Hallam, NE
Population 292 · Nebraska
About Hallam, NE
Hallam is a small community located in Nebraska with a population of 292 residents according to the latest US Census Bureau American Community Survey data. The median household income is $96,250 per year, which is 28% above the national median of $75,149. The median age of 35.4 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 Hallam features a median home value of $259,600, which is 6% above the national median of $244,900. This positions Hallam in a moderately priced market relative to the rest of the country. Median monthly rent is $983, 15% below the national average of $1,163/month. Of the 105 total housing units, 82% are owner-occupied (86 units) and 18% are renter-occupied (19 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hallam shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hallam have an average one-way commute time of 34.9 minutes.
Education & Demographics
23.8% of Hallam 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 7.9% White, 2.1% Hispanic or Latino, 0.0% Black or African American, and 1.7% Asian residents, with 1.0% of the population being foreign-born.
How Hallam Ranks in Nebraska
Cost of Living in Hallam, NE
Compared to national averages, Hallam has a median household income of $96,250 (28% above the national median of $75,149). Home values average $259,600, which is 6% above the national median. Monthly rent at $983 is 15% below the US average of $1,163. Within Nebraska, Hallam's income is 46% above the state average of $65,895, and home values are 106% above the state median of $125,824.
Why Live in Hallam, NE?
Hallam offers a strong local economy with a median household income of $96,250, well above the national average, and rent that’s lower than the national average at $983/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 6.8%, better than the national average.
Hallam has a population of 292 with a median age of 35.4 years. Compare Hallam 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 Hallam
What is the population of Hallam, NE?
The population of Hallam, NE is 292 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 Hallam?
The median household income in Hallam, NE is $96,250 per year, which is 28% above the national median of $75,149.
What is the median home value in Hallam?
The median home value in Hallam, NE is $259,600, which is 6% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hallam?
The median monthly rent in Hallam, NE is $983, which is 15% below the national average of $1,163/month.
What is the unemployment rate in Hallam?
The unemployment rate in Hallam, NE is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Hallam, NE a good place to live?
Hallam offers above-average incomes, a competitive housing market, and a strong job market. With a population of 292 and a median age of 35.4, the city appeals to a broad range of residents.
How educated is Hallam, NE?
23.8% of residents in Hallam 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 Hallam?
Key cost-of-living indicators for Hallam, NE: median home value is $259,600 (6% above national), median rent is $983/month, and median household income is $96,250. The home-value-to-income ratio is 2.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hallam?
The poverty rate in Hallam, NE is 6.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hallam, NE?
Hallam's population is 7.9% White, 2.1% Hispanic or Latino, 0.0% Black or African American, 1.7% Asian, and 0.0% two or more races. 1.0% of residents are foreign-born.