Callaway is a village in Custer County, Nebraska, United States. The population was 539 at the 2010 census.HistoryCallaway was platted in 1885. It was named for S. R. Callaway, general manager of the Union Pacific Railroad.GeographyAccording to the United States Census Bureau, the village has a total area of 0.70sqmi, all of it land.Demographics2010 censusAs of the census of 2010, there were 539 people, 247 households, and 153 families residing in the village. The population density was 770.0PD/sqmi. There were 295 housing units at an average density of 421.4/sqmi. The racial makeup of the village was 98.3% White, 0.2% Native American, 0.4% Asian, and 1.1% from two or more races. Hispanic or Latino of any race were 1.5% of the population.There were 247 households of which 23.9% had children under the age of 18 living with them, 55.5% were married couples living together, 4.0% had a female householder with no husband present, 2.4% had a male householder with no wife present, and 38.1% were non-families. 33.6% of all households were made up of individuals and 22.3% had someone living alone who was 65 years of age or older. The average household size was 2.18 and the average family size was 2.74.