Callaway is a village in Custer County, Nebraska, United States.

[4] It was named for S. R. Callaway, general manager of the Union Pacific Railroad.

[5] According to the United States Census Bureau, the village has a total area of 0.70 square miles (1.81 km2), all land.

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.

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.

32.4% of all households were made up of individuals, and 23.3% had someone living alone who was 65 years of age or older.