The city lies directly across the Mormon Bridge from North Omaha, and is located at the base of the Loess Hills. The Mount Crescent skiing area lies near the town, and is the nearest ski and snowboarding slope to the Omaha-Council Bluffs metropolitan area. In the summer the area serves as a recreational facility for activities such as paintball and cross-country running. Neighboring Hitchcock Park supports various types of wildlife and many miles of hiking trails.
Cresecent had about 300 residents in 1950.
There were 192 households out of which 33.9% had children under the age of 18 living with them, 70.8% were married couples living together, 5.7% had a female householder with no husband present, and 20.3% were non-families. 15.6% of all households were made up of individuals and 6.3% had someone living alone who was 65 years of age or older. The average household size was 2.80 and the average family size was 3.15.
In the city the population was spread out with 25.9% under the age of 18, 8.8% from 18 to 24, 28.1% from 25 to 44, 27.4% from 45 to 64, and 9.9% who were 65 years of age or older. The median age was 37 years. For every 100 females there were 98.2 males. For every 100 females age 18 and over, there were 99.0 males.
The median income for a household in the city was $60,000, and the median income for a family was $61,042. Males had a median income of $32,917 versus $29,125 for females. The per capita income for the city was $24,548. About 3.1% of families and 2.5% of the population were below the poverty line, including none of those under age 18 and 11.1% of those age 65 or over.