Cost of Living in Farmington
Summary: If you are thinking about moving to Farmington, here is an overview of the cost of living there.
Farmington, is a suburban town located in Hartford County, known for its high quality of life, excellent schools, and proximity to major employment centers. The cost of living in Farmington is generally higher than the national average, reflecting the desirability of the area and the amenities it offers. Housing costs are a significant component of the overall cost of living in Farmington. As of my knowledge cutoff in early 2023, the median home value for a 3-bedroom home in Farmington can range from $300,000 to $450,000, depending on the location, age, and condition of the property. A 4-bedroom home typically commands a higher price, with median values ranging from $400,000 to $600,000 or more for homes with larger lots or in more sought-after neighborhoods.
Apartment rentals in Farmington also reflect the town's upscale nature. A 1-bedroom apartment can cost anywhere from $1,200 to $1,800 per month, while a 2-bedroom unit can range from $1,500 to $2,200 per month. For those interested in purchasing an apartment or a condominium, prices can vary widely based on size, location, and amenities, but a ballpark figure would be between $150,000 and $300,000 for a 2-bedroom unit.
Dining out in Farmington can cater to a variety of tastes and budgets. A meal at an inexpensive restaurant might cost around $15 to $20 per person, while a three-course meal at a mid-range restaurant could be between $50 and $70 per person. Of course, prices can be significantly higher at upscale dining establishments.
Utilities, including electricity, heating, cooling, water, and garbage, can cost around $200 to $300 per month for a standard-sized home, but this can fluctuate based on usage and the time of year. Internet and cable services typically add another $60 to $120 to monthly expenses.
Private school tuition in Farmington varies by the level of education and the institution. Preschool costs can range from $10,000 to $20,000 per year. Elementary and middle schools may charge between $15,000 and $30,000 per year, while private high schools can cost upwards of $30,000 to $40,000 annually. These figures can be higher for schools with more exclusive reputations or specialized programs.
| Category | Cost |
|---|---|
| 3-Bedroom Home Purchase | $300,000 - $450,000 |
| 4-Bedroom Home Purchase | $400,000 - $600,000+ |
| 1-Bedroom Apartment Rental | $1,200 - $1,800/month |
| 2-Bedroom Apartment Rental | $1,500 - $2,200/month |
| 2-Bedroom Apartment Purchase | $150,000 - $300,000 |
| Inexpensive Restaurant Meal | $15 - $20/person |
| Mid-Range Restaurant 3-Course Meal | $50 - $70/person |
| Utilities (Monthly Average) | $200 - $300 |
| Internet and Cable (Monthly Average) | $60 - $120 |
| Private Preschool Tuition (Annual) | $10,000 - $20,000 |
| Private Elementary/Middle School Tuition (Annual) | $15,000 - $30,000 |
| Private High School Tuition (Annual) | $30,000 - $40,000+ |
About the Author
Joshua Wood, LPC is one of the Founders of BlueBurbia and serves as Co-President of Expat Exchange. Prior to Expat Exchange and BlueBurbia, Joshua worked for NBC Cable (MSNBC and CNBC
Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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