Living in Park Falls, Wisconsin
Cost of living, income, home prices, rent and demographics of Park Falls · Census data 2020–2024
Park Falls has 2,318 residents with a median age of 47. The median household income is $54,643 (29% lower than the Wisconsin median), the median home value is $84,800, the median rent is $832/month.
Park Falls at a glance
- Population
- 2,318
- Median age
- 47State: 40.2
- Median household income
- $54,643State: $77,485
- Median home value
- $84,800State: $266,500
- Median rent
- $832/moState: $1,087
- Homeowners
- 66.7%
- Bachelor's degree or higher
- 14.9%
- Average commute
- 22 min
Is Park Falls a good place to live?
Pros: Home values 68% lower than the state median; unemployment of 1.1%.
Cons: Median household income 29% lower than the Wisconsin median; an average commute of 22 minutes; a poverty rate of 21.9%.
The weather is best in June to September.
Cost of living in Park Falls
Housing is the biggest part of the cost of living. In Park Falls the median home value is $84,800, 75% lower than the U.S. median. Renters pay a median of $832 per month, which is 22.6% of household income. Homeowners with a mortgage pay $1,124 a month in housing costs.
Park Falls median household income
The median household income in Park Falls is $54,643 and the income per person is $31,806. 21.9% of residents live below the poverty line (Wisconsin: 10.6%).
Housing in Park Falls: homes for sale and rent
- Housing units
- 1,298
- Owner-occupied
- 66.7%
- Renter-occupied
- 33.3%
- Vacant
- 13.3%Includes seasonal homes
- Median year built
- 1957
- Average household size
- 1.98
Park Falls demographics
- Population
- 2,318
- Median age
- 47
- Under 18
- 22%
- 65 and older
- 25.3%
- Households
- 1,126
- Foreign-born
- 1.6%
- Veterans
- 8.2%Adults 18+
Hispanic or Latino can be of any race. Population history of Park Falls ›
Education in Park Falls
14.9% of adults 25 and older in Park Falls have a bachelor's degree or higher (Wisconsin: 33.4%), and 4% have a graduate or professional degree.
Jobs and commute in Park Falls
- Unemployment rate
- 1.1%State: 3.2%
- Average commute
- 22 minState: 22 min
- Work from home
- 9.3%
- Drive alone
- 78.1%
- Public transit
- 0%
- Walk to work
- 4.8%
- Homes with broadband
- 84.6%
Park Falls vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Park Falls | 2,318 | $54,643 | $84,800 | $832 |
| Butternut | 465 | $43,750 | $74,300 | $626 |
| Glidden | 215 | $57,829 | $80,000 | $588 |
| Phillips | 1,602 | $47,059 | $103,300 | $793 |
| Mercer | 365 | $37,917 | $212,500 | $334 |
| Lac du Flambeau | 1,503 | $35,208 | $134,800 | $541 |
| Catawba | 170 | $67,955 | $58,500 | — |
| Prentice | 521 | $50,833 | $108,800 | $741 |
| Mellen | 681 | $41,875 | $78,100 | $594 |
More for people moving to Park Falls
Park Falls ZIP code ›Weather and climate ›Living in Park Falls: FAQ
What is the median household income in Park Falls, WI?
The median household income in Park Falls is $54,643, 29% lower than the Wisconsin median of $77,485 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Park Falls?
The median home value in Park Falls is $84,800, compared with $266,500 in Wisconsin.
How much is rent in Park Falls?
The median gross rent in Park Falls is $832 per month, about 22.6% of household income.
Is Park Falls, WI a good place to live?
Pluses: home values 68% lower than the state median; unemployment of 1.1%. Minuses: median household income 29% lower than the Wisconsin median; an average commute of 22 minutes; a poverty rate of 21.9%.
What is the median age in Park Falls?
The median age in Park Falls is 47 years (Wisconsin: 40.2).
How long is the commute in Park Falls?
The average commute to work in Park Falls is 22 minutes; 9.3% of workers work from home.
What is the unemployment rate in Park Falls?
The unemployment rate in Park Falls is 1.1% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Park Falls?
14.9% of adults in Park Falls have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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