As of 2024 the population of River Falls is 479. The population is expected to shrink to 473 by 2029 - a growth rate of -0.25%.
The median age of River Falls residents is 49.
The diversity index of River Falls is 28.1, meaning that there is a 28% chance that any two people selected out of 100 residents will be of different race or ethnicity from one another.
The average household income in River Falls is $57,844 and projected to be $67,262 in 2029. Per capita income is $24,393, projected to be $28,441 in 2029. 0% of households – 0 – have an income of $200,000 or higher. Average net worth is $293,122 and the average disposable income is $49,550.
There are 254 housing units in River Falls; 175 are owner-occupied, 27 are rented, and 52 are vacant. The average home value is $211,000, with 12 homes built in 2010 or later, and 3 built in 1939 or earlier.
There are 19 businesses in River Falls, employing 144 workers and pulling from a labor force of 145 age 16 and above. 23 workers commute into River Falls from outside the county or state. Key industries for the area include:
116 residents both live and work in/around River Falls. The average travel time is 0.0 minutes. 17.24% people have a commute of less than 5 minutes while 1.72% commute 90 minutes or more each way. Of commuters, 123 drive alone, 2 carpool, and 0 take public transportation. 20 use other modes of transport such as motorcycle, bicycle, walking, etc. 0 residents work from home.
197 members of the workforce hold a high school diploma or GED. 55 have associates degrees, 26 have bachelor’s degrees, and 17 hold a graduate or professional degree.
