Farrell, MS
Population 216 · Mississippi
About Farrell, MS
Farrell is a small community located in Mississippi with a population of 216 residents according to the latest US Census Bureau American Community Survey data. The median household income is $37,007 per year, which is 51% below the national median of $75,149. The median age of 28.1 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Farrell features a median home value of $38,400, which is 84% below the national median of $244,900. This makes Farrell one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 93 total housing units, 63% are owner-occupied (51 units) and 37% are renter-occupied (30 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Farrell shows an unemployment rate of 6.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Farrell have an average one-way commute time of 14.7 minutes, one of the shorter commutes in the region.
Education & Demographics
0.0% of Farrell residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Farrell Ranks in Mississippi
Cost of Living in Farrell, MS
Compared to national averages, Farrell has a median household income of $37,007 (51% below the national median of $75,149). Home values average $38,400, which is 84% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Mississippi, Farrell's income is 26% below the state average of $49,929, and home values are 69% below the state median of $125,705.
Why Live in Farrell, MS?
Farrell offers affordable housing with a median home value of $38,400, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a low poverty rate of 0.0%, better than the national average. Additionally, the city features short commute times averaging just 14.7 minutes.
Potential considerations include median household income ($37,007) that falls below the national average. However, Farrell’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Farrell has a population of 216 with a median age of 28.1 years. Compare Farrell with other cities to see how it stacks up, or explore all cities in Mississippi.
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Cities in Mississippi with a similar population size.
Demographics
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Economy & Education
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Other Cities in Mississippi
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Farrell
What is the population of Farrell, MS?
The population of Farrell, MS is 216 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Mississippi.
What is the median household income in Farrell?
The median household income in Farrell, MS is $37,007 per year, which is 51% below the national median of $75,149.
What is the median home value in Farrell?
The median home value in Farrell, MS is $38,400, which is 84% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Farrell?
The median monthly rent in Farrell, MS is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Farrell?
The unemployment rate in Farrell, MS is 6.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Farrell, MS a good place to live?
Farrell offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 216 and a median age of 28.1, the city appeals to young professionals and families.
How educated is Farrell, MS?
0.0% of residents in Farrell aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Farrell?
Key cost-of-living indicators for Farrell, MS: median home value is $38,400 (84% below national), median rent is $0/month, and median household income is $37,007. The home-value-to-income ratio is 1.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Farrell?
The poverty rate in Farrell, MS is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Farrell, MS?
Farrell's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 100.0% two or more races. 0.0% of residents are foreign-born.