Cost of Living in Banner County, Nebraska
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Banner County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Banner County ranks #1,846 of 3,142 counties for affordability (bottom 41%)
Sourced county brief
Median Gross Rent in Banner County Reaches 975 Dollars
Median gross rent in Banner County was estimated at $975 per month, which is $178 higher than the Nebraska unweighted county mean of $797. The official Gross Rent as a Percentage of Household Income (GRAPI) was 26.7%, a figure 3.5 percentage points above the state unweighted county mean official GRAPI of 23.2%. For homeowners, the median selected monthly owner cost was $831, below the state unweighted county mean of $860. The median home value in the county was $205,700, while the Nebraska unweighted county mean home value was $164,635. The median income for renter households was $44,722. These snapshots utilize data from the ACS 2020-2024 5-year estimates. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Banner County
Affordability Verdict
ACS B25071 estimates median gross rent at 26.7% of renter household income in Banner County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $975 per month; median selected monthly owner costs are $831. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $39,000 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Nebraska unweighted mean of county median rents is $797 per month. Banner County's $975 median is 22.4% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Banner County
Rent Burden
14.8%
of gross income
Max Housing (28% Rule)
$1,840
per month
Owner Cost Burden
12.6%
of gross income
You can likely afford the median home in Banner County
Median home value is $205,700. Estimated monthly cost: $1,642 vs. your max of $1,840.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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