Cost of Living in Boyd County, Nebraska

$650/mo
Median Monthly Rent
$104,000
Median Home Value
17% below state averageUnaffordable

At a Glance

Median Monthly Rent
$650/mo
17% below state average
Median Home Value
$104,000
63% below national
Rent-to-Income Ratio
27.0%
% 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 Boyd County Compares

Median monthly rent comparison

Boyd County$650/mo
Nebraska Average$783/mo
National Median$1,163/mo

Detailed Housing Stats

$650/mo
Median Gross Rent
$104,000
Median Home Value
$671/mo
Monthly Owner Cost
27.0%
Rent-to-Income Ratio

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.

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

Your rent-to-income ratio13.2%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Boyd County, Nebraska?
Boyd County, Nebraska has a median monthly rent of $650/mo and a median home value of $104,000. The affordability rating is Unaffordable, with rent making up approximately 27.0% of median household income.
What is the median rent in Boyd County?
The median gross rent in Boyd County is $650/mo. This is 17% below state average for Nebraska.
Is Boyd County affordable?
Boyd County is rated Unaffordable based on rent-to-income ratio of 27.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Boyd County's rent compare to the state average?
Boyd County's median rent of $650/mo is 17% below state average of $783/mo for Nebraska.
What is the median home value in Boyd County?
The median home value in Boyd County, Nebraska is $104,000. This is 63% 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.