Callaway is located in Custer County northeast of North Platte, between Arnold and Broken Bow off Hwy 40.
The population estimate for July 1, 1998 was 540, an increase of 1 since 1990.
Callaway was named for S.R. Callaway, second vice president and general manager of the Union Pacific Railroad when the Wood River Grade was made from Kearney to the new townsite.
