Bassett, NE
Population 622 · Nebraska
About Bassett, NE
Bassett is a small community located in Nebraska with a population of 622 residents according to the latest US Census Bureau American Community Survey data. The median household income is $42,125 per year, which is 44% below the national median of $75,149. The median age of 42.3 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 Bassett features a median home value of $83,800, which is 66% below the national median of $244,900. This makes Bassett one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $624, 46% below the national average of $1,163/month. Of the 423 total housing units, 75% are owner-occupied (230 units) and 25% are renter-occupied (77 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Bassett shows an unemployment rate of 2.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 13.8%, above the national average of 12.4%. Workers in Bassett have an average one-way commute time of 11.5 minutes, one of the shorter commutes in the region.
Education & Demographics
29.1% of Bassett residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.2% White, 1.3% Hispanic or Latino, 0.0% Black or African American, and 0.8% Asian residents, with 1.1% of the population being foreign-born.
Cost of Living in Bassett, NE
Compared to national averages, Bassett has a median household income of $42,125 (44% below the national median of $75,149). Home values average $83,800, which is 66% below the national median. Monthly rent at $624 is 46% below the US average of $1,163. Within Nebraska, Bassett's income is 36% below the state average of $65,895, and home values are 33% below the state median of $125,824.
Why Live in Bassett, NE?
Bassett offers affordable housing with a median home value of $83,800, below the US average of $244,900, and rent that’s lower than the national average at $624/month, and a strong job market with an unemployment rate of just 2.5%. Additionally, the city features short commute times averaging just 11.5 minutes.
Potential considerations include median household income ($42,125) that falls below the national average. However, Bassett’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Bassett has a population of 622 with a median age of 42.3 years. Compare Bassett with other cities to see how it stacks up, or explore all cities in Nebraska.
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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 Bassett
What is the population of Bassett, NE?
The population of Bassett, NE is 622 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Nebraska.
What is the median household income in Bassett?
The median household income in Bassett, NE is $42,125 per year, which is 44% below the national median of $75,149.
What is the median home value in Bassett?
The median home value in Bassett, NE is $83,800, which is 66% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Bassett?
The median monthly rent in Bassett, NE is $624, which is 46% below the national average of $1,163/month.
What is the unemployment rate in Bassett?
The unemployment rate in Bassett, NE is 2.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Bassett, NE a good place to live?
Bassett offers a moderate cost of living, affordable housing, and a strong job market. With a population of 622 and a median age of 42.3, the city appeals to a broad range of residents.
How educated is Bassett, NE?
29.1% of residents in Bassett 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 Bassett?
Key cost-of-living indicators for Bassett, NE: median home value is $83,800 (66% below national), median rent is $624/month, and median household income is $42,125. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Bassett?
The poverty rate in Bassett, NE is 13.8%, 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 Bassett, NE?
Bassett's population is 0.2% White, 1.3% Hispanic or Latino, 0.0% Black or African American, 0.8% Asian, and 0.3% two or more races. 1.1% of residents are foreign-born.