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The total population of Farwell is estimated to be 36 with 20 males (55.56%) and 16 females (44.44%). There are 4 less females than males in Farwell.
The median household income in Farwell was $55,667 in 2021, which marked an an increase of 16,007(40.36%) from $39,660 in 2020. This income is 74.61% 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, Farwell sees its highest median household income among householders in the age group of 45 to 64 years old, at $44,588. Overall, the median household income for the city of Farwell stands at $55,667.
In Farwell, the median income for all workers aged 15 years and older, regardless of work hours, was $31,752 for males and $36,819 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $54,586 for males and $37,156 for females.
In Farwell, population is primarily represented by White households, reporting a median income of $55,667.
In 2022, the population of Farwell was 58, a 0.00% decrease year-by-year from 2021. Previously, in 2021, Farwell's population was 58, a decline of 0.00% compared to a population of 58 in 2020.
The median age in Farwell, MN is 41.5, as per 2021 ACS 5-Year Estimates. Of the total population, 17.95% were under the age of 15, 23.08% aged 15 to 29, 38.46% aged 30 to 64, 17.95% aged 65 to 84, and 2.56% were 85 years of age and older.
Racial distribution of Farwell population: 100% are White.