Beaver City, NE
Population 494 · Nebraska
About Beaver City, NE
Beaver City is a small community located in Nebraska with a population of 494 residents according to the latest US Census Bureau American Community Survey data. The median household income is $40,625 per year, which is 46% below the national median of $75,149. The median age of 48 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 Beaver City features a median home value of $65,300, which is 73% below the national median of $244,900. This makes Beaver City one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $600, 48% below the national average of $1,163/month. Of the 294 total housing units, 67% are owner-occupied (153 units) and 33% are renter-occupied (76 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Beaver City shows an unemployment rate of 2.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 11.2%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Beaver City have an average one-way commute time of 19 minutes, one of the shorter commutes in the region.
Education & Demographics
11.7% of Beaver City 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 10.1% White, 2.4% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 2.8% of the population being foreign-born.
How Beaver City Ranks in Nebraska
Cost of Living in Beaver City, NE
Compared to national averages, Beaver City has a median household income of $40,625 (46% below the national median of $75,149). Home values average $65,300, which is 73% below the national median. Monthly rent at $600 is 48% below the US average of $1,163. Within Nebraska, Beaver City's income is 38% below the state average of $65,895, and home values are 48% below the state median of $125,824.
Why Live in Beaver City, NE?
Beaver City offers affordable housing with a median home value of $65,300, below the US average of $244,900, and rent that’s lower than the national average at $600/month, and a strong job market with an unemployment rate of just 2.7%. Additionally, the city features a low poverty rate of 11.2%, better than the national average, and short commute times averaging just 19 minutes.
Potential considerations include median household income ($40,625) that falls below the national average. However, Beaver City’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Beaver City has a population of 494 with a median age of 48 years. Compare Beaver City with other cities to see how it stacks up, or explore all cities in Nebraska.
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Demographics
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Economy & Education
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Other Cities in Nebraska
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Beaver City
What is the population of Beaver City, NE?
The population of Beaver City, NE is 494 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 Beaver City?
The median household income in Beaver City, NE is $40,625 per year, which is 46% below the national median of $75,149.
What is the median home value in Beaver City?
The median home value in Beaver City, NE is $65,300, which is 73% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Beaver City?
The median monthly rent in Beaver City, NE is $600, which is 48% below the national average of $1,163/month.
What is the unemployment rate in Beaver City?
The unemployment rate in Beaver City, NE is 2.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Beaver City, NE a good place to live?
Beaver City offers a moderate cost of living, affordable housing, and a strong job market. With a population of 494 and a median age of 48, the city appeals to established professionals and retirees.
How educated is Beaver City, NE?
11.7% of residents in Beaver City 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 Beaver City?
Key cost-of-living indicators for Beaver City, NE: median home value is $65,300 (73% below national), median rent is $600/month, and median household income is $40,625. The home-value-to-income ratio is 1.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Beaver City?
The poverty rate in Beaver City, NE is 11.2%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Beaver City, NE?
Beaver City's population is 10.1% White, 2.4% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 2.8% of residents are foreign-born.