Cost of Living in Colfax County, Nebraska
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Colfax County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Colfax County ranks #1,198 of 3,144 counties for affordability (top 38%)
Data Story
About Cost of Living in Colfax County, Nebraska
Colfax balances income and housing well
Colfax County residents spend 13.6% of their median household income on rent, slightly below Nebraska's state average of 14.2% and competitive with national affordability standards. With the highest median income in this region at $79,720—well above the national median of $74,755—Colfax offers strong earning potential to offset its $902 monthly rent.
Solid affordability, strong incomes
Colfax County ranks comfortably in the middle of Nebraska's housing affordability scale, with a 13.6% rent-to-income ratio that matches the state average. The county's standout feature is its income level, the highest among the counties surveyed here.
Mid-range rent with highest local pay
Colfax County's $902 monthly rent falls between Clay County's bargain rate and Cheyenne's premium, but residents earn more here ($79,720) than in any surrounding county. This income advantage makes housing costs feel lighter despite moderate rents.
Strong incomes support both options
Rent of $902 takes only 13.6% of the $79,720 median income, while homeownership costs $764—remarkably affordable for a median home value of $128,800. Colfax residents enjoy substantial housing choice without the burden seen in lower-income counties.
Relocate for good pay and fair housing
Colfax County's combination of above-average income and reasonable housing costs makes it an attractive relocation target. Whether renting or buying, your paycheck will stretch further here than in many Nebraska alternatives.
Cost of Living Advisory: Colfax County
Affordability Verdict
For renters in Colfax County, the market is affordable. Expect to pay around $902/month in gross rent, with 18.0% of renter households considered cost-burdened.
Rent vs. Own
Renters in Colfax County pay $902/month on average, compared to $764/month for homeowners. This market favors buyers by about 15%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $36,080/year. For owner costs at the 28% rule, the required income is roughly $32,743/year. With a median household income of $79,720, most households can comfortably afford rent here. Notably, 18.0% of renter households in Colfax County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Within Nebraska, Colfax County is more affordable than Madison County by roughly 6% ($902/mo vs $851/mo).
Affordability Calculator
See how your income compares to housing costs in Colfax County
Rent Burden
13.6%
of gross income
Max Housing (28% Rule)
$1,860
per month
Owner Cost Burden
11.5%
of gross income
You can likely afford the median home in Colfax County
Median home value is $128,800. Estimated monthly cost: $1,028 vs. your max of $1,860.
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 Colfax County, Nebraska?
What is the median rent in Colfax County?
Is Colfax County affordable?
How does Colfax County's rent compare to the state average?
What is the median home value in Colfax County?
Counties with Similar Housing Costs
Planning a Move?
Researching the cost of living in Colfax County, Nebraska? Compare moving quotes from top providers and save on your relocation.
Compare Moving QuotesCompare Mortgage Rates in Colfax 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.