Hershey, NE Profile: Facts & Data

Hershey, Nebraska - Basic Facts

The Village of Hershey had a population of 622 as of July 1, 2024.

The primary coordinate point for Hershey is located at latitude 41.1586 and longitude -101.0027 in Lincoln County. The formal boundaries for the Village of Hershey encompass a land area of 0.75 sq. miles and a water area of 0 sq. miles. Lincoln County is in the Central time zone (GMT -6).

The Village of Hershey has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Hershey is located within Hershey Election Precinct, a minor civil division (MCD) of Lincoln County.

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Hershey, NE Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	622 (100%)
Population in Households	622 (100.0%)
Population in Families	532 (85.5%)
Population in Group Quarters¹	0
Population Density	815
Diversity Index²	25


INCOME
Median Household Income	$65,167
Average Household Income	$90,764
% of Income for Mortgage⁴	22%
Per Capita Income	$38,669
Wealth Index⁵	77
Socioeconomic Status Index⁶	Moderate (61.9)

HOUSING
Total HU (Housing Units)	290 (100%)
Owner Occupied HU	209 (72.1%)
Renter Occupied HU	56 (19.3%)
Vacant Housing Units	25 ( 8.6%)
Median Home Value	$230,556
Average Home Value	$306,220
Housing Affordability Index³	104

HOUSEHOLDS
Total Households	265
Average Household Size	2.35
Family Households	183
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

290 (100%)

Owner Occupied HU

209 (72.1%)

Renter Occupied HU

56 (19.3%)

Vacant Housing Units

25 ( 8.6%)

Median Home Value

$230,556

Average Home Value

$306,220

Housing Affordability Index³

104

HOUSEHOLDS

Total Households

265

Average Household Size

2.35

Family Households

183

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.99%	-0.55%
Households	-1.04%	-0.38%
Families		0.33%
Median Household Income		5.76%
Per Capita Income		4.25%
Owner Occupied HU		-0.78%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

-0.99%

-0.55%

Households

-1.04%

-0.38%

Families

0.33%

Median Household Income

5.76%

Per Capita Income

4.25%

Owner Occupied HU

-0.78%

Hershey, NE - Peer Comparisons by Rank and Percentile

The table below compares Hershey to the other 593 incorporated cities, towns and CDPs in Nebraska by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 169	72nd
Population Density	# 273	54th
Median Household Income	# 341	43rd
Housing Affordability Index	# 254	43rd
Per Capita Income	# 279	53rd
Diversity Index	# 182	69th

Variable Description

Rank

Percentile

Total Population

# 169

72nd

Population Density

# 273

54th

Median Household Income

# 341

43rd

Housing Affordability Index

# 254

43rd

Per Capita Income

# 279

53rd

Diversity Index

# 182

69th

Nebraska Census Data Comparison Tool

Hershey, NE Profile: Facts & Data

Hershey, Nebraska - Basic Facts

Hershey, NE Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Hershey, NE - Peer Comparisons by Rank and Percentile

Hershey, NE - Most Popular Things to Do

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