Petersburg, NE
Population 423 · Nebraska
About Petersburg, NE
Petersburg is a small community located in Nebraska with a population of 423 residents according to the latest US Census Bureau American Community Survey data. The median household income is $73,750 per year, which is 2% below the national median of $75,149. The median age of 40.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Petersburg features a median home value of $134,100, which is 45% below the national median of $244,900. This makes Petersburg one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $863, 26% below the national average of $1,163/month. Of the 200 total housing units, 87% are owner-occupied (154 units) and 13% are renter-occupied (24 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Petersburg shows an unemployment rate of 5.4%, which is near the national rate of 3.7%. The poverty rate stands at 13.9%, above the national average of 12.4%. Workers in Petersburg have an average one-way commute time of 17.7 minutes, one of the shorter commutes in the region.
Education & Demographics
26.4% of Petersburg 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 7.3% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Petersburg, NE
Compared to national averages, Petersburg has a median household income of $73,750 (2% below the national median of $75,149). Home values average $134,100, which is 45% below the national median. Monthly rent at $863 is 26% below the US average of $1,163. Within Nebraska, Petersburg's income is 12% above the state average of $65,895, and home values are 7% above the state median of $125,824.
Why Live in Petersburg, NE?
Petersburg offers affordable housing with a median home value of $134,100, below the US average of $244,900, and rent that’s lower than the national average at $863/month, and short commute times averaging just 17.7 minutes.
Potential considerations include median household income ($73,750) that falls below the national average. However, Petersburg’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Petersburg has a population of 423 with a median age of 40.1 years. Compare Petersburg with other cities to see how it stacks up, or explore all cities in Nebraska.
Similar Cities Near Petersburg
Cities in Nebraska with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Sargent | 425 | $46,250 | $67,300 | Compare |
| De Witt | 426 | $82,292 | $112,200 | Compare |
| Eustis | 427 | $91,750 | $124,500 | Compare |
| Mullen | 419 | $45,610 | $81,900 | Compare |
| Chambers | 418 | $54,167 | $83,800 | Compare |
| Malcolm | 428 | $84,712 | $239,800 | Compare |
| Cedar Creek | 415 | $115,781 | $375,000 | Compare |
| Greeley Center | 434 | $45,625 | $58,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Nebraska
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Petersburg With Other Cities
Frequently Asked Questions about Petersburg
What is the population of Petersburg, NE?
The population of Petersburg, NE is 423 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 Petersburg?
The median household income in Petersburg, NE is $73,750 per year, which is 2% below the national median of $75,149.
What is the median home value in Petersburg?
The median home value in Petersburg, NE is $134,100, which is 45% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Petersburg?
The median monthly rent in Petersburg, NE is $863, which is 26% below the national average of $1,163/month.
What is the unemployment rate in Petersburg?
The unemployment rate in Petersburg, NE is 5.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Petersburg, NE a good place to live?
Petersburg offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 423 and a median age of 40.1, the city appeals to a broad range of residents.
How educated is Petersburg, NE?
26.4% of residents in Petersburg 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 Petersburg?
Key cost-of-living indicators for Petersburg, NE: median home value is $134,100 (45% below national), median rent is $863/month, and median household income is $73,750. The home-value-to-income ratio is 1.8x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Petersburg?
The poverty rate in Petersburg, NE is 13.9%, 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 Petersburg, NE?
Petersburg's population is 7.3% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.