Town of Farmington — Financial Data

14,170 Population FY 2024

$585 Town-Wide Per Capita Spending All residents incl. villages FY 2024

9.3% Debt Service FY 2024

3.3 Fiscal Stress FY 2024

0.0 Env. Stress FY 2024

No incorporated villages in this town.

Stress Trajectory

Community Profile

Census Bureau ACS 5-year estimates

8.4% Poverty Rate 2023

39.5% Bachelor's+ Rate 2023

5.2% Unemployment Rate 2023

73.0% Homeownership Rate 2023

Median Household Income

$91,694 (2023)

2010 2023

Per Capita Income

$40,223 (2023)

2010 2023

Median Home Value

$223,500 (2023)

2010 2023

Median Gross Rent

$1,511 (2023)

2010 2023

Median Age

38.5 (2023)

2010 2023

Gini Index

0 = perfect equality · 1 = perfect inequality

0.4 (2023)

2010 2023

Financial Trends

Total spending across all funds, including services for the entire town and services exclusive to areas outside villages · 1995–2024

Fiscal Health

Debt Outstanding

$3,969,822 (2024)

2011 2024

Full Value of Taxable Property

$1,469,501,001 (2024)

2011 2024

Debt Service

$2,398,809 (2024)

1995 2024

Debt Service %

9.3% (2024)

1995 2024

Town-Wide Per Capita Spending

$585 (2024)

2010 2024

Fiscal Stress Score (OSC)

0 = healthy · 100 = significant stress

3.3 (2024)

2012 2024

Environmental Stress Score (OSC)

0 = no stress · 100 = significant stress

0.0 (2024)

2012 2024

Top Revenue Sources

Sales And Use Tax

$10,020,471 (2024)

1995 2024

Charges For Services

$5,443,691 (2024)

1995 2024

Other Local Revenues

$4,096,190 (2024)

1995 2024

Real Property Taxes And Assessments

$3,127,636 (2024)

1995 2024

State Aid

$1,877,213 (2024)

1995 2024

Top Expenditures

Transportation

$6,805,859 (2024)

1995 2024

General Government

$3,986,435 (2024)

1995 2024

Public Safety

$3,170,041 (2024)

1995 2024

Sanitation

$3,104,071 (2024)

1995 2024

Employee Benefits

$2,707,162 (2024)

1995 2024

Financial Documents (84)

Year	Title	Type
2024	Town of Farmington OSC Annual Financial Report 2024	OSC_TOWN_CSV_AFR
2024	Town of Farmington OSC Annual Financial Report 2024	OSC_TOWN_AFR
2024	Town of Farmington FSMS Report 2024	FSMS_MONITORING
2023	Town of Farmington Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2023	Town of Farmington OSC Annual Financial Report 2023	OSC_TOWN_CSV_AFR

View all 84 documents →

Governance & Structure

Governance Structure

Structure: Not specified
Fiscal Autonomy: Not specified
ICMA Recognition: —
Notes: None
OSC Code: 320328300000

School Details

Not applicable for this entity type.