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Farnam, Nebraska Demographics & Population 2026

During the 2020–2024 ACS period, Farnam, Nebraska had a total population of 257, the 312th largest village in Nebraska, with a median household income of $45,417, which is 41% lower than the state average. The poverty rate is 32.4%.

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

Key Takeaways

Farnam Quick Facts

Population 257
Median Household Income $45,417
Median Home Value $62,800
Poverty Rate 32.4%
Unemployment Rate 0.0%
Median Age 28.8 years
Homeownership Rate 67.1%
Affordability Ratio 1.4x
Bachelor's Degree or Higher 14.3%
High School Graduation Rate 93.6%
Diversity Index 19/100
Population 257 312th of 583
Median Income $45,417 bottom 20%
Poverty Rate 32.4% 160% higher than national
Median Home Value $62,800 bottom 20%

How Farnam 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
Population169257+52.1%
Median household income$46,500$45,417-2.3%
Median home value$72,100$62,800-12.9%

How Farnam Compares

Economy & Housing

Household Income Distribution

Under $25K 22.4%
$25K-$50K 30.6%
$50K-$100K 35.3%
$100K+ 11.8%
Detailed income brackets
Under $10K
4.7%
$10K-$15K
2.4%
$15K-$20K
7.1%
$20K-$25K
8.2%
$25K-$30K
10.6%
$30K-$35K
9.4%
$35K-$40K
4.7%
$40K-$45K
2.4%
$45K-$50K
3.5%
$50K-$60K
5.9%
$60K-$75K
14.1%
$75K-$100K
15.3%
$100K-$125K
1.2%
$125K-$150K
2.4%
$150K-$200K
2.4%
$200K+
5.9%

Employment

0.0% Unemployment Rate State: 3.0%|National: 5.2%
64.7% Labor Force Participation

Housing Overview

Owner 67.1%
Renter 32.9%
Affordability Index Very Affordable
1.4x home value to income ratio
Median gross rent $820/mo 21.7% of median household income annually

People & Demographics

Diversity Index

19out of 100
Very Low Diversity

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

State average: 41 | National average: 61

Education

Farnam Rankings in Nebraska

#312 Population of 583
#466 Median Income of 519
#400 Education of 583
#448 Home Value of 510

Other Cities in Dawson County

CityPopulationMedian IncomePovertyHome Value
Lexington 10,862 $67,666 13.8% $159,100
Cozad 3,937 $54,471 10.9% $121,600
Gothenburg 3,452 $79,219 10.1% $191,000
Overton 689 $55,000 11.6% $105,100
Sumner 353 $70,000 2.0% $95,800
Eddyville 125 $95,461 1.6% $102,500

Cities Similar to Farnam

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

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Gresham249$45,938$71,1008.5%14.6%
Table Rock255$49,844$73,30021.4%26.1%
North Loup238$49,167$55,60022.7%18.1%
Jackson273$51,250$196,90014.0%5.1%
Belgrade224N/A$42,90012.9%16.1%

A note before these figures: with a population of 257, Farnam'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

Farnam is a small community located in Nebraska, within Dawson County. The total population is 257. It ranks as the 312th most populous out of 583 Census-designated places in Nebraska.

Age Demographics

The median age in Farnam is 28.8 years. This is 23% lower than the state median of 37.2 years. With 33.1% of the population under 18, Farnam has a notably young demographic profile, suggesting a family-oriented community. 10.1% 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 is $45,417. This is 41% lower than the state median of $76,475. It is also 44% lower than the national median of $80,734. The poverty rate stands at 32.4%. This is 206% higher than the state poverty rate of 10.6%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The survey records no unemployed residents in Farnam, which reflects the size of the sample rather than a labor market without joblessness. The median home value is $62,800. Housing costs are 74% lower than the state median of $238,600. With a home-value-to-income ratio of just 1.4x, Farnam is one of the most affordable housing markets in the area. 67.1% of occupied housing units are owner-occupied.

Race & Ethnicity

Farnam has a predominantly White (non-Hispanic) population, comprising 89.9% of all residents. Black or African American residents account for 5.1%. The Hispanic or Latino population (1.2%) is well below the state average of 12.7%.

Education

14.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 59% lower than the state rate of 34.6%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.6%.

Data Sources & Methodology

All demographic data for Farnam, Nebraska 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 Nebraska state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 583 Census-designated places in Nebraska. 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 Farnam, Nebraska?

Farnam, Nebraska has a population of 257 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Farnam, NE?

The median household income in Farnam is $45,417, which is 44% lower than the national median of $80,734.

What is the poverty rate in Farnam, NE?

The poverty rate in Farnam is 32.4%. This means approximately 83 residents live below the federal poverty line.

What is the racial makeup of Farnam, Nebraska?

Farnam's population is 89.9% White, 5.1% Black, 1.2% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Farnam, NE?

The median home value in Farnam is $62,800. The home-value-to-income ratio is 1.4x.

How educated is Farnam, Nebraska?

14.3% of adults (25+) in Farnam hold a bachelor's degree or higher, and 7.9% hold a graduate or professional degree.