Farwell, NE demographics:
population, income, and more

Total population
78
9.9% year-over-year change
Median household income
$52,500/yr
-9.7% year-over-year change
Housing units
51
8.5% year-over-year change

Farwell population

How many people live in Farwell

Farwell is home to 78 residents, according to the most recent Census data. Gender-wise, 50% of Farwell locals are male, and 50% are female.

Total population
78
9.9% year-over-year change
Gender ratio
Male
50%
39
Female
50%
39
Value Percent YoY change
Male 39 50% 18.2%
Female 39 50% 2.6%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Farwell is 50, with the population distributed as follows: about 9% are children under 15, then 12.8% are in the 15 to 24 age group. Adults between 25 and 44 make up 16.7% of the population, while another 30.8% fall into the 45 to 64 bracket. Finally, around 30.8% are 65 or older.

Median age
50.5
Age breakdown
Under 15
9%
15 to 24
12.8%
25 to 44
16.7%
45 to 64
30.8%
Over 65
30.8%
Value Percent YoY change
Under 15 7 9% -12.5%
15 to 24 10 12.8% 0.0%
25 to 44 13 16.7% 0.0%
45 to 64 24 30.8% 4.3%
Over 65 24 30.8% 41.2%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

There’s also a share of 7.7% that includes residents with two or more races.

Citizenship
U.S.-born citizens
100%
Non-U.S.-born citizens
0%
Non-citizens
0%
Value Percent YoY change
U.S.-born citizens 78 100% 9.9%
Racial breakdown
White
87.2%
Black or African American
0%
American Indian and Alaska Native
0%
Asian
0%
Native Hawaiian and other Pacific Islander
0%
Two or more races
7.7%
Other
5.1%
Value Percent
White 68 87.2%
Two or more races 6 7.7%
Other 4 5.1%

Households in Farwell

A peek inside Farwell households

Farwell has 36 households, with an average of 2 members in each. Of these, 69.4% are families, while the remaining 30.6% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
36
16.1% year-over-year change
Average people per household
2
Non-family households
11
Family households
25
Value Percent YoY change
Non-family households 11 30.6% 37.5%
Family households 25 69.4% 8.7%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Farwell

The housing landscape of Farwell

Farwell's housing consists of 51 units, with 96.1% being detached single-family homes ideal for those wanting space. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 3.9% of the housing landscape.

Housing units
51
8.5% year-over-year change
Housing types
Value Percent
1 unit, detached 49 96.1%
Mobile home 2 3.9%
Homes built since 2020
0
% year-over-year change

The age of buildings in Farwell

In Farwell, the median construction year is 1943. About 45.1% of homes were built before the 1940s, with another 15.7% going up by 1949. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 23 45.1% 4.5%
Built between 1940 and 1949 8 15.7% 33.3%
Built between 1950 and 1959 3 5.9% -50.0%
Built between 1960 and 1969 9 17.6% -18.2%
Built between 1970 and 1979 3 5.9% 50.0%
Built between 1980 and 1989 5 9.8% N/A
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Farwell occupancy rates

Out of the 36 occupied housing units in Farwell, 91.7% are owner-occupied, while 8.3% are lived in by tenants. Meanwhile, 29.4% of all homes on the local market sit vacant.

Occupied housing units
36
16.1% year-over-year change
Occupancy breakdown
Renter occupied
3
Owner occupied
33
Value Percent YoY
change
Renter occupied 3 8.3% -50.0%
Owner occupied 33 91.7% 32.0%
Unoccupied housing units
29.4%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Farwell housing costs

Median housing costs per month
$675/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.

Education in Farwell

Farwell education at a glance

About 29.8% of the population in Farwell went to high school, while 41.8% pursued college studies. Another 11.9% earned an associate degree and 16.4% hold a bachelor’s.

Education level
Value Percent YoY change
High school diploma 20 29.8% -9.1%
College diploma 28 41.8% 12.0%
Associate degree 8 11.9% 33.3%
Bachelor's degree 11 16.4% 57.1%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Farwell

How much people earn in Farwell

The average annual household income in Farwell was $55,064 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a -8.4% change from the previous year. At the same time, the median income stood at $52,500, reflecting a -9.7% shift over the same period.

Average household income in Farwell
$55,064/year
-8.4% year-over-year change
Median household income in Farwell
$52,500/year
-9.7% year-over-year change

Farwell income by age

Overall, 92.3% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Over 65 $61,250 5.4%
Above poverty level
72
Below poverty level
6
Value Percent YoY
change
Above poverty level 72 92.3% 12.5%
Below poverty level 6 7.7% -14.3%

Average renter income in Farwell

To get a better sense of what renters earn on average in Farwell, their median household income was $21,250 according to 2022 Census data.

Renter median household income
$21,250
Rent-to-income ratio
0%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Farwell

Workforce and job types in Farwell

The job market in Farwell is powered by 46 working residents, spread across a range of industries and roles. 69.6% of the working population are employed in professional or administrative positions, while 30.4% are in hands-on or service-based jobs. Also, 23.9% run their own businesses, 58.7% are employed by private companies, and 8.7% work in the public sector.

Workforce demographics

Working population
46
4.5% year-over-year change
White collar
32
Blue collar
14
Value Percent YoY change
White collar 32 69.6% 0.0%
Blue collar 14 30.4% 16.7%
Employer type
Self employees
23.9%
Private companies
58.7%
Governmental workers
8.7%
Not for profit companies
8.7%
Value Percent YoY change
Self employees 11 23.9% 37.5%
Private companies 27 58.7% -10.0%
Governmental workers 4 8.7% 33.3%
Not for profit companies 4 8.7% 33.3%

Transportation in Farwell

How people get around in Farwell

Commuting methods vary: 91.3% of residents travel by personal vehicle and 8.7% prefer to walk, while the remaining share relies on public transit or on two wheelers to get from A to B.

Means of transportation
Value Percent YoY change
Car 42 91.3% 0.0%
Walk 4 8.7% 100.0%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Farwell by zipcode?

Zipcode Population Number of households Median income Average income
68838 150 68 $103,750 $103,718

Explore more communities

FAQs about Farwell demographics 

What is the total population of Farwell?

Farwell has a total population of 78 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +9.9% compared to a year ago.

What is the gender ratio in Farwell?

The gender ratio in Farwell is as follows:
  • 50% males (39 residents)
  • 50% females (39 residents)

What is the median age in Farwell?

The median age in Farwell is 50.5.

What is the age distribution of the population in Farwell?

The age distribution in Farwell is as follows:
  • Under 15: 9% (7 residents)
  • Ages 15-24: 12.8% (10 residents)
  • Ages 25-44: 16.7% (13 residents)
  • Ages 45-64: 30.8% (24 residents)
  • Over 65: 30.8% (24 residents)

What is the racial and ethnic makeup of Farwell?

The racial and ethnic makeup of Farwell is as follows:
  • White: 87.2% (68 residents)
  • Black or African American: 0% (0 residents)
  • American Indian and Alaska Native: 0% (0 residents)
  • Asian: 0% (0 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 7.7% (6 residents)
  • Other: 5.1% (4 residents)

What percentage of the population in Farwell are U.S.-born citizens?

U.S.-born citizens represent 100% of the population in Farwell.

How many housing units are there in Farwell?

There are 51 housing units in Farwell, reflecting a +8.5% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Farwell and what is the average household size?

Farwell has a total of 36 households, with an average of 2 people in each.

What is the median household income in Farwell?

Farwell has a median household income of $52,500, representing a -9.7% shift from the previous year, according to the U.S. Census Bureau.

What is the job market overview for Farwell?

Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 69.6% (32 residents)
  • Blue-collar workers: 30.4% (14 residents)

Places of employment:
  • Self-employed: 23.9% (11 residents)
  • Private companies: 58.7% (27 residents)
  • Governmental workers: 8.7% (4 residents)
  • Not-for-profit companies: 8.7% (4 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025