In 2023, Farwell, NE had a population of 71 people with a median age of 47.9 and a median household income of $58,125. Between 2022 and 2023 the population of Farwell, NE declined from 72 to 71, a −1.39% decrease and its median household income grew from $48,125 to $58,125, a 20.8% increase.
The 5 largest ethnic groups in Farwell, NE are White (Non-Hispanic) (83.1%), White (Hispanic) (7.04%), Two+ (Non-Hispanic) (5.63%), Other (Hispanic) (4.23%), and Black or African American (Non-Hispanic) (0%).
None of the households in Farwell, NE reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.
100% of the residents in Farwell, NE are U.S. citizens.
In 2023, the median property value in Farwell, NE was $55,000, and the homeownership rate was 80.6%.
Most people in Farwell, NE drove alone to work, and the average commute time was 46.3 minutes. The average car ownership in Farwell, NE was 3 cars per household.