 2020–2024 ACS period, Farmington, Illinois had a total population of 2,050, the 499th largest city in Illinois, with a median household income of $65,223, which is 22% lower than the state average. The poverty rate is 11.0%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Farmington Quick Facts

Population 2,050
Median Household Income $65,223
Median Home Value $101,300
Poverty Rate 11.0%
Unemployment Rate 9.9%
Median Age 31.9 years
Homeownership Rate 71.8%
Affordability Ratio 1.6x
Bachelor's Degree or Higher 25.9%
High School Graduation Rate 96.1%
Diversity Index 8/100
Population 2,050 499th of 1,445
Median Income $65,223 average
Poverty Rate 11.0% 11% lower than national
Median Home Value $101,300 below average

How Farmington Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population1,9902,050+3.0%
Median household income$64,313$65,223+1.4%
Median home value$99,300$101,300+2.0%

How Farmington Compares

Economy & Housing

Household Income Distribution

Under $25K 17.8%
$25K-$50K 21.7%
$50K-$100K 40.0%
$100K+ 20.5%
Detailed income brackets
Under $10K
5.3%
$10K-$15K
2.2%
$15K-$20K
3.2%
$20K-$25K
7.1%
$25K-$30K
1.7%
$30K-$35K
3.2%
$35K-$40K
1.7%
$40K-$45K
7.5%
$45K-$50K
7.6%
$50K-$60K
5.0%
$60K-$75K
20.1%
$75K-$100K
14.8%
$100K-$125K
7.6%
$125K-$150K
5.6%
$150K-$200K
4.2%
$200K+
3.1%

Employment

9.9% Unemployment Rate State: 5.8%|National: 5.2%
72.4% Labor Force Participation

Housing Overview

Owner 71.8%
Renter 28.2%
Affordability Index Very Affordable
1.6x home value to income ratio
Median gross rent $918/mo 16.9% of median household income annually

People & Demographics

Diversity Index

8out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 61 | National average: 61

Education

Farmington Rankings in Illinois

#499 Population of 1,445
#772 Median Income of 1,374
#406 Education of 1,444
#863 Home Value of 1,372

Other Cities in Peoria County

CityPopulationMedian IncomePovertyHome Value
Peoria 112,169 $59,410 21.0% $156,200
Pekin 31,781 $60,790 12.8% $120,700
Chillicothe 5,900 $66,132 3.7% $132,900
Bartonville 5,841 $72,821 7.1% $139,100
Peoria Heights 5,825 $60,099 8.2% $117,700
West Peoria 4,238 $66,098 8.4% $93,900
Elmwood 2,327 $90,285 10.1% $153,500
Bellevue 2,106 $60,987 11.6% $121,300
Rome 1,947 $88,750 6.5% $159,800
Princeville 1,837 $76,250 14.2% $168,100

Cities Similar to Farmington

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Channel Lake2,052$68,250$223,00024.8%23.2%
Cambridge2,128$64,979$123,10015.6%13.1%
Lake of the Woods2,091$61,625$193,50038.3%4.7%
Mackinaw1,979$67,292$158,30023.2%8.2%
Bellevue2,106$60,987$121,30012.0%11.6%

Population Overview

Farmington is a small community located in Illinois, within Peoria County. The total population is 2,050. It ranks as the 499th most populous out of 1,445 Census-designated places in Illinois.

Age Demographics

The median age in Farmington is 31.9 years. This is 18% lower than the state median of 39.0 years. With 30.5% of the population under 18, Farmington has a notably young demographic profile, suggesting a family-oriented community.

Economy, Income & Housing

The median household income in Farmington is $65,223. This is 22% lower than the state median of $83,390. It is also 19% lower than the national median of $80,734. The poverty rate stands at 11.0%. This is 7% lower than the state poverty rate of 11.8%. The unemployment rate is 9.9%. This is 70% higher than the state rate of 5.8%. The median home value is $101,300. Housing costs are 62% lower than the state median of $263,300. With a home-value-to-income ratio of just 1.6x, Farmington is one of the most affordable housing markets in the area. 71.8% of occupied housing units are owner-occupied. This homeownership rate is 7% higher than the state average of 67.1%.

Race & Ethnicity

Farmington has a predominantly White (non-Hispanic) population, comprising 95.7% of all residents. Hispanic or Latino residents account for 1.5%. The White (non-Hispanic) population is significantly higher than the state average (95.7% vs 58.1%). The Black or African American population (0.2%) is well below the state average of 13.3%. The Hispanic or Latino population (1.5%) is well below the state average of 18.8%. The Asian population (0.3%) is well below the state average of 5.9%.

Education

25.9% of residents aged 25 and older hold a bachelor's degree or higher. This is 31% lower than the state rate of 37.9%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 96.1%.

Data Sources & Methodology

All demographic data for Farmington, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Farmington, Illinois?

Farmington, Illinois has a population of 2,050 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Farmington, IL?

The median household income in Farmington is $65,223, which is 19% lower than the national median of $80,734.

What is the poverty rate in Farmington, IL?

The poverty rate in Farmington is 11.0%. This means approximately 224 residents live below the federal poverty line.

What is the racial makeup of Farmington, Illinois?

Farmington's population is 95.7% White, 0.2% Black, 1.5% Hispanic/Latino, and 0.3% Asian.

What is the median home value in Farmington, IL?

The median home value in Farmington is $101,300. The home-value-to-income ratio is 1.6x.

How educated is Farmington, Illinois?

25.9% of adults (25+) in Farmington hold a bachelor's degree or higher, and 8.4% hold a graduate or professional degree.