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Falls City, Nebraska Demographics & Population 2026

Very AffordableHome value to income ratio of 1.7x is exceptionally low

During the 2020–2024 ACS period, Falls City, Nebraska had a total population of 4,077, the 39th largest city in Nebraska, with a median household income of $51,706, which is 32% lower than the state average. The poverty rate is 11.4%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Falls City Quick Facts

Population 4,077
Median Household Income $51,706
Median Home Value $89,800
Poverty Rate 11.4%
Unemployment Rate 5.3%
Median Age 40.4 years
Homeownership Rate 73.3%
Affordability Ratio 1.7x
Bachelor's Degree or Higher 28.2%
High School Graduation Rate 93.9%
Diversity Index 21/100
Population 4,077 39th of 583
Median Income $51,706 bottom 30%
Poverty Rate 11.4% 8% lower than national
Median Home Value $89,800 bottom 30%

How Falls City Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population4,0994,077-0.5%
Median household income$45,750$51,706+13.0%
Median home value$91,900$89,800-2.3%

How Falls City Compares

Economy & Housing

Household Income Distribution

Under $25K 23.3%
$25K-$50K 24.3%
$50K-$100K 28.4%
$100K+ 23.9%
Detailed income brackets
Under $10K
3.6%
$10K-$15K
6.8%
$15K-$20K
6.2%
$20K-$25K
6.7%
$25K-$30K
5.0%
$30K-$35K
4.0%
$35K-$40K
10.0%
$40K-$45K
3.1%
$45K-$50K
2.3%
$50K-$60K
6.5%
$60K-$75K
10.0%
$75K-$100K
11.9%
$100K-$125K
5.5%
$125K-$150K
4.3%
$150K-$200K
5.9%
$200K+
8.3%

Employment

5.3% Unemployment Rate State: 3.0%|National: 5.2%
57.7% Labor Force Participation

Housing Overview

Owner 73.3%
Renter 26.7%
Affordability Index Very Affordable
1.7x home value to income ratio
Median gross rent $714/mo 16.6% of median household income annually

People & Demographics

Diversity Index

21out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 41 | National average: 61

Education

Falls City Rankings in Nebraska

#39 Population of 583
#416 Median Income of 519
#121 Education of 583
#361 Home Value of 510

Other Cities in Richardson County

CityPopulationMedian IncomePovertyHome Value
Humboldt 775 $41,786 14.4% $67,500
Shubert 214 $37,500 8.5% $61,300
Verdon 185 $78,750 11.9% $55,000
Dawson 166 $60,913 3.7% N/A
Rulo 164 $45,625 9.2% $94,600
Stella 126 $56,250 8.7% $62,500
Salem 102 N/A 8.8% $42,500
Barada 35 N/A 8.6% $69,000
Preston 16 $50,417 0.0% $103,100

Cities Similar to Falls City

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Fairbury3,888$52,995$101,70017.3%14.9%
Cozad3,937$54,471$121,60012.8%10.9%
O'Neill3,570$56,510$153,30022.7%18.5%
Auburn3,470$57,531$98,80024.3%14.1%
Ogallala4,777$58,556$155,80025.3%12.4%

Population Overview

Falls City is a small community located in Nebraska, within Richardson County. The total population is 4,077. It ranks as the 39th most populous out of 583 Census-designated places in Nebraska.

Age Demographics

The median age in Falls City is 40.4 years. This is 9% higher than the state median of 37.2 years. 11.8% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Falls City is $51,706. This is 32% lower than the state median of $76,475. It is also 36% lower than the national median of $80,734. The poverty rate stands at 11.4%. This is 8% higher than the state poverty rate of 10.6%. The unemployment rate is 5.3%. This is 75% higher than the state rate of 3.0%. The median home value is $89,800. Housing costs are 62% lower than the state median of $238,600. With a home-value-to-income ratio of just 1.7x, Falls City is one of the most affordable housing markets in the area. 73.3% of occupied housing units are owner-occupied. This homeownership rate is 10% higher than the state average of 66.5%.

Race & Ethnicity

Falls City has a predominantly White (non-Hispanic) population, comprising 88.5% of all residents. Hispanic or Latino residents account for 2.5%. The Black or African American population (0.4%) is well below the state average of 4.6%. The Hispanic or Latino population (2.5%) is well below the state average of 12.7%. The Asian population (0.2%) is well below the state average of 2.6%.

Education

28.2% of residents aged 25 and older hold a bachelor's degree or higher. This is 18% lower than the state rate of 34.6%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 93.9%.

Data Sources & Methodology

All demographic data for Falls City, Nebraska is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Nebraska state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 583 Census-designated places in Nebraska. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Falls City, Nebraska?

Falls City, Nebraska has a population of 4,077 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Falls City, NE?

The median household income in Falls City is $51,706, which is 36% lower than the national median of $80,734.

What is the poverty rate in Falls City, NE?

The poverty rate in Falls City is 11.4%. This means approximately 454 residents live below the federal poverty line.

What is the racial makeup of Falls City, Nebraska?

Falls City's population is 88.5% White, 0.4% Black, 2.5% Hispanic/Latino, and 0.2% Asian.

What is the median home value in Falls City, NE?

The median home value in Falls City is $89,800. The home-value-to-income ratio is 1.7x.

How educated is Falls City, Nebraska?

28.2% of adults (25+) in Falls City hold a bachelor's degree or higher, and 9.3% hold a graduate or professional degree.