Benedict, NE
Population 330 · Nebraska
About Benedict, NE
Benedict is a small community located in Nebraska with a population of 330 residents according to the latest US Census Bureau American Community Survey data. The median household income is $60,938 per year, which is 19% below the national median of $75,149. The median age of 30.8 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Benedict features a median home value of $94,100, which is 62% below the national median of $244,900. This makes Benedict one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $700, 40% below the national average of $1,163/month. Of the 133 total housing units, 71% are owner-occupied (79 units) and 29% are renter-occupied (32 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Benedict shows an unemployment rate of 1.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 16.5%, above the national average of 12.4%. Workers in Benedict have an average one-way commute time of 29.5 minutes.
Education & Demographics
8.9% of Benedict 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 0.0% White, 0.3% Hispanic or Latino, 0.0% Black or African American, and 0.3% Asian residents, with 16.4% of the population being foreign-born.
Cost of Living in Benedict, NE
Compared to national averages, Benedict has a median household income of $60,938 (19% below the national median of $75,149). Home values average $94,100, which is 62% below the national median. Monthly rent at $700 is 40% below the US average of $1,163. Within Nebraska, Benedict's income is 8% below the state average of $65,895, and home values are 25% below the state median of $125,824.
Why Live in Benedict, NE?
Benedict offers affordable housing with a median home value of $94,100, below the US average of $244,900, and rent that’s lower than the national average at $700/month, and a strong job market with an unemployment rate of just 1.3%.
Potential considerations include median household income ($60,938) that falls below the national average. However, Benedict’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Benedict has a population of 330 with a median age of 30.8 years. Compare Benedict with other cities to see how it stacks up, or explore all cities in Nebraska.
Similar Cities Near Benedict
Cities in Nebraska with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Newcastle | 329 | $76,250 | $101,800 | Compare |
| Polk | 331 | $53,182 | $80,300 | Compare |
| Wilcox | 331 | $75,357 | $111,100 | Compare |
| Platte Center | 327 | $74,833 | $118,900 | Compare |
| Table Rock | 327 | $52,500 | $64,200 | Compare |
| Chapman | 325 | $89,000 | $114,300 | Compare |
| Orleans | 335 | $60,000 | $55,000 | Compare |
| Beaver Crossing | 324 | $65,357 | $132,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Nebraska
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Benedict With Other Cities
Frequently Asked Questions about Benedict
What is the population of Benedict, NE?
The population of Benedict, NE is 330 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 Benedict?
The median household income in Benedict, NE is $60,938 per year, which is 19% below the national median of $75,149.
What is the median home value in Benedict?
The median home value in Benedict, NE is $94,100, which is 62% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Benedict?
The median monthly rent in Benedict, NE is $700, which is 40% below the national average of $1,163/month.
What is the unemployment rate in Benedict?
The unemployment rate in Benedict, NE is 1.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Benedict, NE a good place to live?
Benedict offers a moderate cost of living, affordable housing, and a strong job market. With a population of 330 and a median age of 30.8, the city appeals to young professionals and families.
How educated is Benedict, NE?
8.9% of residents in Benedict 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 Benedict?
Key cost-of-living indicators for Benedict, NE: median home value is $94,100 (62% below national), median rent is $700/month, and median household income is $60,938. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Benedict?
The poverty rate in Benedict, NE is 16.5%, 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 Benedict, NE?
Benedict's population is 0.0% White, 0.3% Hispanic or Latino, 0.0% Black or African American, 0.3% Asian, and 0.0% two or more races. 16.4% of residents are foreign-born.