Income & Economy in Farmington CDP, KY (42040)
Median Income
$61,458
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+37
Wealth inflow
Population
983
Unemployment
0.7%
3.0pp below US avg
IRS migration statistics show a net inflow of about 37 for ZIP 42040 (Farmington CDP, KY) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 42040 (2020–Present)
Since 2020, population grew 18.4%, median income fell 15.2% (inflation-adjusted), home values increased 50.2%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $61,458 |
| Unemployment | 0.7% |
| Establishments | 12 |
| Employees | 39 |