Personal loans in Farmington, MS
Rate ceilings, licensing requirements and product limits for Farmington are all set at the Mississippi level.
Farmington is a small community in Mississippi, with an estimated 2,015 residents, and every licensed lender here follows the same state rulebook. At about 2,015 residents, Farmington is larger than roughly 68% of the places in Mississippi. Farmington lost roughly 2.1% of its population across the 2020-to-2023 comparison. Work out your debt-to-income ratio first; lenders weigh it heavily, and Farmington's 2,015 residents are no exception. The next larger city is Corinth, MS about 4 miles away.
What the Census records for Farmington
Farmington is a small community; the notes below cover its population profile and the statewide rules that apply.
- Population: about 2,015 people live here, which puts Farmington 97th of 299 Census places in Mississippi (Vintage 2023).
- Population trend: A decline of about 2.1% across the 2020-to-2023 comparison.
- Net change: roughly 43 fewer people than the 2020 Census counted.
- Size percentile: bigger than about 68% of the places in Mississippi, with 2,015 residents in Farmington.
- Density: the Census land area of 6.4 sq mi holds about 316 people per square mile.
- Land area: Farmington covers 6.4 square miles, the 90th-largest area among Mississippi's 299 places.
- Water: Farmington holds about 0.01 square miles, the 118th-largest water area in Mississippi.
- State population share: Farmington accounts for about 0.1% of everyone in Mississippi.
- National standing: Farmington ranks 7,598th of 19,457 US places.
- Growth in Mississippi: Farmington stands 115th by percentage change from 2020 to 2023, among 299 places.
- Versus Mississippi: the state average change is -2.3%, while Farmington moved 2.1%.
- Density rank: Farmington places 204th among Mississippi's places by people per square mile.
- Against the state median: Farmington runs about 316 residents per square mile, where the Mississippi median is 434.
- Location: mapped by the US Census Bureau at 34.9226, -88.4461.
- Nearest larger cities: Corinth (4 mi); Iuka (16 mi); Selmer (19 mi); Booneville (19 mi); Adamsville (22 mi). For most borrowers the comparison happens online, not at a branch.
- Smaller towns nearby: Glen (5 mi); Guys (8 mi); Burnsville (10 mi).
- Smaller places within 50 miles: 51 of them.
- At 100 miles: 98 larger Census places fall inside that radius.
What is available to Farmington borrowers
With about 316 residents per square mile, Farmington is lightly settled, and 25 larger Census places sit within 50 miles. Lenders licensed in Mississippi reach Farmington's 2,015 residents online, so the nearest branch is not what sets your APR. For a larger market, the closest option is Corinth, MS about 4 miles away.
Land, water and location for Farmington
Farmington's land area is about 6.4 square miles; a further 0.01 square miles is water. With 2,015 residents, the land area yields roughly 316 people per square mile. Jackson, the largest place in Mississippi, is about 207 miles from Farmington. A 50-mile radius around Farmington takes in 25 places that are larger. Within the same 50 miles lie 51 smaller Census places.
What Mississippi law requires in Farmington
When Mississippi does not publish a figure, the row links to the source instead of inventing a number; Farmington is bound by the same rules.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Mississippi Department of Banking and Consumer Finance (DBCF) Source says: "The Mississippi Department of Banking and Consumer Finance's (DBCF) mission is to regulate, supervise and safeguard financial institutions chartered and licensed in Mississippi" | Mississippi Department of Banking and Consumer Finance as of 2026-09-16 |
| Payday lending status | Legal and licensed — check cashers (delayed-deposit/payday transactions) are licensed consumer-finance industries regulated by DBCF (Miss. Code § 75-67-501 et seq.) Source says: "These industries include Money Transmitter, Small Loan, Check Cashers, Pawnbroker, Title Pledge, Consumer Loan Broker" | Mississippi Department of Banking and Consumer Finance as of 2026-09-16 |
| Small-loan / installment lender licensing | Small loan license required (Small Loan Regulatory Law; Miss. Code § 75-67-105) Source says: "No person shall engage in the business of lending money ... without being the holder of a valid and subsisting license" | Mississippi Department of Banking and Consumer Finance as of 2026-09-16 |
Farmington in state context
Set beside Mississippi's 299 places, Farmington ranks 97th by population and holds about 0.1% of the state total. On the 2020-to-2023 trend, Farmington stands 115th among Mississippi's 299 places — roughly the 62th percentile. At about 316 people per square mile, Farmington is the 204th most densely settled place in Mississippi. By land area, its 6.4 square miles rank 90th of 299 places in Mississippi.
Before you apply in Farmington
These steps shape the offer you get in Farmington, a place of about 2,015 people:
- Get all three reports, dispute anything wrong, and keep the corrected file for your applications.
- Run the numbers on the personal loan calculator so you know the payment before you apply.
- Pre-qualify with three or more lenders, then compare the APR rather than the interest rate.
- Confirm the lender holds a Mississippi licence by checking the regulator named above.
- Pick the shortest term whose payment you can comfortably afford.
- Keep the amount to the expense; an approval is not a reason to take more.
- Write down the purpose of the loan and your repayment plan before you apply.
The process is identical across Mississippi; what changes is your credit file, not the fact that Farmington holds 2,015 people.
Common questions
What are my options in Farmington if my credit is poor?
What loan size can I expect in Farmington?
Do I have to pledge anything to borrow in Farmington?
Does comparing loans in Farmington cost me credit score points?
Nearby places
- Glen, MS — population 375
- Corinth, MS — population 14,259
- Guys, TN — population 419
- Michie, TN — population 668
- Burnsville, MS — population 845
- Rienzi, MS — population 273
- Eastview, TN — population 779
- Kossuth, MS — population 162