Farwell, MI
974Residents
$42,188Median household income
$513/moMedian gross rent
$98,700Median home value
43.1Median age
11%Adults with a bachelor’s degree or higher
69%Homes lived in by their owners
2.3×Home value to household income
Median rent takes about 15% of the median household income in Farwell.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $21,000 a year. In Michigan that leaves roughly $1,501 a month after tax. See the full paycheck breakdown for $30,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.