Cost of Living in Boone 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 Boone County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Boone County ranks #1,434 of 3,142 counties for affordability (top 46%)
Sourced county brief
Boone County Official GRAPI Matches State Mean at 22.8 Percent
In Boone County, the official Gross Rent as a Percentage of Household Income (GRAPI) was 22.8%. This official B25071 metric is 0.4 percentage points below the Nebraska unweighted county mean official GRAPI of 23.2%. The median gross rent in the county was $850 per month, exceeding the state unweighted county mean of $797. Median selected monthly owner costs for all owner-occupied units were $811, while the Nebraska unweighted county mean was $860. The median home value was recorded at $173,700, compared to a state unweighted county mean of $164,635. Renter households had a median income of $42,431. All data points are snapshots from the 2020-2024 ACS 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: Boone County
Affordability Verdict
ACS B25071 estimates median gross rent at 22.8% of renter household income in Boone 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 $850 per month; median selected monthly owner costs are $811. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $34,000 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. Boone County's $850 median is 6.7% above that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Boone County
Rent Burden
13.6%
of gross income
Max Housing (28% Rule)
$1,749
per month
Owner Cost Burden
13.0%
of gross income
You can likely afford the median home in Boone County
Median home value is $173,700. Estimated monthly cost: $1,387 vs. your max of $1,749.
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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