Cost of Living in Farwell, MN
Population: 37 | Minnesota
Farwell is 18% less expensive than the national average.
Cost of Living in Farwell, MN: What You Need to Know
With a cost of living index of 82, Farwell, MN is a very affordable place to live. Living here is 18% cheaper than the national average and in line with the Minnesota state average. Farwell is a small community of 37 residents.
The median household income in Farwell is $58,500, which is 22% lower than the national median of $75,149. Lower incomes here are balanced by the significantly lower cost of living, stretching each dollar further.
Data sources: US Census Bureau (ACS 2023), Zillow Home Values, HUD Fair Market Rents, BEA Regional Price Parities, BLS Average Prices, and NOAA Climate Normals. Updated monthly.
Income
- Median Household Income
- $58,500
- vs US Median ($75,149)
- -22%
Housing
- Median Home Value
- $104,200
- Median Monthly Housing Cost
- $600/mo