The median household income in Farwell, MI in 2022 was $37,687, which was 77.7% less than the median annual income of $66,986 across the entire state of Michigan. Compared to the median income of $24,583 in 2000 this represents an increase of 34.8%. The per capita income in 2022 was $19,502, which means a constant level compared to 2000 when it was $19,870.
Whole page based on the data from 2000 / 2022 when the population of Farwell, Michigan was 855 / 1,031
Income statistics for all residents
Median household income in Farwell, MI in 2022:
Farwell:
$37,687
State:
$66,986
Change in median household income between 2000 and 2022:
Farwell, Michigan:
+53.3%
State:
+50.0%
Number of households with income < $10k:
Farwell:
11.0% (40)
State:
5.7% (231,223)
Number of households with income $10k - 20k:
Farwell:
18.1% (66)
State:
7.5% (306,955)
Number of households with income $20k - 30k:
Farwell:
9.6% (35)
State:
7.9% (324,153)
Number of households with income $30k - 40k:
Farwell:
13.7% (50)
State:
8.3% (341,408)
Number of households with income $40k - 50k:
Farwell:
10.4% (38)
State:
7.9% (322,255)
Number of households with income $50k - 60k:
Farwell:
5.5% (20)
State:
7.5% (305,914)
Number of households with income $60k - 75k:
Farwell:
10.1% (37)
State:
10.1% (414,440)
Number of households with income $75k - 100k:
Farwell:
10.4% (38)
State:
13.2% (538,299)
Number of households with income $100k - 125k:
Farwell:
6.6% (24)
State:
9.7% (396,282)
Number of households with income $125k - 150k:
Farwell:
2.7% (10)
State:
6.7% (273,144)
Number of households with income $150k - 200k:
Farwell:
0.0% (0)
Michigan:
7.5% (305,077)
Number of households with income > $200k:
Farwell:
1.9% (7)
Michigan:
8.1% (330,644)
Aggregate household income in Farwell in 2022: $18,003,172
Median family income in Farwell in 2022:
Farwell:
$45,979
State:
$85,865
Number of families with income < $10k:
Farwell:
10.6% (22)
Michigan:
3.5% (89,010)
Number of families with income $10k - 20k:
Farwell:
4.3% (9)
State:
3.9% (100,567)
Number of families with income $20k - 30k:
Farwell:
10.1% (21)
Michigan:
5.0% (127,320)
Number of families with income $30k - 40k:
Farwell:
14.5% (30)
State:
6.4% (163,565)
Number of families with income $40k - 50k:
Farwell:
13.7% (28)
State:
6.8% (172,384)
Number of families with income $50k - 60k:
Farwell:
5.9% (12)
State:
7.1% (179,870)
Number of families with income $60k - 75k:
Farwell:
12.1% (25)
State:
10.3% (263,723)
Number of families with income $75k - 100k:
Farwell:
11.2% (23)
State:
15.0% (383,364)
Number of families with income $100k - 125k:
Farwell:
11.4% (24)
State:
11.8% (301,751)
Number of families with income $125k - 150k:
Farwell:
2.9% (6)
State:
8.6% (220,338)
Number of families with income > $200k:
Farwell:
3.4% (7)
Michigan:
11.3% (287,206)
Median non-family income in Farwell in 2022:
Farwell:
$21,292
State:
$40,459
Change in median non-family income between 2000 and 2022:
Farwell, Michigan:
+58.8%
State:
+54.5%
Median per capita income in Farwell in 2022:
Farwell:
$19,502
State:
$38,151
Change in median per capita income between 2000 and 2022:: -1.8%
Farwell, Michigan:
-1.8%
State:
+72.1%
Income statistics for White residents
Median household income in Farwell, MI in 2022:
Farwell:
$36,357
State:
$71,609
Change in median household income between 2000 and 2022:
Farwell, Michigan:
+54.9%
Michigan:
+52.9%
Number of households with income < $10k:
Farwell:
11.9% (39)
State:
4.4% (140,440)
Number of households with income $10k - 20k:
Farwell:
18.2% (60)
State:
6.5% (205,547)
Number of households with income $20k - 30k:
Farwell:
9.7% (32)
State:
7.6% (242,254)
Number of households with income $30k - 40k:
Farwell:
14.9% (49)
State:
8.1% (257,175)
Number of households with income $40k - 50k:
Farwell:
7.3% (24)
State:
7.8% (246,839)
Number of households with income $50k - 60k:
Farwell:
5.8% (19)
Michigan:
7.4% (233,723)
Number of households with income $60k - 75k:
Farwell:
11.2% (37)
Michigan:
10.4% (328,664)
Number of households with income $75k - 100k:
Farwell:
11.2% (37)
Michigan:
13.6% (431,867)
Number of households with income $100k - 125k:
Farwell:
4.6% (15)
Michigan:
10.3% (325,164)
Number of households with income $125k - 150k:
Farwell:
3.0% (10)
State:
7.1% (226,232)
Number of households with income $150k - 200k:
Farwell:
0.0% (0)
Michigan:
8.1% (255,445)
Number of households with income > $200k:
Farwell:
2.1% (7)
State:
8.7% (276,727)
Aggregate household income in Farwell in 2022: $15,869,659
Median family income in Farwell in 2022:
Farwell:
$45,193
Michigan:
$90,317
Number of families with income < $10k:
Farwell:
11.2% (21)
State:
2.5% (49,508)
Number of families with income $10k - 20k:
Farwell:
4.7% (9)
State:
3.2% (64,106)
Number of families with income $20k - 30k:
Farwell:
9.8% (19)
Michigan:
4.6% (91,551)
Number of families with income $30k - 40k:
Farwell:
15.2% (29)
State:
5.9% (117,356)
Number of families with income $40k - 50k:
Farwell:
14.4% (28)
State:
6.4% (127,491)
Number of families with income $50k - 60k:
Farwell:
5.6% (11)
State:
6.8% (135,883)
Number of families with income $60k - 75k:
Farwell:
12.8% (24)
Michigan:
10.5% (209,130)
Number of families with income $75k - 100k:
Farwell:
11.9% (23)
State:
15.5% (309,815)
Number of families with income $100k - 125k:
Farwell:
7.6% (15)
Michigan:
12.4% (248,235)
Number of families with income $125k - 150k:
Farwell:
3.1% (6)
Michigan:
9.2% (182,895)
Number of families with income > $200k:
Farwell:
3.6% (7)
Michigan:
12.0% (239,713)
Median non-family income in Farwell in 2022:
Farwell:
$19,800
State:
$42,438
Change in median non-family income between 2000 and 2022:
Farwell, Michigan:
+47.7%
Michigan:
+56.8%
Median per capita income in Farwell in 2022:
Farwell:
$20,187
Michigan:
$41,514
Change in median per capita income between 2000 and 2022:
Farwell, Michigan:
+0.2%
State:
+75.2%
Income statistics for Black or African American residents
Median per capita income in Farwell in 2022:
Farwell:
$74,242
Michigan:
$25,207
Change in median per capita income between 2000 and 2022:
Farwell, Michigan:
+57.5%
State:
+60.4%
Income statistics for Hispanic or Latino residents
Number of households with income < $10k:
Farwell:
0.0% (0)
State:
6.0% (10,028)
Number of households with income $10k - 20k:
Farwell:
0.0% (0)
State:
6.5% (10,959)
Number of households with income $20k - 30k:
Farwell:
0.0% (0)
State:
9.1% (15,369)
Number of households with income $30k - 40k:
Farwell:
18.8% (3)
Michigan:
7.9% (13,373)
Number of households with income $40k - 50k:
Farwell:
81.2% (13)
Michigan:
9.1% (15,369)
Number of households with income $50k - 60k:
Farwell:
0.0% (0)
State:
8.9% (14,990)
Number of households with income $60k - 75k:
Farwell:
0.0% (0)
State:
11.5% (19,325)
Number of households with income $75k - 100k:
Farwell:
0.0% (0)
Michigan:
14.9% (25,158)
Number of households with income $100k - 125k:
Farwell:
0.0% (0)
Michigan:
8.8% (14,758)
Number of households with income $125k - 150k:
Farwell:
0.0% (0)
State:
5.3% (8,915)
Number of households with income $150k - 200k:
Farwell:
0.0% (0)
State:
6.7% (11,249)
Number of households with income > $200k:
Farwell:
0.0% (0)
State:
5.3% (8,978)
Aggregate household income in Farwell in 2022: $542,896
Median per capita income in Farwell in 2022:
Farwell:
$19,830
State:
$25,462
Income statistics for American Indian and Alaska Native residents
Aggregate household income in Farwell in 2022: $426,160
Median per capita income in Farwell in 2022:
Farwell:
$51,166
Michigan:
$27,661
Income statistics for Multirace residents
Median household income in Farwell, MI in 2022:
Farwell:
$20,176
State:
$63,251
Number of households with income < $10k:
Farwell:
0.0% (0)
State:
6.1% (12,463)
Number of households with income $10k - 20k:
Farwell:
43.8% (7)
Michigan:
8.7% (17,830)
Number of households with income $20k - 30k:
Farwell:
25.0% (4)
State:
7.6% (15,686)
Number of households with income $30k - 40k:
Farwell:
0.0% (0)
State:
9.5% (19,444)
Number of households with income $40k - 50k:
Farwell:
18.8% (3)
Michigan:
7.5% (15,476)
Number of households with income $50k - 60k:
Farwell:
12.5% (2)
State:
8.1% (16,622)
Number of households with income $60k - 75k:
Farwell:
0.0% (0)
State:
10.6% (21,725)
Number of households with income $75k - 100k:
Farwell:
0.0% (0)
State:
14.4% (29,501)
Number of households with income $100k - 125k:
Farwell:
0.0% (0)
State:
8.9% (18,231)
Number of households with income $125k - 150k:
Farwell:
0.0% (0)
State:
5.8% (11,923)
Number of households with income $150k - 200k:
Farwell:
0.0% (0)
Michigan:
6.8% (13,956)
Number of households with income > $200k:
Farwell:
0.0% (0)
State:
6.2% (12,672)
Aggregate household income in Farwell in 2022: $404,699
Median per capita income in Farwell in 2022:
Farwell:
$12,844
State:
$26,098
Income statistics for other residents
Number of households with income < $10k:
Farwell:
0.0% (0)
State:
7.8% (4,680)
Number of households with income $10k - 20k:
Farwell:
0.0% (0)
State:
6.4% (3,815)
Number of households with income $20k - 30k:
Farwell:
0.0% (0)
Michigan:
9.4% (5,582)
Number of households with income $30k - 40k:
Farwell:
0.0% (0)
State:
7.3% (4,338)
Number of households with income $40k - 50k:
Farwell:
100.0% (14)
State:
10.2% (6,092)
Number of households with income $50k - 60k:
Farwell:
0.0% (0)
Michigan:
8.2% (4,875)
Number of households with income $60k - 75k:
Farwell:
0.0% (0)
State:
11.6% (6,923)
Number of households with income $75k - 100k:
Farwell:
0.0% (0)
Michigan:
16.3% (9,741)
Number of households with income $100k - 125k:
Farwell:
0.0% (0)
State:
8.5% (5,050)
Number of households with income $125k - 150k:
Farwell:
0.0% (0)
State:
4.7% (2,776)
Number of households with income $150k - 200k:
Farwell:
0.0% (0)
Michigan:
4.5% (2,682)
Number of households with income > $200k:
Farwell:
0.0% (0)
Michigan:
5.2% (3,111)
Median per capita income in Farwell in 2022:
Farwell:
$26,467
State:
$27,114
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