Cost of Living in Grant County, Nebraska
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Grant County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Grant County ranks #78 of 3,144 counties for affordability (top 2%)
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.
Cost of Living Advisory: Grant County
Affordability Verdict
Housing in Grant County is affordable. The median rent is $883/month against a median household income of $69,063, putting rent at 15.3% of income.
Rent vs. Own
The median rent in Grant County is $883/month, while owner costs run $710/month. Owning saves approximately $173/month.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $35,320/year. For owner costs at the 28% rule, the required income is roughly $30,429/year. With a median household income of $69,063, most households can comfortably afford rent here. Notably, 19.0% of renter households in Grant County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Grant County sits 7% more expensive than Deuel County ($827/month) in terms of median gross rent.
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
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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