Last updated: 2024 BLS data · Page refreshed:
Farnam has a population of 257 with a median age of 28.8. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 257 |
| Median Age | 28.8 |
| White | 89.9% |
| Black or African American | 5.1% |
| Hispanic or Latino | 1.2% |
| Other / Two or More Races | 3.8% |
The median household income in Farnam is $45,417, which is 43.7% below the national median of $80,610. The per capita income is $25,860. The poverty rate is 32.4%.
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In Farnam, 93.6% of residents age 25+ have a high school diploma or higher, and 14.3% hold a bachelor's degree or higher (7.9% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 93.6% |
| Bachelor's Degree or Higher | 14.3% |
| Graduate or Professional Degree | 7.9% |
The median home value in Farnam is $62,800, below the national median of $303,400. The median monthly rent is $820. The homeownership rate is 67.1%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $62,800 |
| Median Monthly Rent | $820 |
| Homeownership Rate | 67.1% |
| Vacancy Rate | 1.2% |
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