Farwell, NE
Population 71 · Nebraska
About Farwell, NE
Farwell is a small community in Nebraska with a population of 71 residents. The median household income is $58,125 per year, which is near the national average. The median age in Farwell is 47.9 years.
Housing in Farwell has a median home value of $55,000 and median monthly rent of $0. Of the 47 total housing units, the majority are owner-occupied, with 25 owner-occupied and 6 renter-occupied units.
The unemployment rate in Farwell is 0.0% and the poverty rate is 9.9%. 13.2% of residents hold a bachelor's degree or higher. The average commute time is 46.3 minutes.
How Farwell Ranks in Nebraska
Cost of Living in Farwell, NE
Compared to national averages, Farwell has a median household income of $58,125 (23% below the national median of $75,149). Home values average $55,000, which is 78% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Nebraska, Farwell's income is 12% below the state average of $65,895, and home values are 56% below the state median of $125,824.
Why Live in Farwell, NE?
Farwell offers affordable housing with a median home value of $55,000, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 9.9%, better than the national average.
Potential considerations include median household income ($58,125) that falls below the national average. However, Farwell’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Farwell has a population of 71 with a median age of 47.9 years. Compare Farwell 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 Farwell
What is the population of Farwell, NE?
The population of Farwell, NE is 71 according to the latest Census data.
What is the median household income in Farwell?
The median household income in Farwell, NE is $58,125 per year.
What is the median home value in Farwell?
The median home value in Farwell, NE is $55,000.
What is the average rent in Farwell?
The median monthly rent in Farwell, NE is $0.
What is the unemployment rate in Farwell?
The unemployment rate in Farwell, NE is 0.0%.