At a Glance
Median Income
$46,500
$33,775 per capita
Home Value
$72,100
Zillow: $191,448
Median Rent
$708/mo
18.8% of income on rent
Bachelor's Degree+
24.1%
87.2% high school+
Unemployment
0.0%
11.5% poverty rate
Obesity Rate
37.3%
14.1% smoking rate
How Farnam Compares to the U.S. Average
Each bar shows Farnam's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Farnam a Good Place to Live?
B+
3.8 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Farnam residents earn a median household income of $46,500 , which is 38% below the national average of $75,149.
Per capita income is $33,775. The unemployment rate stands at 0.0% (100% below the U.S. rate of 3.6%). 11.5% of residents live below the poverty line. The area is home to 98 business establishments, including 5 restaurants.
Housing & Cost of Living
The median home value in Farnam is $72,100 , 74% below the national median of $281,900.
Zillow estimates the typical home at $191,448. Median rent is $708/month, with 18.8% of renters spending more than 30% of income on housing. The cost of living index is 90.1 (100 = national average). The median home was built in 1955.
Education
24.1% of adults in Farnam hold a bachelor's degree or higher
(28% below the national average).
87.2% have completed high school. Local schools score 5.9/10 in standardized testing.
Climate & Weather
Farnam has an average annual temperature of 50°F (10°C).
Winters average 26°F in January while summers reach 75°F in July. Annual precipitation totals 23.3 inches.
Data Overview
People
Population169
Median Age36.8 yrs
Density252/mi²
Male / Female50% / 50%
Foreign Born0.0%
Veterans3.6%
Economy
B+
Median Income$46,500
Per Capita$33,775
Unemployment0.0%
Poverty11.5%
County GDP$104M
Avg Weekly Wage$807
Housing
A+
Home Value$72,100
Rent$708
Ownership72.4%
Zillow$191,448
Housing Units90
Rent Burden18.8%
Health
Obesity37.3%
Diabetes8.9%
Smoking14.1%
Heart Disease5.1%
Premature Death8,825/100K
Climate
Avg Temp50°F
Rain23.3 in/yr
Elevation2,758 ft
Education
C+
Bachelor's+24.1%
High School+87.2%
Graduate+13.0%
School Score5.9/10
Community
2024 VoteR 86% / D 13%
Commute31 min
Broadband86.8%
Internet Speed25 Mbps
EV Stations1
Libraries2
Did You Know?
The median home in Farnam was built in 1955.
The nearest airport is North Platte Regional/Lee Bird Field (38 miles).
The Gini coefficient (income inequality) is 0.392 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
24.3% of the population has a disability.
91 declared natural disasters on record.