Cost of Living in Clay County, Nebraska

$701/mo
Median Monthly Rent
$146,300
Median Home Value
10% below state averageUnaffordable

At a Glance

Median Monthly Rent
$701/mo
10% below state average
Median Home Value
$146,300
48% below national
Rent-to-Income Ratio
23.0%
% 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 Clay County Compares

Median monthly rent comparison

Clay County$701/mo
Nebraska Average$783/mo
National Median$1,163/mo

Detailed Housing Stats

$701/mo
Median Gross Rent
$146,300
Median Home Value
$766/mo
Monthly Owner Cost
23.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Clay County, Nebraska

Clay County offers genuine housing relief

Clay County residents spend just 11.1% of income on rent, one of the most favorable ratios in Nebraska and well below both the state average of 14.2% and national norms. With median household income of $75,938—slightly above the national median of $74,755—and rent of just $701 monthly, this county delivers real affordability.

Nebraska's most affordable rental market

Clay County ranks among Nebraska's best housing buys, with its 11.1% rent-to-income ratio placing it near the top of the state's affordability rankings. The combination of low rents and solid incomes makes this an exceptionally accessible housing market.

Lowest rents in the region

Clay County's median rent of $701 is the lowest among comparable nearby counties—significantly cheaper than Cheyenne ($912), Colfax ($902), and Cuming ($800). This price advantage compounds when viewed against Clay's strong median income of $75,938.

Rent and ownership both manageable

Monthly rent of $701 consumes just 11.1% of the median income, while homeownership costs $766—both modest burdens on the $75,938 median household income. At a median home value of $146,300, Clay County offers accessible paths to both renting and buying.

An affordable Nebraska destination

If housing affordability matters to your relocation decision, Clay County delivers. The combination of low rents, fair homeownership costs, and solid local incomes makes this one of Nebraska's most accessible places to live.

Affordability Calculator

See how your income compares to housing costs in Clay County

$

Rent Burden

11.1%

of gross income

Max Housing (28% Rule)

$1,772

per month

Owner Cost Burden

12.1%

of gross income

You can likely afford the median home in Clay County

Median home value is $146,300. Estimated monthly cost: $1,168 vs. your max of $1,772.

Rent Affordability Guide

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

Frequently Asked Questions

What is the cost of living in Clay County, Nebraska?
Clay County, Nebraska has a median monthly rent of $701/mo and a median home value of $146,300. The affordability rating is Unaffordable, with rent making up approximately 23.0% of median household income.
What is the median rent in Clay County?
The median gross rent in Clay County is $701/mo. This is 10% below state average for Nebraska.
Is Clay County affordable?
Clay County is rated Unaffordable based on rent-to-income ratio of 23.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Clay County's rent compare to the state average?
Clay County's median rent of $701/mo is 10% below state average of $783/mo for Nebraska.
What is the median home value in Clay County?
The median home value in Clay County, Nebraska is $146,300. This is 48% 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.