Last updated: 2024 BLS data · Page refreshed:
Farwell has a population of 429 with a median age of 50.4. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 429 |
| Median Age | 50.4 |
| White | 83.0% |
| Hispanic or Latino | 2.6% |
| Other / Two or More Races | 14.4% |
The median household income in Farwell is $49,467, which is 38.6% below the national median of $80,610. The per capita income is $41,103. The poverty rate is 5.1%.
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In Farwell, 90.4% of residents age 25+ have a high school diploma or higher, and 15.7% hold a bachelor's degree or higher (10.1% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 90.4% |
| Bachelor's Degree or Higher | 15.7% |
| Graduate or Professional Degree | 10.1% |
The median home value in Farwell is $176,700, below the national median of $303,400. The median monthly rent is $983. The homeownership rate is 90.1%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $176,700 |
| Median Monthly Rent | $983 |
| Homeownership Rate | 90.1% |
| Vacancy Rate | 6.4% |
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