Cost of Living in Colfax County, Nebraska

$902/mo
Median Monthly Rent
$128,800
Median Home Value
15% above state averageUnaffordable

At a Glance

Median Monthly Rent
$902/mo
15% above state average
Median Home Value
$128,800
54% below national
Rent-to-Income Ratio
18.0%
% 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 Colfax County Compares

Median monthly rent comparison

Colfax County$902/mo
Nebraska Average$783/mo
National Median$1,163/mo

Detailed Housing Stats

$902/mo
Median Gross Rent
$128,800
Median Home Value
$764/mo
Monthly Owner Cost
18.0%
Rent-to-Income Ratio

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.

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

Your rent-to-income ratio13.6%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Colfax County, Nebraska?
Colfax County, Nebraska has a median monthly rent of $902/mo and a median home value of $128,800. The affordability rating is Unaffordable, with rent making up approximately 18.0% of median household income.
What is the median rent in Colfax County?
The median gross rent in Colfax County is $902/mo. This is 15% above state average for Nebraska.
Is Colfax County affordable?
Colfax County is rated Unaffordable based on rent-to-income ratio of 18.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Colfax County's rent compare to the state average?
Colfax County's median rent of $902/mo is 15% above state average of $783/mo for Nebraska.
What is the median home value in Colfax County?
The median home value in Colfax County, Nebraska is $128,800. 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.