Cost of Living in Gage County, Nebraska
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Gage County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Gage County ranks #1,462 of 3,144 counties for affordability (top 47%)
Data Story
About Cost of Living in Gage County, Nebraska
Gage rents track closely with nation
Gage County's 14.3% rent-to-income ratio nearly matches the national standard of 14.2%, signaling affordability in line with the rest of America. With a median household income of $64,426—about 14% below the national median—residents manage housing costs without extraordinary strain.
Gage achieves above-average Nebraska affordability
At 14.3%, Gage County's rent-to-income ratio slightly exceeds Nebraska's 14.2% state average, placing it among the state's more affordable counties. This near-parity with the state benchmark reflects balanced housing costs relative to local incomes.
Moderate rents in south-central Nebraska
Gage County's median rent of $770 sits just below the state average of $783 and undercuts neighbors like Furnas County ($805) and Grant County ($883). The more affordable rental market here makes Gage an attractive option within the region for renters seeking reasonable prices.
Housing costs split between renting and buying
Gage's median income of $64,426 supports monthly rents of $770 and homeownership costs of $843 for properties valued at $167,100. Renters spend about 14% of income on housing, while homeowners pay closer to 16%—a trade-off reflecting the county's higher median home value compared to surrounding areas.
Gage balances affordability with home values
Relocators seeking a balance between affordable rents and real estate appreciation will find Gage County compelling—median home values reach $167,100, the highest in this region. The modest 14.3% rent burden and reasonable ownership costs make it accessible for both renters and first-time buyers.
Cost of Living Advisory: Gage County
Affordability Verdict
Gage County is affordable for renters, with a median gross rent of $770/month representing approximately 14.3% of median household income. The rent burden (GRAPI) stands at 25.0%.
Rent vs. Own
Renters in Gage County pay $770/month on average, compared to $843/month for homeowners. This market favors renters by about 9%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $30,800/year. For owner costs at the 28% rule, the required income is roughly $36,129/year. With a median household income of $64,426, most households can comfortably afford rent here. Notably, 25.0% of renter households in Gage County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Gage County sits 8% more expensive than Hitchcock County ($715/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Gage County
Rent Burden
14.3%
of gross income
Max Housing (28% Rule)
$1,503
per month
Owner Cost Burden
15.7%
of gross income
You can likely afford the median home in Gage County
Median home value is $167,100. Estimated monthly cost: $1,334 vs. your max of $1,503.
Rent Affordability Guide
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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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
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.
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