Farnam is located close to the center of Nebraska. Farnam is between the Dawson, Frontier, Lincoln county. Farnam has 0.67 square miles of land area and has no water area. As of 2010-2014, the total Farnam population is 233, which has grown 4.48% since 2000. The population growth rate is lower than the state average rate of 8.44% and is much lower than the national average rate of 11.61%. Farnam median household income is $45,938 in 2010-2014 and has grown by 88.84% since 2000. The income growth rate is much higher than the state average rate of 33.50% and is much higher than the national average rate of 27.36%. Farnam median house value is $41,500 in 2010-2014 and has grown by 4.80% since 2000. The house value growth rate is much lower than the state average rate of 47.84% and is much lower than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Farnam is close to the state average in quality. The Farnam area code is 308.