Living in Farwell, Pennsylvania
Cost of living, income, home prices, rent and demographics of Farwell · Census data 2020–2024
Farwell has 429 residents with a median age of 50.4. The median household income is $49,467 (37% lower than the Pennsylvania median), the median home value is $176,700, the median rent is $983/month.
Farwell is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Farwell at a glance
- Population
- 429
- Median age
- 50.4State: 40.9
- Median household income
- $49,467State: $77,971
- Median home value
- $176,700State: $254,500
- Median rent
- $983/moState: $1,209
- Homeowners
- 90.1%
- Bachelor's degree or higher
- 15.7%
- Average commute
- 21 min
Is Farwell a good place to live?
Pros: Home values 31% lower than the state median; an average commute of 21 minutes; a poverty rate of 5.1%.
Cons: Median household income 37% lower than the Pennsylvania median; unemployment of 6.7%.
The weather is best in June to September.
Cost of living in Farwell
Housing is the biggest part of the cost of living. In Farwell the median home value is $176,700, 47% lower than the U.S. median. Renters pay a median of $983 per month, which is 51% of household income. Homeowners with a mortgage pay $1,105 a month in housing costs.
Farwell median household income
The median household income in Farwell is $49,467 and the income per person is $41,103. 5.1% of residents live below the poverty line (Pennsylvania: 11.7%).
Housing in Farwell: homes for sale and rent
- Housing units
- 249
- Owner-occupied
- 90.1%
- Renter-occupied
- 9.9%
- Vacant
- 6.4%Includes seasonal homes
- Median year built
- 1974
- Average household size
- 1.84
Farwell demographics
- Population
- 429
- Median age
- 50.4
- Under 18
- 14.5%
- 65 and older
- 29.6%
- Households
- 233
- Foreign-born
- 0%
- Veterans
- 9.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Farwell ›
Education in Farwell
15.7% of adults 25 and older in Farwell have a bachelor's degree or higher (Pennsylvania: 35.2%), and 10.1% have a graduate or professional degree.
Jobs and commute in Farwell
- Unemployment rate
- 6.7%State: 5.3%
- Average commute
- 21 minState: 26 min
- Work from home
- 4.5%
- Drive alone
- 90.5%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 87.1%
Farwell vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Farwell | 429 | $49,467 | $176,700 | $983 |
| South Renovo | 409 | $42,083 | $60,600 | $988 |
| North Bend | 313 | $67,083 | $106,700 | $888 |
| Renovo | 1,045 | $27,716 | $59,200 | $682 |
| Hyner | 127 | $131,250 | $215,600 | — |
| Chapman | 1,058 | $53,938 | $145,300 | $907 |
| Noyes | 391 | $53,542 | $98,400 | — |
| Leidy | 176 | $44,375 | $116,400 | — |
| Beech Creek | 900 | $75,268 | $223,000 | $1,092 |
More for people moving to Farwell
Farwell ZIP code ›Weather and climate ›Living in Farwell: FAQ
What is the median household income in Farwell, PA?
The median household income in Farwell is $49,467, 37% lower than the Pennsylvania median of $77,971 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Farwell?
The median home value in Farwell is $176,700, compared with $254,500 in Pennsylvania.
How much is rent in Farwell?
The median gross rent in Farwell is $983 per month, about 51% of household income.
Is Farwell, PA a good place to live?
Pluses: home values 31% lower than the state median; an average commute of 21 minutes; a poverty rate of 5.1%. Minuses: median household income 37% lower than the Pennsylvania median; unemployment of 6.7%.
What is the median age in Farwell?
The median age in Farwell is 50.4 years (Pennsylvania: 40.9).
How long is the commute in Farwell?
The average commute to work in Farwell is 21 minutes; 4.5% of workers work from home.
What is the unemployment rate in Farwell?
The unemployment rate in Farwell is 6.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Farwell?
15.7% of adults in Farwell 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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