Falkland, NC
Population 119 · North Carolina
About Falkland, NC
Falkland is a small community located in North Carolina with a population of 119 residents according to the latest US Census Bureau American Community Survey data. The median household income is $93,542 per year, which is 24% above the national median of $75,149. The median age of 62.2 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 Falkland features a median home value of $45,800, which is 81% below the national median of $244,900. This makes Falkland 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 70 total housing units, 100% are owner-occupied (70 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Falkland 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 3.4%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Falkland have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
3.4% of Falkland 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 Falkland Ranks in North Carolina
Cost of Living in Falkland, NC
Compared to national averages, Falkland has a median household income of $93,542 (24% above the national median of $75,149). Home values average $45,800, which is 81% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within North Carolina, Falkland's income is 45% above the state average of $64,468, and home values are 80% below the state median of $228,922.
Why Live in Falkland, NC?
Falkland offers a strong local economy with a median household income of $93,542, well above the national average, and affordable housing with a median home value of $45,800, 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 low poverty rate of 3.4%, better than the national average, and short commute times averaging just 0 minutes.
Falkland has a population of 119 with a median age of 62.2 years. Compare Falkland with other cities to see how it stacks up, or explore all cities in North Carolina.
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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 Falkland
What is the population of Falkland, NC?
The population of Falkland, NC is 119 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in North Carolina.
What is the median household income in Falkland?
The median household income in Falkland, NC is $93,542 per year, which is 24% above the national median of $75,149.
What is the median home value in Falkland?
The median home value in Falkland, NC is $45,800, which is 81% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Falkland?
The median monthly rent in Falkland, NC is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Falkland?
The unemployment rate in Falkland, NC is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Falkland, NC a good place to live?
Falkland offers above-average incomes, affordable housing, and a strong job market. With a population of 119 and a median age of 62.2, the city appeals to established professionals and retirees.
How educated is Falkland, NC?
3.4% of residents in Falkland 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 Falkland?
Key cost-of-living indicators for Falkland, NC: median home value is $45,800 (81% below national), median rent is $0/month, and median household income is $93,542. The home-value-to-income ratio is 0.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Falkland?
The poverty rate in Falkland, NC is 3.4%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Falkland, NC?
Falkland's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 3.4% two or more races. 0.0% of residents are foreign-born.