Cost of Living in Greeley County, Nebraska

$643/mo
Median Monthly Rent
$87,800
Median Home Value
18% below state averageUnaffordable

At a Glance

Median Monthly Rent
$643/mo
18% below state average
Median Home Value
$87,800
69% below national
Rent-to-Income Ratio
21.0%
% 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 Greeley County Compares

Median monthly rent comparison

Greeley County$643/mo
Nebraska Average$783/mo
National Median$1,163/mo

Detailed Housing Stats

$643/mo
Median Gross Rent
$87,800
Median Home Value
$695/mo
Monthly Owner Cost
21.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Greeley County, Nebraska

Greeley achieves solid national affordability

Greeley County's 13.1% rent-to-income ratio beats the national average of 14.2%, despite a median income of $58,894 that runs 21% below the national median. Strong local affordability compensates for lower regional wages.

Greeley outperforms state on affordability

With a 13.1% rent-to-income ratio, Greeley County edges below Nebraska's state average of 14.2%, making it one of the state's more affordable areas. The favorable ratio reflects modest rents that scale well to local incomes.

Second-lowest rents, balanced income

Greeley County's $643 median rent is the second-lowest in this region, trailing only Garfield's $519, while its $58,894 income sits in the mid-range. This combination creates solid affordability, with rents consuming just 13% of household earnings.

Affordability across both housing types

Greeley's $58,894 median income supports $643 monthly rent (13.1% of income) and $695 in homeownership costs for properties valued at $87,800. Both renters and buyers find reasonable costs here, with the lowest mortgage payments in the region reflecting modest home values.

Greeley delivers balanced rural affordability

Greeley County appeals to those seeking affordable small-town living with reasonable housing costs across both renting and buying options. The 13.1% rent burden and lowest homeownership costs in the region make Greeley an excellent choice for renters and first-time homebuyers alike.

Affordability Calculator

See how your income compares to housing costs in Greeley County

$

Rent Burden

13.1%

of gross income

Max Housing (28% Rule)

$1,374

per month

Owner Cost Burden

14.2%

of gross income

You can likely afford the median home in Greeley County

Median home value is $87,800. Estimated monthly cost: $701 vs. your max of $1,374.

Rent Affordability Guide

Your rent-to-income ratio13.1%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Greeley County, Nebraska?
Greeley County, Nebraska has a median monthly rent of $643/mo and a median home value of $87,800. The affordability rating is Unaffordable, with rent making up approximately 21.0% of median household income.
What is the median rent in Greeley County?
The median gross rent in Greeley County is $643/mo. This is 18% below state average for Nebraska.
Is Greeley County affordable?
Greeley County is rated Unaffordable based on rent-to-income ratio of 21.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Greeley County's rent compare to the state average?
Greeley County's median rent of $643/mo is 18% below state average of $783/mo for Nebraska.
What is the median home value in Greeley County?
The median home value in Greeley County, Nebraska is $87,800. This is 69% 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.