Waco, NE
Population 155 · Nebraska
About Waco, NE
Waco is a small community located in Nebraska with a population of 155 residents according to the latest US Census Bureau American Community Survey data. The median household income is $80,417 per year, which is 7% above the national median of $75,149. The median age of 61.4 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 Waco features a median home value of $140,000, which is 43% below the national median of $244,900. This makes Waco one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 92 total housing units, 99% are owner-occupied (86 units) and 1% are renter-occupied (1 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Waco 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 2.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Waco have an average one-way commute time of 22.5 minutes.
Education & Demographics
36.4% of Waco 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 1.9% White, 0.6% Hispanic or Latino, 0.0% Black or African American, and 0.6% Asian residents, with 2.6% of the population being foreign-born.
How Waco Ranks in Nebraska
Cost of Living in Waco, NE
Compared to national averages, Waco has a median household income of $80,417 (7% above the national median of $75,149). Home values average $140,000, which is 43% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Nebraska, Waco's income is 22% above the state average of $65,895, and home values are 11% above the state median of $125,824.
Why Live in Waco, NE?
Waco offers a strong local economy with a median household income of $80,417, well above the national average, and affordable housing with a median home value of $140,000, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a well-educated community where 36.4% of residents hold a bachelor’s degree or higher, and a low poverty rate of 2.0%, better than the national average, and short commute times averaging just 22.5 minutes.
Waco has a population of 155 with a median age of 61.4 years. Compare Waco with other cities to see how it stacks up, or explore all cities in Nebraska.
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Cities in Nebraska with a similar population size.
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 Waco
What is the population of Waco, NE?
The population of Waco, NE is 155 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 Waco?
The median household income in Waco, NE is $80,417 per year, which is 7% above the national median of $75,149.
What is the median home value in Waco?
The median home value in Waco, NE is $140,000, which is 43% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Waco?
The median monthly rent in Waco, NE is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Waco?
The unemployment rate in Waco, 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 Waco, NE a good place to live?
Waco offers above-average incomes, affordable housing, and a strong job market. With a population of 155 and a median age of 61.4, the city appeals to established professionals and retirees.
How educated is Waco, NE?
36.4% of residents in Waco 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 Waco?
Key cost-of-living indicators for Waco, NE: median home value is $140,000 (43% below national), median rent is $0/month, and median household income is $80,417. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Waco?
The poverty rate in Waco, NE is 2.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Waco, NE?
Waco's population is 1.9% White, 0.6% Hispanic or Latino, 0.0% Black or African American, 0.6% Asian, and 0.0% two or more races. 2.6% of residents are foreign-born.