Cost of Living in Grant County, Nebraska

$883/mo
Median Monthly Rent
$113,900
Median Home Value
13% above state averageUnaffordable

At a Glance

Median Monthly Rent
$883/mo
13% above state average
Median Home Value
$113,900
60% below national
Rent-to-Income Ratio
19.0%
% 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 Grant County Compares

Median monthly rent comparison

Grant County$883/mo
Nebraska Average$783/mo
National Median$1,163/mo

Detailed Housing Stats

$883/mo
Median Gross Rent
$113,900
Median Home Value
$710/mo
Monthly Owner Cost
19.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Grant County, Nebraska

Grant's rents strain tight household budgets

Grant County's 15.3% rent-to-income ratio exceeds the national average of 14.2%, and its median income of $69,063 runs 7.7% below the national median, creating moderate affordability pressure. Renters here dedicate a larger-than-typical share of earnings to housing costs.

Grant County rents exceed state average

With a 15.3% rent-to-income ratio, Grant County exceeds Nebraska's state average of 14.2%, placing it among the state's less affordable areas. While not as strained as Garden County, Grant's higher rents relative to incomes create noticeable pressure on household budgets.

Highest rents paired with moderate incomes

Grant County's median rent of $883 is the highest in this eight-county group, outpacing even Hall County ($911) among comparable counties and nearly 13% above the state average of $783. Combined with incomes lower than Gosper and Garfield, Grant residents face the region's steepest rent burden.

Rent dominates Grant County budgets

Grant's $69,063 median income must cover $883 in monthly rent—15.3% of gross earnings—along with $710 in homeownership costs for properties valued at $113,900. The high rent ratio leaves less discretionary income than neighboring counties with similar house prices.

Grant offers value but with trade-offs

Grant County's relatively affordable home prices ($113,900) appeal to buyers seeking rural real estate, but renters face the region's steepest cost burden at 15.3% of income. Consider Grant if homeownership is your goal, but renters should explore more affordable counties like Garfield or Greeley.

Affordability Calculator

See how your income compares to housing costs in Grant County

$

Rent Burden

15.3%

of gross income

Max Housing (28% Rule)

$1,611

per month

Owner Cost Burden

12.3%

of gross income

You can likely afford the median home in Grant County

Median home value is $113,900. Estimated monthly cost: $909 vs. your max of $1,611.

Rent Affordability Guide

Your rent-to-income ratio15.3%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Grant County, Nebraska?
Grant County, Nebraska has a median monthly rent of $883/mo and a median home value of $113,900. The affordability rating is Unaffordable, with rent making up approximately 19.0% of median household income.
What is the median rent in Grant County?
The median gross rent in Grant County is $883/mo. This is 13% above state average for Nebraska.
Is Grant County affordable?
Grant County is rated Unaffordable based on rent-to-income ratio of 19.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Grant County's rent compare to the state average?
Grant County's median rent of $883/mo is 13% above state average of $783/mo for Nebraska.
What is the median home value in Grant County?
The median home value in Grant County, Nebraska is $113,900. This is 60% 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.