Personal loans in Farmington, MN

The closest larger place is Lakeville, MN about 4 miles away. A 2020-to-2023 comparison shows Farmington up by about 1.0%. For the 23,909 people in Farmington, Minnesota runs its own consumer-lending licensing, and the sourced table below lists the figures that apply. Use the calculator on this page to price an amount and term before you commit in Farmington.

Where Farmington stands

Only a few things actually differ by place — population, area, location, and the Minnesota rules a lender must follow — and they are below.

• Population: about 23,909 people live here, which puts Farmington 45th of 853 Census places in Minnesota (Vintage 2023).
• Population trend: Roughly 1.0% more residents than the 2020 Census counted.
• Absolute change: 233 residents added between 2020 and 2023.
• Size percentile: roughly 95% of Minnesota places rank below Farmington.
• Population density: about 1,541 people per square mile across 15.5 square miles of land (Census Gazetteer area, Vintage 2023 population).
• Land area rank: Farmington's 15.5 square miles rank 87th of 853 places in Minnesota.
• Water area rank: Farmington ranks 176th among Minnesota's 853 places, with 0.25 sq mi.
• Share of Minnesota: Farmington holds about 0.5% of the state's population, some 23,909 people.
• National standing: Farmington ranks 1,639th of 19,457 US places.
• Growth rank: Farmington ranks 241st among Minnesota's 853 places for the 2020-to-2023 change.
• Against the state trend: Farmington's 1.0% change compares with a Minnesota average of +0.1% across its 853 places.
• Density rank: Farmington places 128th among Minnesota's places by people per square mile.
• Against the state median: Farmington runs about 1,541 residents per square mile, where the Minnesota median is 607.
• Location: mapped by the US Census Bureau at 44.6592, -93.1687.
• Nearest larger cities: Lakeville (4 mi); Apple Valley (6 mi); Rosemount (8 mi); Burnsville (9 mi); Eagan (11 mi). A branch is convenient; it is not what sets your APR.
• Smaller communities within reach: Coates (8 mi); Hampton (9 mi); Credit River (9 mi).
• Within a 50-mile radius: 176 smaller Census places.
• Within 100 miles: 43 places are larger than Farmington.

The Minnesota lending rules that reach Farmington

This table holds the Minnesota rate and licensing rules for consumer loans made to Farmington's 23,909 residents.

Steps to take before a Farmington loan

These steps shape the offer you get in Farmington, a place of about 23,909 people:

1. Get all three reports, dispute anything wrong, and keep the corrected file for your applications.
2. Price the payment first with our personal loan calculator before any lender quotes you.
3. Line up several pre-qualified offers and let the APR decide.
4. Make sure the lender appears in the Minnesota regulator's licence list.
5. Look for an origination fee or prepayment penalty in the written disclosure.
6. Check that the monthly payment fits your budget next to your existing obligations.
7. Pick the shortest term whose payment you can comfortably afford.

In Farmington as elsewhere in Minnesota, the written terms — not the advertisement — are what count for its 23,909 residents.

How personal loans work in Farmington

With roughly 23,909 residents, Farmington is a smaller city; its personal loans are typically unsecured, priced from your credit rather than the city's size. A lender serving Farmington's 23,909 residents must disclose the APR and finance charge in writing before you sign. A longer term lowers the monthly payment on a Farmington loan but raises total interest, so the smallest payment is not the cheapest loan.

Farmington on the map

Farmington's land area is about 15.5 square miles; a further 0.25 square miles is water. That land carries about 1,541 people per square mile. The state's population centre of gravity, Minneapolis, is roughly 22 miles away. Counting outward 50 miles, 36 larger communities surround Farmington. The 100-mile radius contains 43 larger places.

Lender access in Farmington

At roughly 1,541 people per square mile, Farmington is moderately settled; 36 larger places lie within 50 miles. A Minnesota licence lets a lender serve Farmington without a local office, so branch density does not change what its 23,909 residents are offered. The nearest larger city, Lakeville, MN about 4 miles away.