Cities / Nebraska / Falls City

Falls City, NE

4,124 people

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Population & People

Population

4,124

Median age

40.4

Median household income

$51,706

Poverty rate

11.4%

Unemployment rate

5.3%

Bachelor's degree+

28.2%

Avg. commute

16 min

Hispanic or Latino

2.5%

Source: U.S. Census Bureau, American Community Survey.

Housing & Rent

Median home value

$89,800

Median gross rent

$714/mo

Homeownership rate

73.27%

HUD FMR — 2 bedroom

$1,001

HUD Fair Market Rent (Nebraska statewide average across 93 areas — not specific to Falls City), 2026. Efficiency $706, 1BR $791, 2BR $1001, 3BR $1274, 4BR $1409. This is a different official figure from Census median gross rent above.

Energy

Nebraska commercial electricity

8.79¢/kWh

Nebraska industrial electricity

8¢/kWh

Nebraska residential electricity

12.34¢/kWh

Economy

Gross Domestic Product: All Industry Total

198073.3

Real Gross Domestic Product: All Industry Total

150212.4

All-Transactions House Price Index for Nebraska

551.5

Unemployment Rate

2.9%

Source: FRED, Nebraska-specific series.

Nearby Airports

Sources & Data: National Weather Service (weather, alerts), EPA AirNow (air quality), U.S. Census Bureau (population, housing), HUD (Fair Market Rent), U.S. Energy Information Administration (Nebraska energy prices), Federal Reserve Bank of St. Louis (Nebraska economic indicators), OurAirports (airport directory).