Cost of Living in Cheyenne County, Nebraska

$912/mo
Median Monthly Rent
$129,100
Median Home Value
16% above state averageUnaffordable

At a Glance

Median Monthly Rent
$912/mo
16% above state average
Median Home Value
$129,100
54% 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 Cheyenne County Compares

Median monthly rent comparison

Cheyenne County$912/mo
Nebraska Average$783/mo
National Median$1,163/mo

Detailed Housing Stats

$912/mo
Median Gross Rent
$129,100
Median Home Value
$864/mo
Monthly Owner Cost
27.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Cheyenne County, Nebraska

Cheyenne rents strain household budgets

Cheyenne County residents spend 19.0% of their median household income on rent, well above the national average of roughly 14-15% and the Nebraska state average of 14.2%. With a median household income of $57,594—significantly below the national median of $74,755—housing costs eat a larger share of paychecks here than in most of the country.

Among Nebraska's least affordable counties

Cheyenne County ranks as one of Nebraska's less affordable housing markets, with its 19.0% rent-to-income ratio placing it well above the state average. The gap signals that while housing costs are moderate in absolute terms ($912/month), local incomes are the real constraint.

Pricier than surrounding areas

Cheyenne County's median rent of $912 exceeds nearby Clay County ($701) and Colfax County ($902), putting it among the higher-rent counties in the region. Despite having lower median incomes than several neighbors, residents here pay more for comparable housing.

Rent dominates, ownership costs moderate

Monthly rent averages $912 while homeownership costs $864, but the real squeeze comes from income: the median household earns just $57,594 annually, meaning renters devote 19% of gross income to housing. First-time homebuyers looking at the median home value of $129,100 might find ownership more feasible than the current rental market.

Consider this if you're relocating here

If you're moving to Cheyenne County, budget conservatively—housing costs take a bigger slice of income than statewide norms. Compare your expected salary against the $57,594 median to ensure housing remains truly affordable before committing.

Affordability Calculator

See how your income compares to housing costs in Cheyenne County

$

Rent Burden

19.0%

of gross income

Max Housing (28% Rule)

$1,344

per month

Owner Cost Burden

18.0%

of gross income

You can likely afford the median home in Cheyenne County

Median home value is $129,100. Estimated monthly cost: $1,031 vs. your max of $1,344.

Rent Affordability Guide

Your rent-to-income ratio19.0%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Cheyenne County, Nebraska?
Cheyenne County, Nebraska has a median monthly rent of $912/mo and a median home value of $129,100. The affordability rating is Unaffordable, with rent making up approximately 27.0% of median household income.
What is the median rent in Cheyenne County?
The median gross rent in Cheyenne County is $912/mo. This is 16% above state average for Nebraska.
Is Cheyenne County affordable?
Cheyenne 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 Cheyenne County's rent compare to the state average?
Cheyenne County's median rent of $912/mo is 16% above state average of $783/mo for Nebraska.
What is the median home value in Cheyenne County?
The median home value in Cheyenne County, Nebraska is $129,100. This is 54% 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.