| Index | Farnam | Nebraska | National |
| Average Test Scores | n/a | 53% | 48% |
| Student/Teacher ratio | n/a | 13:1 | 16:1 |
| Total public schools | n/a | 780 | 79,221 |
| Total private schools | n/a | 182 | 24,874 |
| Total post-secondary schools | n/a | 56 | 7,963 |
| Index | Farnam | Nebraska | National |
| Completed 8th grade | 95.2% | 88.4% | 84.3% |
| Completed high school | 93.5% | 87.2% | 83.0% |
| Completed some college | 59.7% | 63.7% | 59.4% |
| Completed associate degree | 35.5% | 40.1% | 38.5% |
| Completed bachelors | 16.7% | 30.0% | 30.3% |
| Completed masters | 7.5% | 9.9% | 11.5% |
| Completed professional degree | 4.8% | 2.9% | 3.3% |
| Completed doctorate | 3.8% | 1.2% | 1.3% |
There are a total of n/a public schools, n/a private schools and n/a post-secondary schools in Farnam. Using the proficiency score averages, the average test scores for Farnam, NE schools is n/a. The average student to teacher ratio is n/a. In Farnam, NE, an average of 95.2% of students have completed 8th grade and an average of 93.5% have completed high school.
| City | Population | Avg. Test Scores | National Avg. |
| Eustis, NE | 502 | 45% | 6.3% |
| Cozad, NE | 3,776 | 40% | 16.0% |
| Farnam, NE | 173 | n/a |
| City | Population | Avg. Test Scores | National Avg. |
| Daykin, NE | 173 | 42% | 12.0% |
| Rexford, KS | 173 | 35% | 27.1% |
| Seboyeta, NM | 173 | 20% | 58.3% |
| Bosworth, MO | 173 | 50% | 4.2% |
| Dubois, IN | 173 | 54% | 13.2% |
| Farnam, NE | 173 | n/a |
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