Hazard is a village in Sherman County, Nebraska, United States.

The population was 57 as of the 2020 United States Census Hazard was established in 1886 when the Grand Island & Wyoming Central Railroad was extended to that point.

[4] According to the United States Census Bureau, the village has a total area of 0.26 square miles (0.67 km2), all land.

There were no families and 6.9% of the population living below the poverty line, including no under eighteens and 21.1% of those over 64.

He wrote to Nebraska Chamber of Commerce, asking for a list of Nebraska towns with two syllables and found Hazard ideal for its double meaning (The lyrics refer to a river, which the real Hazard does not possess; however, there is a muddy creek).

Although the song did not cast the town in a positive light, the residents invited Marx to be Grand Marshal at Sherman County's Fourth of July parade in 1993, an invite that the singer accepted.