Cost of Living in Boone County, Nebraska

$734/mo
Median Monthly Rent
$164,700
Median Home Value
6% below state averageUnaffordable

At a Glance

Median Monthly Rent
$734/mo
6% below state average
Median Home Value
$164,700
42% below national
Rent-to-Income Ratio
19.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Boone County Compares

Median monthly rent comparison

Boone County$734/mo
Nebraska Average$783/mo
National Median$1,163/mo

Detailed Housing Stats

$734/mo
Median Gross Rent
$164,700
Median Home Value
$740/mo
Monthly Owner Cost
19.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Boone County, Nebraska

Boone County: Nebraska's most affordable

Boone County's 12.3% rent-to-income ratio beats both the national average and Nebraska's state average of 14.2%, making it the most affordable county in this peer group. With a median household income of $71,367 and rent at just $734 monthly, Boone renters enjoy genuine affordability cushion.

Top-tier affordability across Nebraska

Boone County ranks among Nebraska's least expensive rental markets, with a 12.3% rent-to-income ratio that sets it apart statewide. At $734 monthly rent—$49 below the state median—and above-median income of $71,367, Boone delivers the best housing value among comparable counties.

The region's affordable leader

Boone County's $734 rent undercuts all neighbors except Antelope ($746) and Boyd ($650), while its income of $71,367 exceeds most peers. This combination—strong wages plus low rent—positions Boone as the region's affordability champion for both stability and cost control.

Balanced, comfortable housing economics

Renters and homeowners alike spend nearly equal monthly amounts ($734 rent vs. $740 mortgage), with each consuming just 12.3-12.4% of the $71,367 median income. This exceptional alignment and low burden ratio leave substantial breathing room for savings, education, and quality of life.

Your top choice for rural affordability

Boone County stands out: strong incomes, low rents, and balanced ownership costs create genuine financial flexibility for relocating households. Whether you're renting or buying, Boone delivers the best cost-of-living profile in rural Nebraska—a compelling draw for families and workers seeking stability.

Affordability Calculator

See how your income compares to housing costs in Boone County

$

Rent Burden

12.3%

of gross income

Max Housing (28% Rule)

$1,665

per month

Owner Cost Burden

12.4%

of gross income

You can likely afford the median home in Boone County

Median home value is $164,700. Estimated monthly cost: $1,315 vs. your max of $1,665.

Rent Affordability Guide

Your rent-to-income ratio12.3%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Boone County, Nebraska?
Boone County, Nebraska has a median monthly rent of $734/mo and a median home value of $164,700. The affordability rating is Unaffordable, with rent making up approximately 19.0% of median household income.
What is the median rent in Boone County?
The median gross rent in Boone County is $734/mo. This is 6% below state average for Nebraska.
Is Boone County affordable?
Boone County is rated Unaffordable based on rent-to-income ratio of 19.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Boone County's rent compare to the state average?
Boone County's median rent of $734/mo is 6% below state average of $783/mo for Nebraska.
What is the median home value in Boone County?
The median home value in Boone County, Nebraska is $164,700. This is 42% below the national median home value of $281,900.
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Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.