Farwell, MI

Full City Profile · Michigan · Clare County County

3.2 /5.0
B Good
1,086 Population 793/sq mi density
$40,667 Median Income $20,066 per capita
$95,800 Home Value $207,830 Zillow
$496 Median Rent 27.5% income on rent
46°F Avg Temperature
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.7 / 5.0
$40,667 median income, 5.3% unemployment
A+
Affordability
5.0 / 5.0
$95,800 home value, $496/mo rent
D
Education
1.9 / 5.0
11.8% bachelor's degree or higher

Farwell, MI

At a Glance

Median Income
$40,667
46% below
$20,066 per capita
Home Value
$95,800
66% below
Zillow: $207,830
Median Rent
$496/mo
57% below
27.5% of income on rent
Bachelor's Degree+
11.8%
65% below
78.7% high school+
Unemployment
5.3%
47% above
17.2% poverty rate
Obesity Rate
40.5%
26% above
20.5% smoking rate
Avg Temperature
46°F

How Farwell Compares to the U.S. Average

Each bar shows Farwell's value as a percentage of the national average (100% = U.S. avg)

Income
54%
Home Value
34%
Rent
43%
Poverty
139%
Bachelor's
35%
Unemployment
147%
Thin vertical line = U.S. national average (100%)

Is Farwell a Good Place to Live?

B
3.2 / 5.0 - Good
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Farwell residents earn a median household income of $40,667 , which is 46% below the national average of $75,149. Per capita income is $20,066. The unemployment rate stands at 5.3% (47% above the U.S. rate of 3.6%). 17.2% of residents live below the poverty line. The area is home to 623 business establishments, including 75 restaurants.

Housing & Cost of Living

The median home value in Farwell is $95,800 , 66% below the national median of $281,900. Zillow estimates the typical home at $207,830. Median rent is $496/month, with 27.5% of renters spending more than 30% of income on housing. The cost of living index is 96.2 (100 = national average). The median home was built in 1975.

Education

11.8% of adults in Farwell hold a bachelor's degree or higher (65% below the national average). 78.7% have completed high school. Local schools score 4.6/10 in standardized testing.

Climate & Weather

Farwell has an average annual temperature of 46°F (8°C). Winters average 21°F in January while summers reach 70°F in July. Annual precipitation totals 34.0 inches.

Data Overview

People

Population1,086
Median Age39.5 yrs
Density793/mi²
Male / Female48% / 52%
Foreign Born0.6%
Veterans7.2%

Economy

C+
Median Income$40,667
Per Capita$20,066
Unemployment5.3%
Poverty17.2%
County GDP$1,547M
Avg Weekly Wage$922

Housing

A+
Home Value$95,800
Rent$496
Ownership64.6%
Zillow$207,830
Housing Units403
Rent Burden27.5%

Health

Obesity40.5%
Diabetes11.2%
Smoking20.5%
Heart Disease6.9%
Premature Death10,912/100K

Climate

Avg Temp46°F
Rain34.0 in/yr
Elevation930 ft

Education

D
Bachelor's+11.8%
High School+78.7%
Graduate+5.1%
School Score4.6/10

Community

2024 VoteR 68% / D 31%
Commute24 min
Broadband88.3%
Internet Speed109 Mbps
EV Stations12
Libraries3

Did You Know?

The median home in Farwell was built in 1975.
The nearest airport is Mbs International (45 miles).
The Gini coefficient (income inequality) is 0.462 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
25.3% of the population has a disability.
Average internet download speed is 109 Mbps.
The county recorded 9 fatal vehicle crashes.