Living in Farnham, New York
Cost of living, income, home prices, rent and demographics of Farnham · Census data 2020–2024
Farnham has 435 residents with a median age of 43.3. The median household income is $97,857 (14% higher than the New York median), the median home value is $134,400, the median rent is $1,057/month.
Farnham is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Farnham at a glance
- Population
- 435
- Median age
- 43.3State: 39.8
- Median household income
- $97,857State: $85,974
- Median home value
- $134,400State: $423,800
- Median rent
- $1,057/moState: $1,621
- Homeowners
- 73.8%
- Bachelor's degree or higher
- 12.9%
- Average commute
- 28 min
Is Farnham a good place to live?
Pros: Median household income 14% higher than the New York median; home values 68% lower than the state median; an average commute of 28 minutes; unemployment of 1.9%.
Cons: A poverty rate of 16%.
The weather is best in June to September.
Cost of living in Farnham
Housing is the biggest part of the cost of living. In Farnham the median home value is $134,400, 60% lower than the U.S. median. Renters pay a median of $1,057 per month, which is 51% of household income. Homeowners with a mortgage pay $1,168 a month in housing costs.
Farnham median household income
The median household income in Farnham is $97,857 and the income per person is $34,736. 16% of residents live below the poverty line (New York: 14%).
Housing in Farnham: homes for sale and rent
- Housing units
- 172
- Owner-occupied
- 73.8%
- Renter-occupied
- 26.2%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1938
- Average household size
- 2.33
Farnham demographics
- Population
- 435
- Median age
- 43.3
- Under 18
- 18.4%
- 65 and older
- 16.6%
- Households
- 172
- Foreign-born
- 0%
- Veterans
- 4.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Farnham ›
Education in Farnham
12.9% of adults 25 and older in Farnham have a bachelor's degree or higher (New York: 40.2%), and 4.7% have a graduate or professional degree.
Jobs and commute in Farnham
- Unemployment rate
- 1.9%State: 6.4%
- Average commute
- 28 minState: 33 min
- Work from home
- 8.5%
- Drive alone
- 78.5%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 95.3%
Farnham vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Farnham | 435 | $97,857 | $134,400 | $1,057 |
| Lake Erie Beach | 3,279 | $59,968 | $162,500 | — |
| Sunset Bay | 384 | $66,731 | $245,000 | — |
| Angola | 2,411 | $81,108 | $165,600 | $841 |
| Angola on the Lake | 1,707 | $54,743 | $160,800 | $1,508 |
| Silver Creek | 2,604 | $63,854 | $125,400 | $967 |
| North Collins | 1,081 | $66,607 | $123,100 | $853 |
| Highland-on-the-Lake | 3,584 | $87,800 | $186,300 | $1,000 |
| Eden | 3,113 | $84,900 | $237,200 | $841 |
More for people moving to Farnham
Farnham ZIP code ›Weather and climate ›Living in Farnham: FAQ
What is the median household income in Farnham, NY?
The median household income in Farnham is $97,857, 14% higher than the New York median of $85,974 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Farnham?
The median home value in Farnham is $134,400, compared with $423,800 in New York.
How much is rent in Farnham?
The median gross rent in Farnham is $1,057 per month, about 51% of household income.
Is Farnham, NY a good place to live?
Pluses: median household income 14% higher than the New York median; home values 68% lower than the state median; an average commute of 28 minutes; unemployment of 1.9%. Minuses: a poverty rate of 16%.
What is the median age in Farnham?
The median age in Farnham is 43.3 years (New York: 39.8).
How long is the commute in Farnham?
The average commute to work in Farnham is 28 minutes; 8.5% of workers work from home.
What is the unemployment rate in Farnham?
The unemployment rate in Farnham is 1.9% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Farnham?
12.9% of adults in Farnham have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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