The Village of Marwayne is located in the County of Vermilion River, approximately 44 kms northwest of Lloydminster, and 240 kms east of Edmonton . The community is situated along the south side of a former Canadian Pacific Railway line and approximately 18 kms north of the Yellowhead Trans-Canada Highway 16 which connects to Lloydminster, Edmonton, and beyond. Alberta Highway 45 connects Marwayne with the Saskatchewan border to the east, and Alberta Highway 897 connects Marwayne with the City of Cold Lake to the north and the Village of Kitscoty to the south.

Throughout most of the 20th century, agriculture was the economic base for many of the residents of the Village of Marwayne and this industry remains the economic backbone for the surrounding area. The past several decades has witnessed significant economic diversification into the manufacturing and oil and gas sectors. Oil and gas exploration and pipeline development occur in the vicinity of the Village of Marwayne. During Alberta’s boom years up until 2014, oil and gas drilling activity was very strong around Marwayne. Marwayne’s major businesses are involved in providing services to the region’s primary industries, such as agriculture, oil and gas and related products.

Over the years, Marwayne has been upgrading municipal infrastructure and transforming into a community offering an excellent quality of life. Municipal infrastructure has been upgraded in the downtown area with an award-winning streetscape with new sidewalks, lighting, boulevards and signage. A series of community amenities and recreational facilities are constructed and upgraded in recent years. Community events, such as the Harvest Day and Winter Festival, are hosted every year attracting people from the region and broader area.