Cost of Living in Boyd County, Nebraska
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Boyd County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Boyd County ranks #149 of 3,144 counties for affordability (top 5%)
Data Story
About Cost of Living in Boyd County, Nebraska
Boyd County: the rent bargain of Nebraska
Boyd County's 13.2% rent-to-income ratio sits below both the national average and Nebraska's state average of 14.2%, despite the county's lowest median household income of $58,984 among peers. At just $650 monthly—the region's cheapest rent—Boyd delivers exceptional value for cost-conscious renters.
Nebraska's most budget-friendly rentals
Boyd County ranks as Nebraska's most affordable county for renters, combining the state's lowest rent ($650 monthly) with a 13.2% burden ratio that beats the state average. Though income trails peers, Boyd's ultra-low rents create genuine affordability for working households.
Clearly the regional rent leader
Boyd County's $650 monthly rent runs $96 below Antelope ($746), $136 below Blaine ($786), and $325 below Banner ($975)—the region's clear bargain leader. The county's $58,984 income is the lowest locally, yet renters still enjoy a comfortable 13.2% burden ratio thanks to dramatic rent savings.
Renters and homeowners find similar relief
Renters spend $650 monthly while homeowners invest $671—nearly identical and remarkably balanced against the $58,984 median income. Both housing types consume just 13.2-13.6% of earnings, an unusual alignment that suggests a stable, truly affordable local market.
Maximum affordability, minimum budget impact
Boyd County is Nebraska's ultimate affordable housing destination: rents hit just $650 monthly with a 13.2% burden ratio that leaves room for savings even at the county's below-average income. If you prioritize cost of living above all else, Boyd delivers unmatched value for rural Nebraska relocation.
Cost of Living Advisory: Boyd County
Affordability Verdict
For renters in Boyd County, the market is affordable. Expect to pay around $650/month in gross rent, with 27.0% of renter households considered cost-burdened.
Rent vs. Own
At $650/month rent versus $671/month in owner costs, renting is roughly $21/month cheaper — a 3% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $26,000/year. For owner costs at the 28% rule, the required income is roughly $28,757/year. With a median household income of $58,984, most households can comfortably afford rent here. Notably, 27.0% of renter households in Boyd County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Nebraska, Boyd County is less affordable than Clay County by roughly 7% ($650/mo vs $701/mo).
Affordability Calculator
See how your income compares to housing costs in Boyd County
Rent Burden
13.2%
of gross income
Max Housing (28% Rule)
$1,376
per month
Owner Cost Burden
13.7%
of gross income
You can likely afford the median home in Boyd County
Median home value is $104,000. Estimated monthly cost: $830 vs. your max of $1,376.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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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 (2019-2023) — Informational only. Not financial or legal advice.
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