Farwell, TX
Population 1,359 · Texas
About Farwell, TX
Farwell is a small community in Texas with a population of 1,359 residents. The median household income is $56,932 per year, which is near the national average. The median age in Farwell is 32.2 years.
Housing in Farwell has a median home value of $129,800 and median monthly rent of $1,153. Of the 559 total housing units, the majority are owner-occupied, with 305 owner-occupied and 160 renter-occupied units.
The unemployment rate in Farwell is 0.0% and the poverty rate is 13.2%. 19.5% of residents hold a bachelor's degree or higher. The average commute time is 19.9 minutes.
Cost of Living in Farwell, TX
Compared to national averages, Farwell has a median household income of $56,932 (24% below the national median of $75,149). Home values average $129,800, which is 47% below the national median. Monthly rent at $1,153 is 1% below the US average of $1,163. Within Texas, Farwell's income is 22% below the state average of $72,726, and home values are 39% below the state median of $211,769.
Why Live in Farwell, TX?
Farwell offers affordable housing with a median home value of $129,800, below the US average of $244,900, and rent that’s lower than the national average at $1,153/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 19.9 minutes.
Potential considerations include median household income ($56,932) 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 1,359 with a median age of 32.2 years. Compare Farwell with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Farwell
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Buchanan Dam | 1,359 | $56,250 | $267,100 | Compare |
| Powderly | 1,361 | $95,742 | $207,400 | Compare |
| Carrizo Hill | 1,355 | $0 | $18,100 | Compare |
| Poetry | 1,352 | $103,333 | $408,300 | Compare |
| Rollingwood | 1,371 | $236,964 | $1,872,000 | Compare |
| Roscoe | 1,347 | $52,935 | $80,700 | Compare |
| Somerville | 1,347 | $64,013 | $143,600 | Compare |
| Coldspring | 1,372 | $41,196 | $189,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
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, TX?
The population of Farwell, TX is 1,359 according to the latest Census data.
What is the median household income in Farwell?
The median household income in Farwell, TX is $56,932 per year.
What is the median home value in Farwell?
The median home value in Farwell, TX is $129,800.
What is the average rent in Farwell?
The median monthly rent in Farwell, TX is $1,153.
What is the unemployment rate in Farwell?
The unemployment rate in Farwell, TX is 0.0%.