As of 2025 the population of River Falls is 479. The population is expected to shrink to 473 by 2030 - a growth rate of -0.25%.
The median age of River Falls residents is 47.
The diversity index of River Falls is 30.7, meaning that there is a 31% 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 $62,443 and projected to be $69,633 in 2030. Per capita income is $26,333, projected to be $29,443 in 2030. 0% of households – 0 – have an income of $200,000 or higher. Average net worth is $335,201 and the average disposable income is $49,109.
There are 254 housing units in River Falls; 169 are owner-occupied, 33 are rented, and 52 are vacant. The average home value is $195,370, with 11 homes built in 2010 or later, and 15 built in 1939 or earlier.
There are 22 businesses in River Falls, employing 195 workers and pulling from a labor force of 147 age 16 and above. 26 workers commute into River Falls from outside the county or state. Key industries for the area include:
121 residents both live and work in/around River Falls. The average travel time is 0.0 minutes. 19.01% people have a commute of less than 5 minutes while 2.48% commute 90 minutes or more each way. Of commuters, 121 drive alone, 3 carpool, and 0 take public transportation. 23 use other modes of transport such as motorcycle, bicycle, walking, etc. 0 residents work from home.
224 members of the workforce hold a high school diploma or GED. 44 have associates degrees, 22 have bachelor’s degrees, and 12 hold a graduate or professional degree.
