Octavia, NE
Population 166 · Nebraska
About Octavia, NE
Octavia is a small community located in Nebraska with a population of 166 residents according to the latest US Census Bureau American Community Survey data. The median household income is $65,417 per year, which is 13% below the national median of $75,149. The median age of 35.6 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 Octavia features a median home value of $112,500, which is 54% below the national median of $244,900. This makes Octavia one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 65 total housing units, 82% are owner-occupied (45 units) and 18% are renter-occupied (10 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Octavia 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 22.3%, above the national average of 12.4%. Workers in Octavia have an average one-way commute time of 21.4 minutes.
Education & Demographics
12.2% of Octavia 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 35.5% White, 21.7% Hispanic or Latino, 0.0% Black or African American, and 16.9% Asian residents, with 16.3% of the population being foreign-born.
Cost of Living in Octavia, NE
Compared to national averages, Octavia has a median household income of $65,417 (13% below the national median of $75,149). Home values average $112,500, which is 54% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Nebraska, Octavia's income is 1% below the state average of $65,895, and home values are 11% below the state median of $125,824.
Why Live in Octavia, NE?
Octavia offers affordable housing with a median home value of $112,500, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 21.4 minutes.
Potential considerations include median household income ($65,417) that falls below the national average. However, Octavia’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Octavia has a population of 166 with a median age of 35.6 years. Compare Octavia with other cities to see how it stacks up, or explore all cities in Nebraska.
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Cities in Nebraska with a similar population size.
Demographics
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Economy & Education
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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 Octavia
What is the population of Octavia, NE?
The population of Octavia, NE is 166 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 Octavia?
The median household income in Octavia, NE is $65,417 per year, which is 13% below the national median of $75,149.
What is the median home value in Octavia?
The median home value in Octavia, NE is $112,500, which is 54% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Octavia?
The median monthly rent in Octavia, NE is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Octavia?
The unemployment rate in Octavia, 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 Octavia, NE a good place to live?
Octavia offers a moderate cost of living, affordable housing, and a strong job market. With a population of 166 and a median age of 35.6, the city appeals to a broad range of residents.
How educated is Octavia, NE?
12.2% of residents in Octavia 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 Octavia?
Key cost-of-living indicators for Octavia, NE: median home value is $112,500 (54% below national), median rent is $0/month, and median household income is $65,417. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Octavia?
The poverty rate in Octavia, NE is 22.3%, 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 Octavia, NE?
Octavia's population is 35.5% White, 21.7% Hispanic or Latino, 0.0% Black or African American, 16.9% Asian, and 0.0% two or more races. 16.3% of residents are foreign-born.