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The total population of Falkville is estimated to be 1,422 with 685 males (48.17%) and 737 females (51.83%). There are 52 more females than males in Falkville.
The median household income in Falkville was $41,378 in 2021, which marked an a decrease of 3,452(7.70%) from $44,830 in 2020. This income is 55.46% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Falkville sees its highest median household income among householders in the age group of 25 to 44 years old, at $60,030. Overall, the median household income for the town of Falkville stands at $41,378.
In Falkville, the median income for all workers aged 15 years and older, regardless of work hours, was $27,760 for males and $20,212 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $40,985 for males and $22,911 for females.
In Falkville, there are just two different racial groups among households. Among these, Two or More Races households report a median household income of $62,491, while White households have a median household income of $40,534.
In 2022, the population of Falkville was 1,196, a 0.08% increase year-by-year from 2021. Previously, in 2021, Falkville's population was 1,195, a decline of 0.25% compared to a population of 1,198 in 2020.
The median age in Falkville, AL is 53.4, as per 2021 ACS 5-Year Estimates. Of the total population, 12.32% were under the age of 15, 16.48% aged 15 to 29, 38.16% aged 30 to 64, 23.16% aged 65 to 84, and 9.87% were 85 years of age and older.
Racial distribution of Falkville population: 90.57% are White, 2.15% are Black or African American, 1.04% are American Indian and Alaska Native, 3.27% are Asian, 0.52% are some other race and 2.45% are multiracial.