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)
How Boone County Compares
Median monthly rent comparison
Detailed Housing Stats
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
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.