Waco, NE Profile: Facts & Data

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Waco, Nebraska - Basic Facts

The Village of Waco had a population of 243 as of July 1, 2023.

The primary coordinate point for Waco is located at latitude 40.897 and longitude -97.4634 in York County. The formal boundaries for the Village of Waco encompass a land area of 0.23 sq. miles and a water area of 0 sq. miles. York County is in the Central time zone (GMT -6).

The Village of Waco 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.

The Village of Waco is located within Waco Election Precinct, a minor civil division (MCD) of York County.


Jump to... (On This Page!)
  1. Waco 2023 Demographic Data
  2. Growth Rates for Waco (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Nebraska Research Tools (Easy Tools & Current Data)
  3. Nebraska Data Comparison Tool - 2023 Demographics
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Waco, NE Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 243 (100%)
Population in Households 204 (84.0%)
Population in Families 160 (65.8%)
Population in Group Quarters1 39 (16.0%)
Population Density 983
Diversity Index2 19
 
 

INCOME

Median Household Income $79,255
Average Household Income $96,619
% of Income for Mortgage4 15%
Per Capita Income $41,902
Wealth Index5 96
Socioeconomic Status Index6 Moderate (60.8)
 

HOUSING

Total HU (Housing Units) 115 (100%)
Owner Occupied HU 87 (75.7%)
Renter Occupied HU 18 (15.7%)
Vacant Housing Units 10 ( 8.7%)
Median Home Value $201,563
Average Home Value $207,471
Housing Affordability Index3 157
 

HOUSEHOLDS

Total Households 105
Average Household Size 1.94
Family Households 53
Average Family Size 3.00
NOTES
  1. 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.
  2. 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.
  3. 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.
  4. 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).
  5. 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.
  6. 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.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population -5.89% -0.75%
Households -1.97% -0.58%
Families   1.11%
Median Household Income   0.25%
Per Capita Income   2.62%
Owner Occupied HU   0.00%

Waco, NE - Peer Comparisons by Rank and Percentile

The table below compares Waco 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.

Variable Description Rank Percentile
Total Population # 307 48th
Population Density # 208 65th
Median Household Income # 139 77th
Housing Affordability Index # 433 73rd
Per Capita Income # 175 71st
Diversity Index # 256 57th

Additional comparisons and rankings can be made with a VERY EASY TO USE Nebraska Census Data Comparison Tool.

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