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
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.
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
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.