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The total population of Farwell is estimated to be 72 with 37 males (51.39%) and 35 females (48.61%). There are 2 less females than males in Farwell.
The median household income in Farwell was $59,450 in 2021, which marked an a decrease of 8,538(12.56%) from $67,988 in 2020. This income is 79.69% 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 $68,571. Overall, the median household income for the village of Farwell stands at $59,450.
In Farwell, the median income for all workers aged 15 years and older, regardless of work hours, was $42,786 for males and $19,456 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $46,518 for males and $28,914 for females.
In Farwell, population is primarily represented by White households, reporting a median income of $60,351.
In 2022, the population of Farwell was 136, a 0.73% decrease year-by-year from 2021. Previously, in 2021, Farwell's population was 137, a decline of 0.00% compared to a population of 137 in 2020.
The median age in Farwell, NE is 54.3, as per 2021 ACS 5-Year Estimates. Of the total population, 8.33% were under the age of 15, 6.25% aged 15 to 29, 62.50% aged 30 to 64, 22.92% aged 65 to 84, and 0.00% were 85 years of age and older.
Racial distribution of Farwell population: 97.92% are White and 2.08% are some other race.