Ericson, NE Profile: Facts & Data

The Village of Ericson had a population of 118 as of July 1, 2023. Ericson ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Nebraska. See peer rankings below.

The primary coordinate point for Ericson is located at latitude 41.78 and longitude -98.6773 in Wheeler County. The formal boundaries for the Village of Ericson encompass a land area of 0.38 sq. miles and a water area of 0 sq. miles. Wheeler County is in the Central time zone (GMT -6).

The Village of Ericson has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

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

POPULATION
Total Population	118 (100%)
Population in Households	118 (100.0%)
Population in Families	62 (52.5%)
Population in Group Quarters¹	0
Population Density	315
Diversity Index²	8


INCOME
Median Household Income	$57,250
Average Household Income	$74,339
% of Income for Mortgage⁴	0%
Per Capita Income	$34,649
Wealth Index⁵	64
Socioeconomic Status Index⁶	Moderate (47.8)

HOUSING
Total HU (Housing Units)	61 (100%)
Owner Occupied HU	37 (60.7%)
Renter Occupied HU	18 (29.5%)
Vacant Housing Units	6 ( 9.8%)
Median Home Value	$225,000
Average Home Value	$235,811
Housing Affordability Index³	0

HOUSEHOLDS
Total Households	55
Average Household Size	2.15
Family Households	26
Average Family Size	2.00

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.

Ericson, NE - Peer Comparisons by Rank and Percentile

The table below compares Ericson 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	9.07%	-0.86%
Households	1.15%	-0.74%
Families		0.00%
Median Household Income		-1.86%
Per Capita Income		1.75%
Owner Occupied HU		-2.86%

Variable Description	Rank	Percentile
Total Population	# 419	29th
Population Density	# 468	21st
Median Household Income	# 440	26th
Housing Affordability Index	# 121	21st
Per Capita Income	# 374	37th
Diversity Index	# 533	10th

Ericson, NE Profile: Facts & Data

Ericson, Nebraska - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Ericson, NE - Peer Comparisons by Rank and Percentile

Ericson, NE - Most Popular Things to Do

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