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Farwell, NE Profile: Facts & Data

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Farwell, Nebraska - Basic Facts

The Village of Farwell had a population of 128 as of July 1, 2025.

The primary coordinate point for Farwell is located at latitude 41.2156 and longitude -98.6281 in Howard County. The formal boundaries for the Village of Farwell encompass a land area of 0.17 sq. miles and a water area of 0 sq. miles. Howard County is in the Central time zone (GMT -6).

The Village of Farwell 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 Farwell is located within Posen Election Precinct, a minor civil division (MCD) of Howard County.


Jump to... (On This Page!)
  1. Farwell 2025 Demographic Data
  2. Growth Rates for Farwell (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 - 2025 Demographics
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Farwell, NE Data & Demographics (As of July 1, 2025)

POPULATION

Total Population 128 (100%)
Population in Households 128 (100.0%)
Population in Families 99 (77.3%)
Population in Group Quarters1 0
Population Density 741
Diversity Index2 16
 
 

INCOME

Median Household Income $49,167
Average Household Income $70,528
% of Income for Mortgage4 0%
Per Capita Income $27,550
Wealth Index5 52
Socioeconomic Status Index6 Moderate (60.0)
 

HOUSING

Total HU (Housing Units) 68 (100%)
Owner Occupied HU 43 (63.2%)
Renter Occupied HU 7 (10.3%)
Vacant Housing Units 18 (26.5%)
Median Home Value $268,750
Average Home Value $252,151
Housing Affordability Index3 0
 

HOUSEHOLDS

Total Households 50
Average Household Size 2.56
Family Households 33
Average Family Size 3.00
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 races 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 % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. 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.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

 2020-2025 2025-2030
Population -1.42% 0.00%
Households 0.00% 0.00%
Families   -1.24%
Median Household Income   5.91%
Per Capita Income   2.22%
Owner Occupied HU   -0.95%

Farwell, NE - Peer Comparisons by Rank and Percentile

The table below compares Farwell to the other 593 incorporated cities, towns and CDPs in Nebraska by rank and percentile using July 1, 2025 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 # 404 32nd
Population Density # 310 48th
Median Household Income # 573 4th
Housing Affordability Index # 183 31st
Per Capita Income # 566 5th
Diversity Index # 388 35th

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

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