Farnam, NE
Population 169 · Nebraska
About Farnam, NE
Farnam is a small community located in Nebraska with a population of 169 residents according to the latest US Census Bureau American Community Survey data. The median household income is $46,500 per year, which is 38% below the national median of $75,149. The median age of 36.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Farnam features a median home value of $72,100, which is 71% below the national median of $244,900. This makes Farnam one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $708, 39% below the national average of $1,163/month. Of the 78 total housing units, 72% are owner-occupied (55 units) and 28% are renter-occupied (21 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Farnam shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 22.5%, above the national average of 12.4%. Workers in Farnam have an average one-way commute time of 31 minutes.
Education & Demographics
24.1% of Farnam residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. 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.
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 US Census Bureau American Community Survey estimates. This makes it a small community in Nebraska.
What is the median household income in Farnam?
The median household income in Farnam, NE is $46,500 per year, which is 38% below the national median of $75,149.
What is the median home value in Farnam?
The median home value in Farnam, NE is $72,100, which is 71% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Farnam?
The median monthly rent in Farnam, NE is $708, which is 39% below the national average of $1,163/month.
What is the unemployment rate in Farnam?
The unemployment rate in Farnam, NE is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Farnam, NE a good place to live?
Farnam offers a moderate cost of living, affordable housing, and a strong job market. With a population of 169 and a median age of 36.8, the city appeals to a broad range of residents.
How educated is Farnam, NE?
24.1% of residents in Farnam 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 Farnam?
Key cost-of-living indicators for Farnam, NE: median home value is $72,100 (71% below national), median rent is $708/month, and median household income is $46,500. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Farnam?
The poverty rate in Farnam, NE is 22.5%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Farnam, NE?
Farnam's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.