Ericson, NE
Population 114 · Nebraska
About Ericson, NE
Ericson is a small community located in Nebraska with a population of 114 residents according to the latest US Census Bureau American Community Survey data. The median household income is $53,333 per year, which is 29% below the national median of $75,149. The median age of 60.9 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Ericson features a median home value of $112,500, which is 54% below the national median of $244,900. This makes Ericson one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $485, 58% below the national average of $1,163/month. Of the 78 total housing units, 72% are owner-occupied (39 units) and 28% are renter-occupied (15 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Ericson shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Ericson have an average one-way commute time of 21.5 minutes.
Education & Demographics
41.7% of Ericson residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 2.6% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 3.5% of the population being foreign-born.
How Ericson Ranks in Nebraska
Cost of Living in Ericson, NE
Compared to national averages, Ericson has a median household income of $53,333 (29% below the national median of $75,149). Home values average $112,500, which is 54% below the national median. Monthly rent at $485 is 58% below the US average of $1,163. Within Nebraska, Ericson's income is 19% below the state average of $65,895, and home values are 11% below the state median of $125,824.
Why Live in Ericson, NE?
Ericson offers affordable housing with a median home value of $112,500, below the US average of $244,900, and rent that’s lower than the national average at $485/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a well-educated community where 41.7% of residents hold a bachelor’s degree or higher, and a low poverty rate of 6.1%, better than the national average, and short commute times averaging just 21.5 minutes.
Potential considerations include median household income ($53,333) that falls below the national average. However, Ericson’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Ericson has a population of 114 with a median age of 60.9 years. Compare Ericson with other cities to see how it stacks up, or explore all cities in Nebraska.
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Demographics
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Economy & Education
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Other Cities in Nebraska
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Ericson
What is the population of Ericson, NE?
The population of Ericson, NE is 114 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Nebraska.
What is the median household income in Ericson?
The median household income in Ericson, NE is $53,333 per year, which is 29% below the national median of $75,149.
What is the median home value in Ericson?
The median home value in Ericson, NE is $112,500, which is 54% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Ericson?
The median monthly rent in Ericson, NE is $485, which is 58% below the national average of $1,163/month.
What is the unemployment rate in Ericson?
The unemployment rate in Ericson, NE is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Ericson, NE a good place to live?
Ericson offers a moderate cost of living, affordable housing, and a strong job market. With a population of 114 and a median age of 60.9, the city appeals to established professionals and retirees.
How educated is Ericson, NE?
41.7% of residents in Ericson aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Ericson?
Key cost-of-living indicators for Ericson, NE: median home value is $112,500 (54% below national), median rent is $485/month, and median household income is $53,333. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Ericson?
The poverty rate in Ericson, NE is 6.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Ericson, NE?
Ericson's population is 2.6% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 3.5% of residents are foreign-born.