Cost of Living in Cedar County, Nebraska

$683/mo
Median Monthly Rent
$175,500
Median Home Value

At a Glance

Median Monthly Rent
$683/mo
13% below state average
Median Home Value
$175,500
38% 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 Cedar County Compares

Median monthly rent comparison

Cedar County$683/mo
Nebraska Average$783/mo
National Median$1,163/mo

Detailed Housing Stats

$683/mo
Median Gross Rent
$175,500
Median Home Value
$776/mo
Monthly Owner Cost
19.0%
Rent-to-Income Ratio

National Ranking

Affordability Rank

Cedar County ranks #162 of 3,144 counties for affordability (top 5%)

Most AffordableLeast Affordable

Data Story

About Cost of Living in Cedar County, Nebraska

Cedar County: affordable and balanced

Cedar County's 11.1% rent-to-income ratio ranks among Nebraska's best and significantly outperforms national affordability benchmarks. With a median household income of $73,977—just slightly below the national median—Cedar County delivers genuine affordability without income sacrifice.

Top-tier Nebraska affordability

Cedar County ranks among Nebraska's most affordable housing markets, with a rent-to-income ratio 3.1 percentage points below the state average. The county's low rents and solid incomes create exceptional value for cost-conscious households.

Lowest rents, strong earnings

Cedar County's $683 monthly rent is the absolute lowest among these eight counties—22% cheaper than Cass County ($987) and 13% cheaper than Cherry County ($873). The median income of $73,977 ensures residents can afford these low rents while maintaining financial stability.

Cedar County's rent advantage

Renters earning Cedar County's median $73,977 spend approximately $8,196 annually on housing—just 11.1% of income—well below healthy affordability thresholds. Homeowners allocate 12.6% to ownership costs, making Cedar County one of the most balanced housing markets.

Best rent value in the region

Cedar County combines the region's lowest rents with solid middle-class incomes, making it a top choice for renters prioritizing value. With $683 monthly rent and strong local stability, Cedar County offers unmatched affordability in this peer group.

Cost of Living Advisory: Cedar County

Affordability Verdict

Housing in Cedar County is affordable. The median rent is $683/month against a median household income of $73,977, putting rent at 11.1% of income.

Rent vs. Own

The median rent in Cedar County is $683/month, while owner costs run $776/month. Renting saves approximately $93/month.

Income Needed

To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $27,320/year. For owner costs at the 28% rule, the required income is roughly $33,257/year. With a median household income of $73,977, most households can comfortably afford rent here. Notably, 19.0% of renter households in Cedar County are cost-burdened, spending more than 30% of income on housing.

Regional Context

Cedar County sits 7% less expensive than Boone County ($734/month) in terms of median gross rent.

Affordability Calculator

See how your income compares to housing costs in Cedar County

$

Rent Burden

11.1%

of gross income

Max Housing (28% Rule)

$1,726

per month

Owner Cost Burden

12.6%

of gross income

You can likely afford the median home in Cedar County

Median home value is $175,500. Estimated monthly cost: $1,401 vs. your max of $1,726.

Rent Affordability Guide

Your rent-to-income ratio11.1%
Recommended max30.0%

Income Needed Calculator

See how much you need to earn to comfortably afford housing

$
Rent Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $73,977Needed: $27,320
Owner Cost Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $73,977Needed: $33,257
Mortgage Affordability

$0/yr

Needed to stay within recommended threshold

Median income:$0/yr
Can you afford it? Yes
Your income: $73,977Needed: $40,844

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

What is the cost of living in Cedar County, Nebraska?
Cedar County, Nebraska has a median monthly rent of $683/mo and a median home value of $175,500. The affordability rating is Unaffordable, with rent making up approximately 19.0% of median household income.
What is the median rent in Cedar County?
The median gross rent in Cedar County is $683/mo. This is 13% below state average for Nebraska.
Is Cedar County affordable?
Cedar 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 Cedar County's rent compare to the state average?
Cedar County's median rent of $683/mo is 13% below state average of $783/mo for Nebraska.
What is the median home value in Cedar County?
The median home value in Cedar County, Nebraska is $175,500. This is 38% below the national median home value of $281,900.

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By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.

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