Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 49.8 yrs |
|---|---|
| Avg HH Size | 2.56 |
| Below Poverty | 15.6% ▲ 56% above avg |
| College Grads | 30.5% ▼ 21% below avg |
| Unemployment | 6.6% ▲ 34% above avg |
| No HS Diploma | 66 (1.5%) |
| HS Graduate | 1,702 (39.9%) |
| Some College | 635 (14.9%) |
| Associates | 563 (13.2%) |
| Bachelors | 500 (11.7%) |
| Graduate Degree | 801 (18.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $57,500 ▼ 25% below avg |
|---|---|
| Median Home Value | $123,600 ▼ 56% below avg |
| Home/Income Ratio | 2.1x (nat avg ~3.5x) |
| Median Rent | $754/mo |
| Total Housing Units | 3,213 |
| Vacant Units | 919 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Farwell is a city in Michigan, located in Clare County. The city spans 1 ZIP code and is home to approximately 5,970 residents. It is a mature city, with a median age of 49.8 years.
Economically, Farwell is a solidly middle-class community. The median household income of $57,500 is below the national average. Approximately 15.6% of residents live below the poverty line. The unemployment rate is 6.6%, above the national average.
The real estate market in Farwell is one of the more affordable housing markets in the country. Median home values stand at $123,600, which is well below the national average. Renters typically pay around $754 per month. Homeownership is high at 88.7%, typical of suburban and family-oriented communities.
The population of Farwell is moderately educated. 30.5% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (90.64%).
Farwell, MI offers residents a cost-conscious lifestyle within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 48622 | 5,970 | $57,500 | $123,600 | $754 | 6.6% | 30.5% | 88.7% |