Spalding, NE
Population 389 · Nebraska
About Spalding, NE
Spalding is a small community located in Nebraska with a population of 389 residents according to the latest US Census Bureau American Community Survey data. The median household income is $54,250 per year, which is 28% below the national median of $75,149. The median age of 62.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Spalding features a median home value of $92,200, which is 62% below the national median of $244,900. This makes Spalding one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $655, 44% below the national average of $1,163/month. Of the 219 total housing units, 92% are owner-occupied (161 units) and 8% are renter-occupied (14 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Spalding shows an unemployment rate of 5.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 4.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Spalding have an average one-way commute time of 9.3 minutes, one of the shorter commutes in the region.
Education & Demographics
17.2% of Spalding 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 4.4% White, 0.8% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 4.4% of the population being foreign-born.
Cost of Living in Spalding, NE
Compared to national averages, Spalding has a median household income of $54,250 (28% below the national median of $75,149). Home values average $92,200, which is 62% below the national median. Monthly rent at $655 is 44% below the US average of $1,163. Within Nebraska, Spalding's income is 18% below the state average of $65,895, and home values are 27% below the state median of $125,824.
Why Live in Spalding, NE?
Spalding offers affordable housing with a median home value of $92,200, below the US average of $244,900, and rent that’s lower than the national average at $655/month, and a low poverty rate of 4.8%, better than the national average. Additionally, the city features short commute times averaging just 9.3 minutes.
Potential considerations include median household income ($54,250) that falls below the national average. However, Spalding’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Spalding has a population of 389 with a median age of 62.3 years. Compare Spalding 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 Spalding
What is the population of Spalding, NE?
The population of Spalding, NE is 389 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 Spalding?
The median household income in Spalding, NE is $54,250 per year, which is 28% below the national median of $75,149.
What is the median home value in Spalding?
The median home value in Spalding, NE is $92,200, which is 62% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Spalding?
The median monthly rent in Spalding, NE is $655, which is 44% below the national average of $1,163/month.
What is the unemployment rate in Spalding?
The unemployment rate in Spalding, NE is 5.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Spalding, NE a good place to live?
Spalding offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 389 and a median age of 62.3, the city appeals to established professionals and retirees.
How educated is Spalding, NE?
17.2% of residents in Spalding 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 Spalding?
Key cost-of-living indicators for Spalding, NE: median home value is $92,200 (62% below national), median rent is $655/month, and median household income is $54,250. The home-value-to-income ratio is 1.7x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Spalding?
The poverty rate in Spalding, NE is 4.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Spalding, NE?
Spalding's population is 4.4% White, 0.8% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 4.4% of residents are foreign-born.