Farnam, NE Profile: Facts & Data

Advertisement

Farnam Local Links & Resources:
Resources | ALL Farnam Content
Planning to visit Farnam? See Local Hotels

Also See: Farnam, NE ZIP Codes & ZIP Code Maps | Local Area Photos

Farnam, Nebraska - Basic Facts

The Village of Farnam had a population of 165 as of July 1, 2019. Farnam ranks in the lower quartile for Population Density and the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Nebraska. See peer rankings below.

The primary coordinate point for Farnam is located at latitude 40.7058 and longitude -100.2149 in Dawson County. The formal boundaries for the Village of Farnam encompass a land area of 0.67 sq. miles and a water area of 0 sq. miles. Dawson County is in the Central time zone (GMT -6). The elevation is 2,753 feet.

The Village of Farnam (GNIS ID: 2398864) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Farnam is located within Farnam Election Precinct, a minor civil division (MCD) of Dawson County.

Alternate Unofficial Names for Farnam: Farnm.

Jump to... (On This Page!)
  1. Farnam 2019 Demographic Data
  2. Growth Rates for Farnam (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Nebraska Research Tools (Easy Tools & Current Data)
  3. Nebraska Data Comparison Tool - 2019 Demographics

Farnam, NE - Most Popular Things to Do

Also See: Nearby Photos | Nearby Hotels | Driving Directions

Use HTL Address Research for a Nebraska Address and get...

Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


Advertisement

Farnam, NE Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Farnam, NE Housing Affordability Index is 227
State of Nebraska Housing Affordability Index is 149
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Farnam, NE Wealth Index is 100
State of Nebraska Wealth Index is 87
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

More Tools and Resources:

  1. For information about schools and school attendance zones, use the HTL Address Tool
  2. Our new HTL Neighborhood Explorer provides lots of detail about any neighborhood.
  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Nebraska COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 165 (100%)
Population in Households 165 (100.0%)
Population in Families 143 (86.7%)
Population in Group Quarters1 0
Population Density 245
Diversity Index2 24
 

INCOME

Median Household Income $73,863
Average Household Income $88,167
Per Capita Income $36,036
Wealth Index4 100

HOUSING

Total Housing Units 98 (100%)
Owner Occupied HU 52 (53.1%)
Renter Occupied HU 20 (20.4%)
Vacant Housing Units 26 (26.5%)
Median Home Value $175,000
Housing Affordability Index3 227
 

HOUSEHOLDS

Total Households 72
Average Household Size 2.29
Family Households 53
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population -0.39% -0.37%
Households -0.3% -0.28%
Families 1.08% -0.38%
Median Household Income   2.26%
Per Capita Income   2.18%

Farnam, NE - Peer Comparisons by Rank and Percentile

The table below compares Farnam to the other 580 incorporated cities, towns and CDPs in Nebraska by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 380 35th
Population Density # 501 14th
Diversity Index # 112 81st
Median Household Income # 69 88th
Per Capita Income # 72 88th

Additional comparisons and rankings can be made with a VERY EASY TO USE Nebraska Census Data Comparison Tool.

Quick & Easy Ways to...

  1. Get Current Demographic Data for Cities, Towns, and ZIP Codes
  2. View Boundary Maps, for Cities, Towns, and ZIP Codes
  3. Locate Physical, Cultural, and Historical Features

Nebraska Census Data Comparison Tool

Compare Nebraska July 1, 2019 Data
Data:
Locations:
Highest or Lowest:
Results:
Advertisement