This section is generated from cached city metrics and clearly labeled state-level benchmarks. It is meant to make the Farwell page less generic and more useful for comparing housing, income, utilities, taxes, insurance, demographics, and nearby alternatives.
Affordability Summary
Population is 1,359, so Farwell should be compared with similar-size places before using broader Texas averages. Median household income is $56,932, so the best affordability read for Farwell is income versus housing, taxes, utilities, and insurance together.
Median home value is $129,800, so ownership costs in Farwell should be checked with mortgage, property tax, insurance, and maintenance assumptions. Two-bedroom rent is $1,153/mo, so renters can compare Farwell against ownership costs and nearby rental markets.
Housing and Income Context
For Farwell, income sits in the middle range, making recurring bills worth watching. Home values are comparatively low, but maintenance, taxes, and utilities still matter.
Use the home value, rent, and income fields together before deciding whether Farwell looks more favorable for renting, buying, or comparing with Friona, TX.
Utility Cost Context
The residential electricity benchmark is $0.164/kWh, so Farwell households should treat usage, home size, heating, and cooling as the practical bill drivers. The electricity value shown for Farwell is a Texas state-level EIA benchmark, so it should not be read as a local provider tariff.
For Farwell, utility planning is stronger when the electric benchmark is paired with home age, square footage, insulation, HVAC equipment, and household occupancy.
Property Tax Context
Median property tax paid is $1,750, so Farwell buyers should still verify parcel-specific tax records before budgeting. Parcel boundaries, exemptions, school districts, and reassessment rules can move the actual bill for a Farwell address.
Compare the property tax field with home value rather than reading it by itself; a lower tax bill can still pair with a different assessment base or exemption profile.
Insurance and Risk Context
Insurance costs in Farwell depend on address-level factors such as roof condition, structure age, coverage limits, claims history, deductible choice, and carrier underwriting.
Home value, tax burden, and insurance exposure should be reviewed together for Farwell, especially when comparing with Friona, TX.
Population and Demographics
Median age is 32.2, so Farwell may have different school, commute, healthcare, and housing demand patterns than a statewide average. Bachelor+ share is 19.5%, so Farwell education context can be useful when reading labor-market and school sections.
Unemployment is 4.3%, so Farwell wage and job-market context should be compared with commute options and regional employment centers.
