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College Costs in Farmington, MN 2026

Compare tuition, housing, and financial aid across 2 colleges in Farmington, Minnesota. Use our free calculator to estimate your total cost.

Avg Public Tuition

$14,200

per year

Avg Private Tuition

$38,000

per year

Avg Rent Near Campus

$888

per month

Colleges & Universities

2

institutions

Farmington Overview

Population

23,786

Student Population

1,327 (5.6%)

Cost of Living Index

96.3 (avg: 100)

Walk Score

45/100

Transit Score

19/100

Unemployment Rate

2.9%

College Cost Calculator for Farmington

Cost Inputs

Total Cost (4 Years, Public In-State)

$112,912

Total After Financial Aid

$112,912

Annual Cost

$28,228

Annual After Aid

$28,228

Cost Breakdown (4 Years)

Tuition$56,800
Room & Board$56,112

If Financed (10-Year Loan at 6.5%)

Loan Amount$112,912
Monthly Payment$1,282
Total Interest$40,939
Total Loan Cost$153,851

Universities in Farmington

UniversityTypeAnnual Tuition
Farmington State UniversityPublic$15,275
Farmington Community CollegeCommunity$5,787

Farmington has 2 total colleges and universities. Tuition figures are approximate annual in-state rates for the 2025-2026 academic year.

Cost of Living in Farmington vs. National Average

CategoryFarmingtonNational AvgDifference
Public Tuition (In-State)$14,200$10,940+$3,260
Monthly Rent Near Campus$888$1,050-$162
Cost of Living Index96.3100-3.700000000000003

Farmington's cost of living is near the national average. Students can expect typical expenses comparable to most other U.S. cities.

Student Life in Farmington

45

Walk Score

Car-Dependent

19

Transit Score

Minimal Transit

5.6%

Student Population

1,327 students

Farmington has a total population of 23,786, with approximately 1,327 college students (5.6% of the population). While not primarily a college town, Farmington offers students access to urban amenities, diverse employment opportunities, and a wide range of cultural experiences.

Post-Graduation Outlook in Farmington

$43,809

Starting Salary

2.9%

Unemployment Rate

69%

Graduation Rate

~13 yrs

ROI Payback Period

Return on Investment Analysis

Graduates from colleges in Farmington earn a median starting salary of $43,809, which is $8,809 more per year than the average high school graduate salary of $35,000. At a 4-year public university cost of $112,912 (including room and board), it would take approximately 13 years of the salary premium to recoup the investment. With average financial aid of $11,661 per student per year, the net cost and payback period can be significantly reduced.

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