Cost of Living in Cherry County, Nebraska
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Cherry County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Cherry County ranks #1,047 of 3,144 counties for affordability (top 33%)
Data Story
About Cost of Living in Cherry County, Nebraska
Cherry County's affordability squeeze
Cherry County's 16.4% rent-to-income ratio exceeds Nebraska's state average by 2.2 percentage points and significantly exceeds national norms, creating moderate affordability strain. Though the median income of $63,750 sits 15% below the national average, residents face proportionally higher housing costs.
Above-average housing burden
Cherry County ranks among Nebraska's less affordable counties, with a rent-to-income ratio 2.2 percentage points above the state average. The county's below-median incomes combined with above-average rents create housing stress relative to state peers.
Higher rents, lower incomes
Cherry County's $873 monthly rent is the second-highest in this group, yet its $63,750 median income trails more affluent peers like Cass County ($88,255) by $24,500. This combination of elevated rents and modest earnings creates Cherry County's affordability challenge.
Cherry County housing pressure
Renters earning Cherry County's median $63,750 spend approximately $10,476 annually on housing—16.4% of income—above the healthy 12–15% threshold. Homeowners allocate 14.3% to ownership costs, but the overall housing burden remains elevated relative to income.
Shop around before committing
Cherry County's 16.4% rent-to-income ratio signals tighter budgets; renters should carefully compare nearby Cedar County ($683 rent) and Burt County ($688 rent) before relocating. A modest move could reduce housing costs by 15–22% while maintaining similar regional employment.
Cost of Living Advisory: Cherry County
Affordability Verdict
Housing in Cherry County is affordable. The median rent is $873/month against a median household income of $63,750, putting rent at 16.4% of income.
Rent vs. Own
At $873/month rent versus $761/month in owner costs, owning is roughly $112/month cheaper — a 13% difference.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $34,920/year. For owner costs at the 28% rule, the required income is roughly $32,614/year. With a median household income of $63,750, most households can comfortably afford rent here. Notably, 25.0% of renter households in Cherry County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Nebraska, Cherry County is more affordable than Stanton County by roughly 7% ($873/mo vs $817/mo).
Affordability Calculator
See how your income compares to housing costs in Cherry County
Rent Burden
16.4%
of gross income
Max Housing (28% Rule)
$1,488
per month
Owner Cost Burden
14.3%
of gross income
You can likely afford the median home in Cherry County
Median home value is $136,000. Estimated monthly cost: $1,086 vs. your max of $1,488.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
$0/yr
Needed to stay within recommended threshold
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 Cherry County, Nebraska?
What is the median rent in Cherry County?
Is Cherry County affordable?
How does Cherry County's rent compare to the state average?
What is the median home value in Cherry County?
Counties with Similar Housing Costs
Planning a Move?
Researching the cost of living in Cherry County, Nebraska? Compare moving quotes from top providers and save on your relocation.
Compare Moving QuotesCompare Mortgage Rates in Cherry County
Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.
See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
CostByCounty participates in affiliate programs. We may earn a commission when you use our links, at no extra cost to you.