Lake Waconda, NE
Population 161 · Nebraska
About Lake Waconda, NE
Lake Waconda is a small community located in Nebraska with a population of 161 residents according to the latest US Census Bureau American Community Survey data. The median household income is $140,221 per year, which is 87% above the national median of $75,149. The median age of 62.8 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 Lake Waconda features a median home value of $339,200, which is 39% above the national median of $244,900. This positions Lake Waconda in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 302 total housing units, 100% are owner-occupied (86 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Waconda 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 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Waconda have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
23.2% of Lake Waconda residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Lake Waconda Ranks in Nebraska
Cost of Living in Lake Waconda, NE
Compared to national averages, Lake Waconda has a median household income of $140,221 (87% above the national median of $75,149). Home values average $339,200, which is 39% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Nebraska, Lake Waconda's income is 113% above the state average of $65,895, and home values are 170% above the state median of $125,824.
Why Live in Lake Waconda, NE?
Lake Waconda offers a strong local economy with a median household income of $140,221, well above the national average, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 0 minutes.
Lake Waconda has a population of 161 with a median age of 62.8 years. Compare Lake Waconda with other cities to see how it stacks up, or explore all cities in Nebraska.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Lake Waconda
What is the population of Lake Waconda, NE?
The population of Lake Waconda, NE is 161 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 Lake Waconda?
The median household income in Lake Waconda, NE is $140,221 per year, which is 87% above the national median of $75,149.
What is the median home value in Lake Waconda?
The median home value in Lake Waconda, NE is $339,200, which is 39% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Waconda?
The median monthly rent in Lake Waconda, NE is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Lake Waconda?
The unemployment rate in Lake Waconda, 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 Lake Waconda, NE a good place to live?
Lake Waconda offers above-average incomes, a competitive housing market, and a strong job market. With a population of 161 and a median age of 62.8, the city appeals to established professionals and retirees.
How educated is Lake Waconda, NE?
23.2% of residents in Lake Waconda aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lake Waconda?
Key cost-of-living indicators for Lake Waconda, NE: median home value is $339,200 (39% above national), median rent is $0/month, and median household income is $140,221. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lake Waconda?
The poverty rate in Lake Waconda, NE is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Waconda, NE?
Lake Waconda's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.