Callaway, NE
Population 608 · Nebraska
About Callaway, NE
Callaway is a small community located in Nebraska with a population of 608 residents according to the latest US Census Bureau American Community Survey data. The median household income is $50,938 per year, which is 32% below the national median of $75,149. The median age of 38.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Callaway features a median home value of $157,600, which is 36% below the national median of $244,900. This positions Callaway in a moderately priced market relative to the rest of the country. Median monthly rent is $585, 50% below the national average of $1,163/month. Of the 293 total housing units, 67% are owner-occupied (185 units) and 33% are renter-occupied (90 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Callaway shows an unemployment rate of 2.6%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 10.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Callaway have an average one-way commute time of 12.5 minutes, one of the shorter commutes in the region.
Education & Demographics
32.5% of Callaway 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 6.1% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.8% Asian residents, with 0.0% of the population being foreign-born.
How Callaway Ranks in Nebraska
Cost of Living in Callaway, NE
Compared to national averages, Callaway has a median household income of $50,938 (32% below the national median of $75,149). Home values average $157,600, which is 36% below the national median. Monthly rent at $585 is 50% below the US average of $1,163. Within Nebraska, Callaway's income is 23% below the state average of $65,895, and home values are 25% above the state median of $125,824.
Why Live in Callaway, NE?
Callaway offers affordable housing with a median home value of $157,600, below the US average of $244,900, and rent that’s lower than the national average at $585/month, and a strong job market with an unemployment rate of just 2.6%. Additionally, the city features a low poverty rate of 10.5%, better than the national average, and short commute times averaging just 12.5 minutes.
Potential considerations include median household income ($50,938) that falls below the national average. However, Callaway’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Callaway has a population of 608 with a median age of 38.5 years. Compare Callaway 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 Callaway
What is the population of Callaway, NE?
The population of Callaway, NE is 608 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 Callaway?
The median household income in Callaway, NE is $50,938 per year, which is 32% below the national median of $75,149.
What is the median home value in Callaway?
The median home value in Callaway, NE is $157,600, which is 36% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Callaway?
The median monthly rent in Callaway, NE is $585, which is 50% below the national average of $1,163/month.
What is the unemployment rate in Callaway?
The unemployment rate in Callaway, NE is 2.6%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Callaway, NE a good place to live?
Callaway offers a moderate cost of living, affordable housing, and a strong job market. With a population of 608 and a median age of 38.5, the city appeals to a broad range of residents.
How educated is Callaway, NE?
32.5% of residents in Callaway 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 Callaway?
Key cost-of-living indicators for Callaway, NE: median home value is $157,600 (36% below national), median rent is $585/month, and median household income is $50,938. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Callaway?
The poverty rate in Callaway, NE is 10.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Callaway, NE?
Callaway's population is 6.1% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.8% Asian, and 0.3% two or more races. 0.0% of residents are foreign-born.