Farnam, NE
Population 169 · Nebraska
About Farnam, NE
Farnam is a small community in Nebraska with a population of 169 residents. The median household income is $46,500 per year, which is below the national average. The median age in Farnam is 36.8 years.
Housing in Farnam has a median home value of $72,100 and median monthly rent of $708. Of the 78 total housing units, the majority are owner-occupied, with 55 owner-occupied and 21 renter-occupied units.
The unemployment rate in Farnam is 0.0% and the poverty rate is 22.5%. 24.1% of residents hold a bachelor's degree or higher. The average commute time is 31 minutes.
Cost of Living in Farnam, NE
Compared to national averages, Farnam has a median household income of $46,500 (38% below the national median of $75,149). Home values average $72,100, which is 71% below the national median. Monthly rent at $708 is 39% below the US average of $1,163. Within Nebraska, Farnam's income is 29% below the state average of $65,895, and home values are 43% below the state median of $125,824.
Why Live in Farnam, NE?
Farnam offers affordable housing with a median home value of $72,100, below the US average of $244,900, and rent that’s lower than the national average at $708/month, and a strong job market with an unemployment rate of just 0.0%.
Potential considerations include median household income ($46,500) that falls below the national average. However, Farnam’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Farnam has a population of 169 with a median age of 36.8 years. Compare Farnam with other cities to see how it stacks up, or explore all cities in Nebraska.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Farnam
What is the population of Farnam, NE?
The population of Farnam, NE is 169 according to the latest Census data.
What is the median household income in Farnam?
The median household income in Farnam, NE is $46,500 per year.
What is the median home value in Farnam?
The median home value in Farnam, NE is $72,100.
What is the average rent in Farnam?
The median monthly rent in Farnam, NE is $708.
What is the unemployment rate in Farnam?
The unemployment rate in Farnam, NE is 0.0%.