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Great Falls, Virginia

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
15,228
Population
$250,001
Median Income
$1,411,000
Home Value
45.7
Median Age

Demographics

Great Falls has a population of 15,228 with a median age of 45.7. Here is the racial and ethnic breakdown of the population:

White
64.3%
Asian
23.8%
Other
6.7%
Hispanic
3.6%
Black
1.6%
Demographic Value
Total Population15,228
Median Age45.7
White64.3%
Black or African American1.6%
Asian23.8%
Hispanic or Latino3.6%
Other / Two or More Races6.7%
Great Falls, Virginia — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 64.3%Asian: 23.8%Other: 6.7%Hispanic/Latino: 3.6%Other: 1.6%15,228PopulationWhiteWhite64.3%AsianAsian23.8%OtherOther6.7%Hispanic/LatinoHispanic/Latino3.6%OtherOther1.6%

Income & Economy

The median household income in Great Falls is $250,001, which is 210.1% above the national median of $80,610. The per capita income is $131,942. The poverty rate is 2.2%.

$250,001
Median Household Income
$131,942
Per Capita Income
2.2%
Poverty Rate

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Education

In Great Falls, 99.0% of residents age 25+ have a high school diploma or higher, and 85.3% hold a bachelor's degree or higher (51.4% with a graduate or professional degree).

HS Diploma+
99.0%
Bachelor's+
85.3%
Graduate+
51.4%
Education Level % of Adults (25+)
High School Diploma or Higher99.0%
Bachelor's Degree or Higher85.3%
Graduate or Professional Degree51.4%

Housing

The median home value in Great Falls is $1,411,000, above the national median of $303,400. The median monthly rent is $3,501. The homeownership rate is 95.0%.

$1,411,000
Median Home Value
$3,501/mo
Median Rent
95.0%
Homeownership Rate
Housing Metric Value
Median Home Value$1,411,000
Median Monthly Rent$3,501
Homeownership Rate95.0%
Vacancy Rate2.5%

Salaries in Virginia

Explore salary data for popular occupations in Virginia:

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Other Cities in Virginia

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Frequently Asked Questions

What is the population of Great Falls, Virginia?
The population of Great Falls, Virginia is 15,228 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Great Falls, Virginia?
The median household income in Great Falls, Virginia is $250,001. This is 210.1% above the national median of $80,610.
What is the median home value in Great Falls, Virginia?
The median home value in Great Falls, Virginia is $1,411,000. The median monthly rent is $3,501.
What percentage of people in Great Falls have a college degree?
In Great Falls, Virginia, 85.3% of adults age 25 and older hold a bachelor's degree or higher, and 99.0% have a high school diploma or higher.
Is Great Falls, Virginia an affordable place to live?
The home price-to-income ratio in Great Falls, Virginia is 5.6x (median home value $1,411,000 vs. median income $250,001), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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