At a Glance
Median Income
$58,125
$27,813 per capita
Home Value
$55,000
Zillow: $297,219
Bachelor's Degree+
13.2%
90.6% high school+
Unemployment
0.0%
4.3% poverty rate
Obesity Rate
36.1%
14.3% smoking rate
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)
Thin vertical line = U.S. national average (100%)
Is Farwell 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
Farwell residents earn a median household income of $58,125 , which is 23% below the national average of $75,149.
Per capita income is $27,813. The unemployment rate stands at 0.0% (100% below the U.S. rate of 3.6%). 4.3% of residents live below the poverty line. The area is home to 214 business establishments, including 10 restaurants.
Housing & Cost of Living
The median home value in Farwell is $55,000 , 80% below the national median of $281,900.
Zillow estimates the typical home at $297,219. The cost of living index is 90.1 (100 = national average). The median home was built in 1938.
Education
13.2% of adults in Farwell hold a bachelor's degree or higher
(61% below the national average).
90.6% have completed high school. Local schools score 5.9/10 in standardized testing.
Climate & Weather
Farwell has an average annual temperature of 52°F (11°C).
Winters average 25°F in January while summers reach 77°F in July. Annual precipitation totals 27.3 inches.
Data Overview
People
Population71
Median Age47.9 yrs
Density418/mi²
Male / Female47% / 54%
Foreign Born0.0%
Veterans10.0%
Economy
A
Median Income$58,125
Per Capita$27,813
Unemployment0.0%
Poverty4.3%
County GDP$288M
Avg Weekly Wage$832
Housing
A+
Home Value$55,000
Rent
Ownership80.6%
Zillow$297,219
Housing Units55
Rent Burden27.0%
Health
Obesity36.1%
Diabetes9.0%
Smoking14.3%
Heart Disease5.5%
Premature Death5,022/100K
Climate
Avg Temp52°F
Rain27.3 in/yr
Elevation2,002 ft
Education
C
Bachelor's+13.2%
High School+90.6%
Graduate+0.0%
School Score5.9/10
Community
2024 VoteR 81% / D 18%
Commute46 min
Broadband61.3%
Internet Speed34 Mbps
EV Stations2
Libraries1
Did You Know?
The median home in Farwell was built in 1938.
The nearest airport is Central Nebraska Regional (24 miles).
The Gini coefficient (income inequality) is 0.398 (U.S. avg: 0.490).
Natural hazard risk is rated "Very Low" by FEMA.
9.9% of the population has a disability.
91 declared natural disasters on record.