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Farwell, Michigan Demographics & Population 2026

During the 2020–2024 ACS period, Farwell, Michigan had a total population of 974, the 447th largest village in Michigan, with a median household income of $42,188, which is 42% lower than the state average. The poverty rate is 25.9%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Farwell Quick Facts

Population 974
Median Household Income $42,188
Median Home Value $98,700
Poverty Rate 25.9%
Unemployment Rate 4.4%
Median Age 43.1 years
Homeownership Rate 69.3%
Affordability Ratio 2.3x
Bachelor's Degree or Higher 11.4%
High School Graduation Rate 81.2%
Diversity Index 27/100
Population 974 447th of 745
Median Income $42,188 bottom 20%
Poverty Rate 25.9% 108% higher than national
Median Home Value $98,700 bottom 20%

How Farwell Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population1,086974-10.3%
Median household income$40,667$42,188+3.7%
Median home value$95,800$98,700+3.0%

How Farwell Compares

Economy & Housing

Household Income Distribution

Under $25K 30.8%
$25K-$50K 25.6%
$50K-$100K 23.8%
$100K+ 19.9%
Detailed income brackets
Under $10K
5.2%
$10K-$15K
12.7%
$15K-$20K
4.4%
$20K-$25K
8.5%
$25K-$30K
4.1%
$30K-$35K
8.0%
$35K-$40K
4.4%
$40K-$45K
5.2%
$45K-$50K
3.9%
$50K-$60K
5.7%
$60K-$75K
8.3%
$75K-$100K
9.8%
$100K-$125K
5.9%
$125K-$150K
9.8%
$150K-$200K
2.6%
$200K+
1.6%

Employment

4.4% Unemployment Rate State: 5.7%|National: 5.2%
51.5% Labor Force Participation

Housing Overview

Owner 69.3%
Renter 30.8%
Affordability Index Very Affordable
2.3x home value to income ratio
Median gross rent $513/mo 14.6% of median household income annually

People & Demographics

Diversity Index

27out of 100
Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 45 | National average: 61

Education

Farwell Rankings in Michigan

#447 Population of 745
#658 Median Income of 732
#600 Education of 745
#627 Home Value of 730

Other Cities in Clare County

CityPopulationMedian IncomePovertyHome Value
Clare 3,324 $41,226 18.9% $134,600
Harrison 2,110 $39,430 25.5% $135,100

Cities Similar to Farwell

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Lake Linden1,020$43,472$97,00025.9%13.8%
Stephenson902$44,600$101,80016.3%15.5%
Hesperia934$37,174$131,3008.5%22.0%
Reading947$49,342$107,80012.0%24.6%
Lawrence942$36,058$133,90017.8%28.9%

A note before these figures: with a population of 974, Farwell's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.

Population Overview

Farwell is a small community located in Michigan, within Clare County. The total population is 974. It ranks as the 447th most populous out of 745 Census-designated places in Michigan.

Age Demographics

The median age in Farwell is 43.1 years. This is 7% higher than the state median of 40.2 years. 10.4% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Farwell is $42,188. This is 42% lower than the state median of $72,875. It is also 48% lower than the national median of $80,734. The poverty rate stands at 25.9%. This is 96% higher than the state poverty rate of 13.2%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 4.4%. This is 23% lower than the state rate of 5.7%. The median home value is $98,700. Housing costs are 57% lower than the state median of $231,600. With a home-value-to-income ratio of just 2.3x, Farwell is one of the most affordable housing markets in the area. 69.3% of occupied housing units are owner-occupied. This homeownership rate is 5% lower than the state average of 73.2%.

Race & Ethnicity

Farwell has a predominantly White (non-Hispanic) population, comprising 85.2% of all residents. Black or African American residents account for 5.8%. The Black or African American population (5.8%) is well below the state average of 13.1%. The Hispanic or Latino population (1.9%) is well below the state average of 5.9%.

Education

11.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 65% lower than the state rate of 32.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 81.2%.

Data Sources & Methodology

All demographic data for Farwell, Michigan is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Michigan state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 745 Census-designated places in Michigan. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Farwell, Michigan?

Farwell, Michigan has a population of 974 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Farwell, MI?

The median household income in Farwell is $42,188, which is 48% lower than the national median of $80,734.

What is the poverty rate in Farwell, MI?

The poverty rate in Farwell is 25.9%. This means approximately 250 residents live below the federal poverty line.

What is the racial makeup of Farwell, Michigan?

Farwell's population is 85.2% White, 5.8% Black, 1.9% Hispanic/Latino, and 3.2% Asian.

What is the median home value in Farwell, MI?

The median home value in Farwell is $98,700. The home-value-to-income ratio is 2.3x.

How educated is Farwell, Michigan?

11.4% of adults (25+) in Farwell hold a bachelor's degree or higher, and 4.0% hold a graduate or professional degree.