Apartments for rent in Farwell, MI

Farwell is a small town in Michigan with a population of approximately 1,000. Middle-aged professionals make up a larger portion of the population here (46%) than nationally (38%), meaning they will find plenty of activities, while young professionals are less well-represented. Overall, the town's population, at an average age of just under 45, skews older than most cities in Michigan. Renters tend to be in the minority in the town, and 79% of residents own their homes. With a relatively low average rent of $691/month in the town, renting remains an affordable option, particularly compared to other cities in Michigan. Over the course of a year, renters in Farwell will save around $2,200 compared to the state average.

There are three primary industries in Farwell: entertainment, manufacturing, and retail. Combined, these industries make up 17% of the workforce in the town. Meanwhile, in terms of job function, many workers in these industries are in management, as 6% of the town's population reports this as their field of work, the highest number of any career path. With an average annual income of just over $48,000, Farwell workers earn about $14,000 less than their peers elsewhere in the state. Farwell's average income also falls below the national average ($73,345). Compared to the national average, Farwell has a high number of residents older than 25 who have a high school degree or GED (32%). In addition, 7% possess a Bachelor's degree and 3% have earned a Master's degree or Doctorate.

With an average commute time of about 29 minutes, slower than most cities in the state, Farwell residents know that it takes some patience getting to work. Driving a vehicle is the prevailing mode of getting to work, selected by 39% of commuters, while public transportation isn't used. Relatively few workers commute on foot.