Park Falls, WI
Population 2,308 · Wisconsin
About Park Falls, WI
Park Falls is a small town located in Wisconsin with a population of 2,308 residents according to the latest US Census Bureau American Community Survey data. The median household income is $47,240 per year, which is 37% below the national median of $75,149. The median age of 47 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 Park Falls features a median home value of $81,900, which is 67% below the national median of $244,900. This makes Park Falls one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $907, 22% below the national average of $1,163/month. Of the 1,298 total housing units, 66% are owner-occupied (752 units) and 34% are renter-occupied (385 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Park Falls shows an unemployment rate of 1.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 25.6%, above the national average of 12.4%. Workers in Park Falls have an average one-way commute time of 22.1 minutes.
Education & Demographics
10.8% of Park Falls 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 2.0% White, 1.3% Hispanic or Latino, 0.0% Black or African American, and 0.3% Asian residents, with 2.2% of the population being foreign-born.
How Park Falls Ranks in Wisconsin
Cost of Living in Park Falls, WI
Compared to national averages, Park Falls has a median household income of $47,240 (37% below the national median of $75,149). Home values average $81,900, which is 67% below the national median. Monthly rent at $907 is 22% below the US average of $1,163. Within Wisconsin, Park Falls's income is 35% below the state average of $72,579, and home values are 60% below the state median of $205,802.
Why Live in Park Falls, WI?
Park Falls offers affordable housing with a median home value of $81,900, below the US average of $244,900, and rent that’s lower than the national average at $907/month, and a strong job market with an unemployment rate of just 1.1%. Additionally, the city features short commute times averaging just 22.1 minutes.
Potential considerations include median household income ($47,240) that falls below the national average. However, Park Falls’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Park Falls has a population of 2,308 with a median age of 47 years. Compare Park Falls with other cities to see how it stacks up, or explore all cities in Wisconsin.
Similar Cities Near Park Falls
Cities in Wisconsin with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Neillsville | 2,314 | $58,239 | $111,300 | Compare |
| New Glarus | 2,276 | $98,224 | $267,600 | Compare |
| Como | 2,368 | $75,000 | $259,200 | Compare |
| Westby | 2,380 | $70,182 | $165,000 | Compare |
| Fredonia | 2,382 | $86,442 | $261,400 | Compare |
| Cumberland | 2,389 | $47,773 | $173,900 | Compare |
| Spooner | 2,203 | $44,474 | $141,800 | Compare |
| Cedar Grove | 2,430 | $87,500 | $221,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Wisconsin
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Park Falls With Other Cities
Frequently Asked Questions about Park Falls
What is the population of Park Falls, WI?
The population of Park Falls, WI is 2,308 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Wisconsin.
What is the median household income in Park Falls?
The median household income in Park Falls, WI is $47,240 per year, which is 37% below the national median of $75,149.
What is the median home value in Park Falls?
The median home value in Park Falls, WI is $81,900, which is 67% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Park Falls?
The median monthly rent in Park Falls, WI is $907, which is 22% below the national average of $1,163/month.
What is the unemployment rate in Park Falls?
The unemployment rate in Park Falls, WI is 1.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Park Falls, WI a good place to live?
Park Falls offers a moderate cost of living, affordable housing, and a strong job market. With a population of 2,308 and a median age of 47, the city appeals to established professionals and retirees.
How educated is Park Falls, WI?
10.8% of residents in Park Falls 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 Park Falls?
Key cost-of-living indicators for Park Falls, WI: median home value is $81,900 (67% below national), median rent is $907/month, and median household income is $47,240. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Park Falls?
The poverty rate in Park Falls, WI is 25.6%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Park Falls, WI?
Park Falls's population is 2.0% White, 1.3% Hispanic or Latino, 0.0% Black or African American, 0.3% Asian, and 0.1% two or more races. 2.2% of residents are foreign-born.