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The total population of Farmer City is estimated to be 1,861 with 942 males (50.62%) and 919 females (49.38%). There are 23 less females than males in Farmer City.
The median household income in Farmer City was $55,397 in 2021, which marked an a decrease of 20,060(26.58%) from $75,457 in 2020. This income is 74.25% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Farmer City sees its highest median household income among householders in the age group of 45 to 64 years old, at $68,908. Overall, the median household income for the city of Farmer City stands at $55,397.
In Farmer City, the median income for all workers aged 15 years and older, regardless of work hours, was $34,516 for males and $34,184 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $46,711 for males and $52,694 for females.
In Farmer City, population is primarily represented by White households, reporting a median income of $55,443.
In 2022, the population of Farmer City was 1,805, a 0.33% decrease year-by-year from 2021. Previously, in 2021, Farmer City's population was 1,811, a decline of 0.44% compared to a population of 1,819 in 2020.
The median age in Farmer City, IL is 48.0, as per 2021 ACS 5-Year Estimates. Of the total population, 18.31% were under the age of 15, 12.43% aged 15 to 29, 50.16% aged 30 to 64, 16.19% aged 65 to 84, and 2.91% were 85 years of age and older.
Racial distribution of Farmer City population: 99.52% are White and 0.48% are multiracial.