Farwell village, Nebraska Demographics & Population 2026

Population Overview

Farwell village is a small community located in Nebraska. The total population is 71. It ranks as the 486th most populous out of 584 cities and towns in Nebraska.

Age Demographics

The median age in Farwell village is 47.9 years. This is 29% higher than the state median of 37.1 years.

Economy, Income & Housing

The median household income in Farwell village is $58,125. This is 22% lower than the state median of $74,985. Compared to the national median of $78,538, household income here is 26% lower. The poverty rate stands at 9.9%. This is 4% lower than the state poverty rate of 10.3%. The unemployment rate is 0.0%. This is 100% lower than the state rate of 3.0%. The median home value is $55,000. Housing costs are 75% lower than the state median of $223,800. With a home-value-to-income ratio of just 0.9x, Farwell village is one of the most affordable housing markets in the area. 80.7% of occupied housing units are owner-occupied. This homeownership rate is 21% higher than the state average of 66.5%.

Race & Ethnicity

The largest racial or ethnic group in Farwell village is White (non-Hispanic), making up 83.1% of the population. Hispanic or Latino residents account for 11.3%.

Education

13.2% of residents aged 25 and older hold a bachelor's degree or higher. This is 61% 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 90.6%.

Data Sources & Methodology

All demographic data for Farwell 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.