Farrell, MS Profile: Facts & Data

The Farrell CDP⁽¹⁾ had a population of 256 as of July 1, 2021. Farrell ranks in the lower quartile for Population Density and the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Mississippi. See peer rankings below.

The primary coordinate point for Farrell is located at latitude 34.2643 and longitude -90.6723 in Coahoma County. The formal boundaries for the Farrell Census Designated Place encompass a land area of 1.3 sq. miles and a water area of 0 sq. miles. Coahoma County is in the Central time zone (GMT -6). The elevation is 167 feet.

The Farrell Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Farrell, MS Data & Demographics (As of July 1, 2021)

POPULATION
Total Population	256 (100%)
Population in Households	250 (97.7%)
Population in Families	209 (81.6%)
Population in Group Quarters¹	6 ( 2.3%)
Population Density	197
Diversity Index²	56


INCOME
Median Household Income	$36,875
Average Household Income	$48,759
% of Income for Mortgage⁴	7%
Per Capita Income	$19,746
Wealth Index⁵	42

HOUSING
Total HU (Housing Units)	101 (100%)
Owner Occupied HU	74 (73.3%)
Renter Occupied HU	25 (24.8%)
Vacant Housing Units	2 ( 2.0%)
Median Home Value	$62,500
Average Home Value	$98,288
Housing Affordability Index³	350

HOUSEHOLDS
Total Households	99
Average Household Size	2.53
Family Households	66
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Farrell, MS - Peer Comparisons by Rank and Percentile

The table below compares Farrell to the other 362 incorporated cities, towns and CDPs in Mississippi by rank and percentile using July 1, 2021 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2021	2021-2026
Population	1.44%	0.08%
Households	1.69%	0.0%
Families	0.85%	0.0%
Median Household Income		0.88%
Per Capita Income		2.1%
Owner Occupied HU		0.27%

Variable Description	Rank	Percentile
Total Population	# 322	11th
Population Density	# 297	18th
Median Household Income	# 187	49th
Housing Affordability Index	# 359	99th
Per Capita Income	# 199	45th
Diversity Index	# 62	84th

Farrell, MS Profile: Facts & Data

Farrell, Mississippi - Basic Facts

Farrell, MS Data & Demographics (As of July 1, 2021)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Farrell, MS - Peer Comparisons by Rank and Percentile

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