Cost of Living in Dakota County, Nebraska

$1,053/mo
Median Monthly Rent
$168,100
Median Home Value
34% above state averageUnaffordable

At a Glance

Median Monthly Rent
$1,053/mo
34% above state average
Median Home Value
$168,100
40% below national
Rent-to-Income Ratio
26.0%
% 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 Dakota County Compares

Median monthly rent comparison

Dakota County$1,053/mo
Nebraska Average$783/mo
National Median$1,163/mo

Detailed Housing Stats

$1,053/mo
Median Gross Rent
$168,100
Median Home Value
$992/mo
Monthly Owner Cost
26.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Dakota County, Nebraska

Dakota rents outpace state and nation

Dakota County residents spend 17.6% of their median household income on rent, notably higher than Nebraska's state average of 14.2% and above most national benchmarks. With a median income of $71,655 and rent of $1,053 monthly, housing costs impose a real financial squeeze compared to statewide norms.

Among Nebraska's pricier counties

Dakota County ranks among the less affordable counties in Nebraska, with its 17.6% rent-to-income ratio well above the state average. The county's higher rents relative to local income levels signal tighter housing affordability than most of the state experiences.

The region's most expensive rents

Dakota County's median rent of $1,053 is the highest in this comparison—$152 more than Cheyenne County and $352 more than Clay County. This rental premium significantly outpaces the advantages of Dakota's solid $71,655 median income.

Renters face heavier burden than owners

Monthly rent of $1,053 consumes 17.6% of the median income, while homeownership costs $992—nearly as high but spread across a median home value of $168,100. Renters here experience notably tighter affordability than homeowners.

Factor in above-average housing costs

Dakota County's cost of living rises noticeably above statewide averages, particularly for renters. If relocating here, verify your salary reflects the regional rent premium—rents are among Nebraska's highest.

Affordability Calculator

See how your income compares to housing costs in Dakota County

$

Rent Burden

17.6%

of gross income

Max Housing (28% Rule)

$1,672

per month

Owner Cost Burden

16.6%

of gross income

You can likely afford the median home in Dakota County

Median home value is $168,100. Estimated monthly cost: $1,342 vs. your max of $1,672.

Rent Affordability Guide

Your rent-to-income ratio17.6%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Dakota County, Nebraska?
Dakota County, Nebraska has a median monthly rent of $1,053/mo and a median home value of $168,100. The affordability rating is Unaffordable, with rent making up approximately 26.0% of median household income.
What is the median rent in Dakota County?
The median gross rent in Dakota County is $1,053/mo. This is 34% above state average for Nebraska.
Is Dakota County affordable?
Dakota County is rated Unaffordable based on rent-to-income ratio of 26.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Dakota County's rent compare to the state average?
Dakota County's median rent of $1,053/mo is 34% above state average of $783/mo for Nebraska.
What is the median home value in Dakota County?
The median home value in Dakota County, Nebraska is $168,100. This is 40% 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.