Hershey, NE
Population 671 · Nebraska
About Hershey, NE
Hershey is a small community located in Nebraska with a population of 671 residents according to the latest US Census Bureau American Community Survey data. The median household income is $79,375 per year, which is 6% above the national median of $75,149. The median age of 40.8 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Hershey features a median home value of $150,000, which is 39% below the national median of $244,900. This positions Hershey in a moderately priced market relative to the rest of the country. Median monthly rent is $728, 37% below the national average of $1,163/month. Of the 277 total housing units, 83% are owner-occupied (218 units) and 17% are renter-occupied (44 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hershey shows an unemployment rate of 0.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 7.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hershey have an average one-way commute time of 19.3 minutes, one of the shorter commutes in the region.
Education & Demographics
13.6% of Hershey 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 2.1% White, 1.2% Hispanic or Latino, 0.0% Black or African American, and 2.5% Asian residents, with 0.3% of the population being foreign-born.
How Hershey Ranks in Nebraska
Cost of Living in Hershey, NE
Compared to national averages, Hershey has a median household income of $79,375 (6% above the national median of $75,149). Home values average $150,000, which is 39% below the national median. Monthly rent at $728 is 37% below the US average of $1,163. Within Nebraska, Hershey's income is 20% above the state average of $65,895, and home values are 19% above the state median of $125,824.
Why Live in Hershey, NE?
Hershey offers a strong local economy with a median household income of $79,375, well above the national average, and affordable housing with a median home value of $150,000, below the US average of $244,900, and rent that’s lower than the national average at $728/month. Additionally, the city features a strong job market with an unemployment rate of just 0.3%, and a low poverty rate of 7.0%, better than the national average, and short commute times averaging just 19.3 minutes.
Hershey has a population of 671 with a median age of 40.8 years. Compare Hershey with other cities to see how it stacks up, or explore all cities in Nebraska.
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Demographics
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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 Hershey
What is the population of Hershey, NE?
The population of Hershey, NE is 671 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 Hershey?
The median household income in Hershey, NE is $79,375 per year, which is 6% above the national median of $75,149.
What is the median home value in Hershey?
The median home value in Hershey, NE is $150,000, which is 39% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hershey?
The median monthly rent in Hershey, NE is $728, which is 37% below the national average of $1,163/month.
What is the unemployment rate in Hershey?
The unemployment rate in Hershey, NE is 0.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Hershey, NE a good place to live?
Hershey offers above-average incomes, affordable housing, and a strong job market. With a population of 671 and a median age of 40.8, the city appeals to a broad range of residents.
How educated is Hershey, NE?
13.6% of residents in Hershey 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 Hershey?
Key cost-of-living indicators for Hershey, NE: median home value is $150,000 (39% below national), median rent is $728/month, and median household income is $79,375. The home-value-to-income ratio is 1.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hershey?
The poverty rate in Hershey, NE is 7.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hershey, NE?
Hershey's population is 2.1% White, 1.2% Hispanic or Latino, 0.0% Black or African American, 2.5% Asian, and 0.1% two or more races. 0.3% of residents are foreign-born.