States › Missouri › Farmington

Is Farmington, MO expensive to live in?

OKRent takes 20 cents of every $1 people earn here.
🏠 Rent per month (2026)$97345% lower than U.S. average
💵 Families earn per year (2026)$57,947about $4,829/month · 33% lower than U.S. average
🔑 House price$196,50041% lower than U.S. average

Rent is lower than in 89% of U.S. cities. A typical house costs about 3.4 years of household income. Commutes are short, about 19.7 minutes.

How much money do I need?

To rent here comfortably, you should earn about $38,920 a year. That is $19 an hour at a full-time job.

Is rent cheaper than other Missouri cities?

Yes. Rent here is cheaper than in most of Missouri. It is number 25 of 142 cities from cheapest to most expensive.

Farmington
$973
Ferguson
$1,544
Concord
$1,344
Manchester
$1,445
Lake St. Louis
$1,909
Creve Coeur
$1,861
Spanish Lake
$916

How much do households earn in Farmington?

Under $25k
20.2%
$25k–50k
28.3%
$50k–100k
31.7%
$100k–150k
10.1%
$150k+
4.8%

Share of households by yearly income. 14.9% of households earn $100,000 or more.

Rent by apartment size in Farmington

SizeFarmingtonU.S. average
Studio$801$1,338
1 bedroom$832$1,324
2 bedrooms$977$1,509
3 bedrooms$973$1,698
4 bedrooms$1,420$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Farmington overall?

Everyday prices in Missouri overall are 9% below the U.S. average (index 90.8, U.S. = 100).

Housing
70
Goods (food, clothes…)
96
Utilities
79
Other services
95
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Farmington, so the Missouri figure is shown.

Taxes and bills in Farmington

🏛️ Property tax$1,328a year · 0.68% of home value · U.S. $3,119
⚡ Electric bill$166a month (typical) · U.S. $156

Life in Farmington

Commute to work19.7 minU.S.: 26.4 min
College degree16.3%U.S.: 35.7%
Own their home53.8%U.S.: 65.2%
Below poverty line15.9%U.S.: 12.5%
Unemployment4.1%U.S.: 5.2%

Is it cheaper to rent or buy in Farmington?

Renting is cheaper right now: about $390 a month less.

Renting
$973
Owning
$1,363

Owning assumes a typical $196,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $19,650 for the down payment.

Frequently asked questions

What is the average rent in Farmington, MO?

Renting in Farmington costs a median of about $973 a month in 2026, including utilities. The Missouri median is $1,285.

How much do I need to make to live in Farmington?

To keep rent under 30% of income, you need about $38,920 a year, or $19 an hour at a full-time job.

Is Farmington cheap or expensive?

Farmington is rated OK: rent takes 20.1% of the typical household income of $57,947. It ranks 25th cheapest of 142 Missouri cities we track.

How much are property taxes in Farmington?

The median homeowner in Farmington pays $1,328 a year in property taxes, about 0.68% of the median home value.

Is Farmington more expensive than the national average?

Overall prices in Missouri are 9% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Farmington?

The median home value in Farmington is $196,500, about 3.4 times the typical yearly household income.

18,282 people live in Farmington. Numbers are typical (middle) values.