Farmington, MN 55024

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Published March 2024
Overview Weather Summary Taxes Summary Housing Cost Summary

Weather Summary

*1% National Rank is best weather and 99% is worst weather for that preference

Days Below Freezing 160
Days Above 95°F 1
Rainy Days 154
Humid Days 154
Days in 40s 41
Days in 50s 30
Days in 60s 41
Days in 70s 53
Days in 80s 70
Days in 90s 10
Days in 100s 0
Good Weather Range Good Weather Probability National Rank
10°F - 70°F 62% 16%
20°F - 70°F 62% 16%
30°F - 70°F 50% 50%
40°F - 70°F 30% 80%
50°F - 70°F 19% 88%
10°F - 80°F 76% 22%
20°F - 80°F 76% 22%
30°F - 80°F 65% 52%
40°F - 80°F 45% 87%
50°F - 80°F 33% 94%
10°F - 90°F 95% 26%
20°F - 90°F 95% 26%
30°F - 90°F 84% 64%
40°F - 90°F 64% 87%
50°F - 90°F 53% 91%
10°F - 100°F 98% 72%
20°F - 100°F 98% 72%
30°F - 100°F 86% 92%
40°F - 100°F 66% 94%
50°F - 100°F 55% 94%

Taxes Summary

*LTCG = Long Term Capital Gains
*Federal = Income + Social Security + Medicare + NIIT
*1% National Rank is highest effective tax and 99% is lowest effective tax for that income profile

W2 Income LTCG Income Home Value Total Tax Rate National Rank Net Taxes Paid Federal State Property Sales Local
22k - - 9% 68% 2159 1683 - - 476 -
40k - - 12% 83% 5156 4290 - - 866 -
70k - - 16% 92% 11507 9991 - - 1516 -
22k - 66k 13% 58% 2931 1683 - 772 476 -
40k - 120k 16% 72% 6560 4290 - 1404 866 -
70k - 210k 19% 83% 13964 9991 - 2457 1516 -
100k - 300k 21% 86% 21562 15886 - 3510 2166 -
200k - 600k 29% 72% 59728 43821 4554 7020 4333 -
400k - 1.2M 36% 39% 144073 102619 18747 14040 8666 -
800k - 2.4M 43% 23% 350912 249158 56340 28080 17332 -
1.6M - 4.8M 48% 17% 782246 556279 135140 56160 34665 -
100k 50k 450k 17% 80% 25810 15886 1409 5265 3249 -
200k 100k 900k 24% 47% 73836 45433 11372 10530 6499 -
400k 400k 2.4M 32% 23% 256685 154932 56340 28080 17332 -
800k 1M 5.4M 37% 16% 666226 409206 154840 63180 38999 -
1.6M 3.2M 14.4M 39% 15% 1907781 1184962 450340 168480 103997 -
1 150k 450k 12% 76% 19037 9112 1409 5265 3249 -
1 300k 900k 20% 46% 60015 31612 11372 10530 6499 -
1 800k 2.4M 26% 23% 208366 106612 56340 28080 17333 -
1 1.8M 5.4M 30% 16% 554402 297382 154840 63180 38999 -
1 4.8M 14.4M 33% 15% 1620201 897382 450340 168480 103997 -

Housing Cost Summary

*1% National Rank is most expensive and 99% is cheapest build cost
Thank you to RedFin for housing data for processing these derived metrics

Median Home Price 417833
Median Days on Market 24
3000SF Builder Grade Projected Cost 536956
3000SF Designer Grade Projected Cost 1342390
3000SF Estate Grade Projected Cost 2684781
Budget Level Builder Home SF Designer Home SF Estate Home SF
100k Unstable 558 223 111
200k Builder Grade 1000sf 1117 446 223
300k Builder Grade 1000sf 1676 670 335
400k Builder Grade 2000sf 2234 893 446
500k Builder Grade 2000sf 2793 1117 558
600k Builder Grade 3000sf 3352 1340 670
700k Builder Grade 3000sf 3910 1564 782
800k Builder Grade 4000sf 4469 1787 893
900k Builder Grade 5000sf 5028 2011 1005
1M Builder Grade 5000sf 5587 2234 1117
1.25M Builder Grade 5000sf 6983 2793 1396
1.5M Designer Grade 3000sf 8380 3352 1676
1.75M Designer Grade 3000sf 9777 3910 1955
2M Designer Grade 4000sf 11174 4469 2234
2.25M Designer Grade 5000sf 12570 5028 2514
2.5M Designer Grade 5000sf 13967 5587 2793
2.75M Estate Grade 3000sf 15364 6145 3072
3M Estate Grade 3000sf 16761 6704 3352
3.5M Estate Grade 3000sf 19554 7821 3910
4M Estate Grade 4000sf 22348 8939 4469
4.5M Estate Grade 5000sf 25141 10056 5028
5M Estate Grade 5000sf 27935 11174 5587
7.5M Estate Grade 7000sf 41902 16761 8380
10M Estate Grade 7000sf 55870 22348 11174