Last updated: 2024 BLS data · Page refreshed:
Farwell has a population of 974 with a median age of 43.1. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 974 |
| Median Age | 43.1 |
| White | 85.4% |
| Black or African American | 7.5% |
| Asian | 3.2% |
| Hispanic or Latino | 2.0% |
| Other / Two or More Races | 1.9% |
The median household income in Farwell is $42,188, which is 47.7% below the national median of $80,610. The per capita income is $24,117. The poverty rate is 25.9%.
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In Farwell, 81.2% of residents age 25+ have a high school diploma or higher, and 11.4% hold a bachelor's degree or higher (3.9% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 81.2% |
| Bachelor's Degree or Higher | 11.4% |
| Graduate or Professional Degree | 3.9% |
The median home value in Farwell is $98,700, below the national median of $303,400. The median monthly rent is $513. The homeownership rate is 69.3%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $98,700 |
| Median Monthly Rent | $513 |
| Homeownership Rate | 69.3% |
| Vacancy Rate | 13.8% |
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