Herman, NE
Population 355 · Nebraska
About Herman, NE
Herman is a small community located in Nebraska with a population of 355 residents according to the latest US Census Bureau American Community Survey data. The median household income is $77,869 per year, which is 4% above the national median of $75,149. The median age of 21.8 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 Herman features a median home value of $113,800, which is 54% below the national median of $244,900. This makes Herman one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $331, 72% below the national average of $1,163/month. Of the 155 total housing units, 60% are owner-occupied (84 units) and 40% are renter-occupied (55 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Herman shows an unemployment rate of 1.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Herman have an average one-way commute time of 42.6 minutes, suggesting many residents commute to jobs in a nearby metro area.
Education & Demographics
5.4% of Herman 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 0.6% White, 2.0% Hispanic or Latino, 0.0% Black or African American, and 0.3% Asian residents, with 0.6% of the population being foreign-born.
How Herman Ranks in Nebraska
Cost of Living in Herman, NE
Compared to national averages, Herman has a median household income of $77,869 (4% above the national median of $75,149). Home values average $113,800, which is 54% below the national median. Monthly rent at $331 is 72% below the US average of $1,163. Within Nebraska, Herman's income is 18% above the state average of $65,895, and home values are 10% below the state median of $125,824.
Why Live in Herman, NE?
Herman offers a strong local economy with a median household income of $77,869, well above the national average, and affordable housing with a median home value of $113,800, below the US average of $244,900, and rent that’s lower than the national average at $331/month. Additionally, the city features a strong job market with an unemployment rate of just 1.9%, and a low poverty rate of 9.3%, better than the national average.
Herman has a population of 355 with a median age of 21.8 years. Compare Herman with other cities to see how it stacks up, or explore all cities in Nebraska.
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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 Herman
What is the population of Herman, NE?
The population of Herman, NE is 355 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 Herman?
The median household income in Herman, NE is $77,869 per year, which is 4% above the national median of $75,149.
What is the median home value in Herman?
The median home value in Herman, NE is $113,800, which is 54% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Herman?
The median monthly rent in Herman, NE is $331, which is 72% below the national average of $1,163/month.
What is the unemployment rate in Herman?
The unemployment rate in Herman, NE is 1.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Herman, NE a good place to live?
Herman offers above-average incomes, affordable housing, and a strong job market. With a population of 355 and a median age of 21.8, the city appeals to young professionals and families.
How educated is Herman, NE?
5.4% of residents in Herman 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 Herman?
Key cost-of-living indicators for Herman, NE: median home value is $113,800 (54% below national), median rent is $331/month, and median household income is $77,869. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Herman?
The poverty rate in Herman, NE is 9.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Herman, NE?
Herman's population is 0.6% White, 2.0% Hispanic or Latino, 0.0% Black or African American, 0.3% Asian, and 0.0% two or more races. 0.6% of residents are foreign-born.