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
Income Overview
Median Household Income
$40,667
46% below
US avg: $75,149
Per Capita Income
$20,066
49% below
US avg: $39,052
Unemployment Rate
5.3%
47% above
US avg: 3.6%
Poverty Rate
17.2%
39% above
US avg: 12.4%
Income Comparison: Farwell vs. U.S. Average
Each bar shows Farwell’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$40,667
54%
Per Capita
US: $39,052
$20,066
51%
IRS Avg AGI
US: $72,000
$51,461
71%
Avg Weekly Wage
US: $1,432
$922
64%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$922
36% below US avg ($1,432)
Mean Commute Time
24 min
12% below US avg (28 min)
Work From Home
3.7%
76% below US avg (15.2%)
Drive Alone
70.9%
3% below US avg (73.2%)
Public Transit
0.0%
100% below US avg (5.0%)
County GDP
$1,547M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
70.9%
Public Transit
0%
Work From Home
3.7%
Other
25.4%
Average commute time
24 minutes
US avg: 28 min
Business Landscape
Total Establishments
623
Restaurants
75
Healthcare
70
Retail
130
Manufacturing
32
Tax & Financial
IRS Avg Adjusted Gross Income
$51,461
29% below US avg ($72,000)
Avg Property Tax
$4,259
22% above US avg ($3,500)
Cost of Living Index
96.2
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $40,667 |
| Per Capita Income | $20,066 |
| IRS Avg Adjusted Gross Income | $51,461 |
| Avg Weekly Wage | $922 |
| County GDP | $1,547M |
Hardship Indicators
| Unemployment Rate | 5.3% |
| Poverty Rate | 17.2% |
| Gini Coefficient | 0.462 |
| Cost of Living Index | 96.2 |
Commute
| Mean Commute | 24 minutes |
| Drive Alone | 70.9% |
| Public Transit | 0.0% |
| Work From Home | 3.7% |
Businesses
| Total Establishments | 623 |
| Restaurants | 75 |
| Healthcare | 70 |
| Retail | 130 |
| Manufacturing | 32 |
Tax
| IRS Avg AGI | $51,461 |
| Avg Property Tax | $4,259 |