Farnam village, Nebraska Demographics & Population 2026

Population Overview

Farnam village is a small community located in Nebraska. The total population is 169. It ranks as the 381st most populous out of 584 cities and towns in Nebraska.

Age Demographics

The median age in Farnam village is 36.8 years. This is about average than the state median of 37.1 years. 21.3% 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 Farnam village is $46,500. This is 38% lower than the state median of $74,985. Compared to the national median of $78,538, household income here is 41% lower. The poverty rate stands at 22.5%. This is 118% higher than the state poverty rate of 10.3%. 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 0.0%. This is 100% lower than the state rate of 3.0%. The median home value is $72,100. Housing costs are 68% lower than the state median of $223,800. With a home-value-to-income ratio of just 1.6x, Farnam village is one of the most affordable housing markets in the area. 72.4% of occupied housing units are owner-occupied. This homeownership rate is 9% higher than the state average of 66.5%.

Race & Ethnicity

Farnam village has a predominantly White (non-Hispanic) population, comprising 97.0% of all residents.

Education

24.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 29% lower than the state rate of 34.1%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 87.2%. Notably, 15.0% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Farnam village, Nebraska is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Nebraska state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 584 Census-designated places in Nebraska. For official data, visit data.census.gov.