Falls City, NE Profile: Facts & Data

The City of Falls City had a population of 4,070 as of July 1, 2023. Falls City ranks in the upper quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Nebraska. See peer rankings below.

The primary coordinate point for Falls City is located at latitude 40.0608 and longitude -95.6019 in Richardson County. The formal boundaries for the City of Falls City encompass a land area of 3.33 sq. miles and a water area of 0 sq. miles. Richardson County is in the Central time zone (GMT -6).

The City of Falls City has a C5 Census Class Code which indicates an active incorporated place that is independent of any county subdivision and serves as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Falls City is located within , a minor civil division (MCD) of Richardson County.

Falls City, NE Data & Demographics (As of July 1, 2023)

POPULATION
Total Population	4,070 (100%)
Population in Households	3,965 (97.4%)
Population in Families	3,000 (73.7%)
Population in Group Quarters¹	105 ( 2.6%)
Population Density	1,218
Diversity Index²	24


INCOME
Median Household Income	$43,437
Average Household Income	$61,685
% of Income for Mortgage⁴	13%
Per Capita Income	$27,556
Wealth Index⁵	47
Socioeconomic Status Index⁶	Moderate (54.2)

HOUSING
Total HU (Housing Units)	2,124 (100%)
Owner Occupied HU	1,371 (64.5%)
Renter Occupied HU	445 (21.0%)
Vacant Housing Units	308 (14.5%)
Median Home Value	$93,613
Average Home Value	$183,625
Housing Affordability Index³	175

HOUSEHOLDS
Total Households	1,816
Average Household Size	2.18
Family Households	1,031
Average Family Size	3.00

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.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Falls City, NE - Peer Comparisons by Rank and Percentile

The table below compares Falls City to the other 590 incorporated cities, towns and CDPs in Nebraska by rank and percentile using July 1, 2023 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	2020-2023	2023-2028
Population	-0.47%	-0.38%
Households	-0.07%	-0.10%
Families		-0.19%
Median Household Income		2.20%
Per Capita Income		2.77%
Owner Occupied HU		0.13%

Variable Description	Rank	Percentile
Total Population	# 39	94th
Population Density	# 139	77th
Median Household Income	# 567	4th
Housing Affordability Index	# 488	83rd
Per Capita Income	# 553	6th
Diversity Index	# 184	69th

Falls City, NE Profile: Facts & Data

Falls City, Nebraska - Basic Facts

Falls City, NE Data & Demographics (As of July 1, 2023)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Falls City, NE - Peer Comparisons by Rank and Percentile

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